Registered number
10289826
South West Sweepers Ltd
Filleted Accounts
31 December 2023
South West Sweepers Ltd
Registered number: 10289826
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 11,710 -
Tangible assets 4 89,645 54,509
101,355 54,509
Current assets
Debtors 5 200,720 199,209
Cash at bank and in hand 133,071 102,233
333,791 301,442
Creditors: amounts falling due within one year 6 (177,923) (147,544)
Net current assets 155,868 153,898
Total assets less current liabilities 257,223 208,407
Creditors: amounts falling due after more than one year 7 (16,950) (33,701)
Provisions for liabilities (17,032) (10,365)
Net assets 223,241 164,341
Capital and reserves
Called up share capital 2 4
Profit and loss account 223,239 164,337
Shareholders' funds 223,241 164,341
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Julian Chenoweth
Director
Approved by the board on 23 September 2024
South West Sweepers Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance and straight line
Motor vehicles 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 9 9
3 Intangible fixed assets £
Intangible IP:
Cost
Additions 14,638
At 31 December 2023 14,638
Amortisation
Provided during the year 2,928
At 31 December 2023 2,928
Net book value
At 31 December 2023 11,710
Intangible IP is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 42,489 40,995 83,484
Additions 1,637 56,511 58,148
Disposals (2,305) - (2,305)
At 31 December 2023 41,821 97,506 139,327
Depreciation
At 1 January 2023 18,616 10,359 28,975
Charge for the year 4,981 17,429 22,410
On disposals (1,703) - (1,703)
At 31 December 2023 21,894 27,788 49,682
Net book value
At 31 December 2023 19,927 69,718 89,645
At 31 December 2022 23,873 30,636 54,509
5 Debtors 2023 2022
£ £
Trade debtors 177,476 184,309
Other debtors 23,244 14,900
200,720 199,209
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 5,757 5,206
Trade creditors 88,910 53,095
Taxation and social security costs 63,202 75,739
Other creditors 10,054 3,504
177,923 147,544
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 12,321 21,250
Obligations under finance lease and hire purchase contracts 4,629 11,035
Other creditors - 1,416
16,950 33,701
8 Related party transactions
At the period end the company was owed £9,342 (2022: the company owed £1,416 to) from Mrs Julie Wieczorek and Mr Robert Wieczorek, directors. This loan is interest free and repayable on demand.
9 Controlling party
The company is ultimately controlled by Mrs Julie Wieczorek and Mr Robert John Wieczorek, directors, who together own 100% of the issued share capital.
10 Other information
South West Sweepers Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Yard St. Dennis Industrial Estate
St. Dennis
St. Austell
England
PL26 8DW
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