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REGISTERED NUMBER: 14600368 (England and Wales)















Screed Solutions South Wales Ltd

Unaudited Financial Statements

for the Period 18th January 2023 to 31st January 2024






Screed Solutions South Wales Ltd (Registered number: 14600368)






Contents of the Financial Statements
for the Period 18th January 2023 to 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Screed Solutions South Wales Ltd

Company Information
for the Period 18th January 2023 to 31st January 2024







Directors: L R Thomas
J M Wilson





Registered office: 28 Hollyhock Drive
Brackla
Bridgend
CF31 2NS





Registered number: 14600368 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Screed Solutions South Wales Ltd (Registered number: 14600368)

Balance Sheet
31st January 2024

Notes £   
Fixed assets
Tangible assets 4 36,269

Current assets
Cash at bank 16,834

Creditors
Amounts falling due within one year 5 (47,126 )
Net current liabilities (30,292 )
Total assets less current liabilities 5,977

Capital and reserves
Called up share capital 2
Retained earnings 5,975
5,977

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

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

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th October 2024 and were signed on its behalf by:





J M Wilson - Director


Screed Solutions South Wales Ltd (Registered number: 14600368)

Notes to the Financial Statements
for the Period 18th January 2023 to 31st January 2024

1. Statutory information

Screed Solutions South Wales Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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

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

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangements as either financial assets, financial liabilities or equity instruments, and are held at amortised cost. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 period 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.

3. Employees and directors

The average number of employees during the period was NIL.

Screed Solutions South Wales Ltd (Registered number: 14600368)

Notes to the Financial Statements - continued
for the Period 18th January 2023 to 31st January 2024

4. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
Additions 38,089 10,000 48,089
At 31st January 2024 38,089 10,000 48,089
Depreciation
Charge for period 10,153 1,667 11,820
At 31st January 2024 10,153 1,667 11,820
Net book value
At 31st January 2024 27,936 8,333 36,269

5. Creditors: amounts falling due within one year
£   
Trade creditors 1,474
VAT 878
Other creditors 19,600
Directors' current accounts 24,424
Accruals and deferred income 750
47,126

6. Ultimate controlling party

The controlling party is not known.