01 February 2023 31 January 2024 No principle activity is included 06317804 2023-02-01 06317804 2024-01-31 06317804 2023-02-01 2024-01-31 06317804 2023-01-31 06317804 2022-02-01 2023-01-31 06317804 uk-core:WithinOneYear 2024-01-31 06317804 uk-core:WithinOneYear 2023-01-31 06317804 uk-core:ShareCapital 2024-01-31 06317804 uk-core:ShareCapital 2023-01-31 06317804 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 06317804 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 06317804 uk-bus:Director1 2023-02-01 2024-01-31 06317804 uk-curr:PoundSterling 2023-02-01 2024-01-31 06317804 uk-core:PlantMachinery 2023-02-01 2024-01-31 06317804 uk-core:Vehicles 2023-02-01 2024-01-31 06317804 uk-core:FurnitureFittings 2023-02-01 2024-01-31 06317804 uk-core:OfficeEquipment 2023-02-01 2024-01-31 06317804 uk-core:VehiclesPlantMachinery 2023-01-31 06317804 uk-core:VehiclesPlantMachinery 2023-02-01 2024-01-31 06317804 uk-core:VehiclesPlantMachinery 2024-01-31 06317804 uk-core:Non-currentFinancialInstruments uk-core:CostValuation 2023-01-31 06317804 uk-core:Non-currentFinancialInstruments uk-core:CostValuation 2024-01-31 06317804 uk-core:Non-currentFinancialInstruments uk-core:ProvisionsForImpairmentInvestments 2024-01-31 06317804 uk-core:Non-currentFinancialInstruments 2024-01-31 06317804 uk-core:Non-currentFinancialInstruments 2023-01-31 06317804 uk-bus:FRS102 2023-02-01 2024-01-31 06317804 uk-bus:FullAccounts 2023-02-01 2024-01-31 06317804 uk-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 06317804 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  S & W PLANT LTD
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 31 JANUARY 2024
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  S & W PLANT LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 JANUARY 2024
       
       
  DIRECTORS
       
  Mr N Smith
       
       
       
  SECRETARY
       
  Mr N Smith
       
  REGISTERED OFFICE
       
  11 Lippitts Hill
Luton
Bedfordshire LU2 7YN
       
       
  COMPANY REGISTERED NUMBER
       
  06317804
       
       
  BANKERS
       
  Natwest Bank plc
       
       
  ACCOUNTANTS
       
  Haartwells Ltd
  Chartered Certified Accountants
  25 Park Street West, Luton, Bedfordshire, LU1 3BE
       
  page 1
  S & W PLANT LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 JANUARY 2024
       
       
       
  CONTENTS
       
  Pages
       
       
  3-4 Statement of Financial Position  
       
       
  5-8 Notes to the Financial Statements  
       
     
  page 2
  S & W PLANT LTD
  Company registered number: 06317804
  STATEMENT OF FINANCIAL POSITION AT 31 January 2024
           
    Note 2024 2023
      £ £ £
           
  FIXED ASSETS
  Property, plant and equipment 3 52,172 69,909
  Investments held as fixed assets 4 200,000 200,000
      252,172 269,909
  CURRENT ASSETS    
  Debtors 5 574,118 590,015
  Cash at bank and in hand   308,640 18,946
      882,758 608,961
  CREDITORS: Amounts falling due within one year 6 370,787 76,640
  NET CURRENT ASSETS   511,971 532,321
  NET ASSETS   £764,143 £802,230
       
  CAPITAL AND RESERVES
  Called up share capital   100 100
  Retained earnings   764,043 802,130
  SHAREHOLDERS' FUNDS   £764,143 £802,230
       
  The notes on pages 5-8 form part of these financial statements
   
  page 3
  S & W PLANT LTD
  Company registered number: 06317804
  STATEMENT OF FINANCIAL POSITION AT 31 January 2024 (CONT.)
           
    Note 2024 2023
      £ £ £
       
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
  These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
       
  The financial statements were approved and authorised for issue by the board of directors on 27 August 2024
 
  Signed on behalf of the board of directors
 
 
       
  Mr N Smith, Director
       
       
  The notes on pages 5-8 form part of these financial statements
   
  page 4
  S & W PLANT LTD
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 31 JANUARY 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  S & W Plant Ltd is a Private Limited Company incorporated in England and Wales..
         
  The company's registered number and registered office address can be found on the Company Information page.
         
  These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 February 2023.
         
  The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below. These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
         
 
         
  Basis of accounting
         
 
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Borrowing costs
         
  Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
         
 
         
1e. Taxation
         
         
  Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
       
1f. Property, plant and equipment
       
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
       
  Plant and machinery Reducing balance 25%  
  Vehicles Reducing balance 25%  
  Fixtures and fittings Reducing balance 15%  
  Equipment Reducing balance 15%  
  The notes on pages 5-8 form part of these financial statements
   
  page 5
  S & W PLANT LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 JANUARY 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1g. Inventories
         
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.
         
         
1h. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
         
1i. Cash and cash equivalents
         
  Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.
         
 
         
1j. Interest bearing borrowings
         
  All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.
         
         
1k. Leased assets
         
  Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.
         
 
         
         
1l. Employee benefits
         
  The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.
         
  The notes on pages 5-8 form part of these financial statements
   
  page 6
  S & W PLANT LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 JANUARY 2024
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2024 2023
  Management and administration 1 1
  Production and sales 1 1
    2 2
   
       
3. PROPERTY, PLANT AND EQUIPMENT
    Plant &  
    Machinery Total
    £ £
  Cost
       
  At 1 February 2023 414,870 414,870
       
  Disposals (4,700) (4,700)
  At 31 January 2024 410,170 410,170
   
  Depreciation
       
  At 1 February 2023 344,961 344,961
  Disposals (4,398) (4,398)
  For the year 17,435 17,435
  At 31 January 2024 357,998 357,998
   
  Net Book Amounts
       
  At 31 January 2024 52,172 52,172
  At 31 January 2023 69,909 69,909
   
  The notes on pages 5-8 form part of these financial statements
   
  page 7
  S & W PLANT LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 JANUARY 2024
       
       
4. INVESTMENTS HELD AS FIXED ASSETS
    Other  
    investments  
    Other than  
    loans Total
    £ £
  Cost or valuation
       
  At 1 February 2023 200,000 200,000
  At 31 January 2024 200,000 200,000
   
  Amounts written off
       
  At 31 January 2024 - -
   
  Net Book Amounts
       
  At 31 January 2024 200,000 200,000
  At 31 January 2023 200,000 200,000
   
       
       
5. DEBTORS 2024 2023
    £ £
  Trade debtors 574,118 589,104
  Other debtors - 911
    £574,118 £590,015
   
       
       
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2024 2023
    £ £
  Corporation tax 45,813 52,127
  Other taxes and social security 22,892 15,281
  Other creditors 296,832 2,082
  Accruals and deferred income 5,250 7,150
    £370,787 £76,640
   
       
  The notes on pages 5-8 form part of these financial statements
   
  page 8