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REGISTERED NUMBER: 08358033 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

S & W MOBILITY SERVICES LIMITED

S & W MOBILITY SERVICES LIMITED (REGISTERED NUMBER: 08358033)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


S & W MOBILITY SERVICES LIMITED (REGISTERED NUMBER: 08358033)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 14,766 19,689
Investment property 6 1,290,000 1,149,731
1,304,766 1,169,420

CURRENT ASSETS
Stocks 10,000 7,500
Debtors 7 110,548 114,089
Cash at bank 226,812 124,355
347,360 245,944
CREDITORS
Amounts falling due within one year 8 179,248 175,697
NET CURRENT ASSETS 168,112 70,247
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,472,878

1,239,667

PROVISIONS FOR LIABILITIES 53,499 52,539
NET ASSETS 1,419,379 1,187,128

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,419,279 1,187,028
1,419,379 1,187,128

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

S & W MOBILITY SERVICES LIMITED (REGISTERED NUMBER: 08358033)

BALANCE SHEET - continued
31ST MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21st August 2024 and were signed by:





Mr C Stevens - Director


S & W MOBILITY SERVICES LIMITED (REGISTERED NUMBER: 08358033)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

S & W Mobility Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08358033

Registered office: 20 Peake Avenue
Nuneaton
Warwickshire
CV11 6DN

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


S & W MOBILITY SERVICES LIMITED (REGISTERED NUMBER: 08358033)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 10,000
AMORTISATION
At 1st April 2023
and 31st March 2024 10,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 34,132
DEPRECIATION
At 1st April 2023 14,443
Charge for year 4,923
At 31st March 2024 19,366
NET BOOK VALUE
At 31st March 2024 14,766
At 31st March 2023 19,689

S & W MOBILITY SERVICES LIMITED (REGISTERED NUMBER: 08358033)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 1,149,731
Additions 121,141
Revaluations 19,128
At 31st March 2024 1,290,000
NET BOOK VALUE
At 31st March 2024 1,290,000
At 31st March 2023 1,149,731

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2024 238,096
Cost 1,051,904
1,290,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 108,651 112,333
Other debtors 1,897 1,756
110,548 114,089

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 10,576 5,505
Taxation and social security 104,372 79,049
Other creditors 64,300 91,143
179,248 175,697