Registered number
04783358
S W McEwan Limited
Filleted Accounts
30 June 2024
S W McEwan Limited
Registered number: 04783358
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 24,903 32,072
Current assets
Cash at bank and in hand 7,979 23,506
Creditors: amounts falling due within one year 4 (19,679) (18,600)
Net current (liabilities)/assets (11,700) 4,906
Total assets less current liabilities 13,203 36,978
Creditors: amounts falling due after more than one year 5 (8,870) (13,600)
Net assets 4,333 23,378
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,233 23,278
Shareholders' funds 4,333 23,378
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.
Steven McEwan
Director
Approved by the board on 21 October 2024
S W McEwan Limited
Notes to the Accounts
for the year ended 30 June 2024
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.
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:
Motor vehicles over 4 years
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 9,850 38,520 48,370
Additions 1,133 - 1,133
At 30 June 2024 10,983 38,520 49,503
Depreciation
At 1 July 2023 6,066 10,232 16,298
Charge for the year 1,230 7,072 8,302
At 30 June 2024 7,296 17,304 24,600
Net book value
At 30 June 2024 3,687 21,216 24,903
At 30 June 2023 3,784 28,288 32,072
4 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 6,912 6,912
Taxation and social security costs 9,927 6,777
Other creditors 2,840 4,911
19,679 18,600
5 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 8,870 13,600
6 Other information
S W McEwan Limited is a private company limited by shares and incorporated in England. Its registered office is:
76 Park Street
Horsham
West Sussex
RH12 1BX
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