Company Registration No. 07489027 (England and Wales)
SW CONSTRUCTION NE LTD
Unaudited accounts
for the year ended 31 December 2023
SW CONSTRUCTION NE LTD
Unaudited accounts
Contents
SW CONSTRUCTION NE LTD
Company Information
for the year ended 31 December 2023
Directors
Anthony Walker
Stephen Walker
Company Number
07489027 (England and Wales)
Registered Office
7 College View
Consett
Durham
DH8 7DP
Accountants
The Books Accountants Ltd
Westbourne House
Main Street
Haltwhistle
Northumberland
NE49 0AZ
SW CONSTRUCTION NE LTD
Statement of financial position
as at 31 December 2023
Tangible assets
120,879
21,777
Cash at bank and in hand
93,953
68,056
Creditors: amounts falling due within one year
116,566
116,125
Net current assets
281,252
250,104
Net assets
402,131
271,881
Called up share capital
2
2
Profit and loss account
402,129
271,879
Shareholders' funds
402,131
271,881
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by
Anthony Walker
Director
Company Registration No. 07489027
SW CONSTRUCTION NE LTD
Notes to the Accounts
for the year ended 31 December 2023
SW CONSTRUCTION NE LTD is a private company, limited by shares, registered in England and Wales, registration number 07489027. The registered office is 7 College View, Consett, Durham, DH8 7DP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
14,587
13,904
15,133
43,624
Additions
90,000
4,100
7,500
101,600
At 31 December 2023
104,587
18,004
22,633
145,224
At 1 January 2023
-
9,843
12,004
21,847
Charge for the year
-
1,528
970
2,498
At 31 December 2023
-
11,371
12,974
24,345
At 31 December 2023
104,587
6,633
9,659
120,879
At 31 December 2022
14,587
4,061
3,129
21,777
Amounts falling due within one year
Trade debtors
70,733
65,923
SW CONSTRUCTION NE LTD
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
24,163
34,165
Taxes and social security
(9,765)
(106,513)
Loans from directors
(130,964)
(43,777)
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).