IRIS Accounts Production v24.2.0.383 06056294 Board of Directors Board of Directors Board of Directors 1.2.23 31.1.24 31.1.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060562942023-01-31060562942024-01-31060562942023-02-012024-01-31060562942022-01-31060562942022-02-012023-01-31060562942023-01-3106056294ns15:EnglandWales2023-02-012024-01-3106056294ns14:PoundSterling2023-02-012024-01-3106056294ns10:Director12023-02-012024-01-3106056294ns10:Director22023-02-012024-01-3106056294ns10:Director32023-02-012024-01-3106056294ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3106056294ns10:SmallEntities2023-02-012024-01-3106056294ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3106056294ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3106056294ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3106056294ns10:FullAccounts2023-02-012024-01-310605629412023-02-012024-01-3106056294ns10:CompanySecretary12023-02-012024-01-3106056294ns10:RegisteredOffice2023-02-012024-01-3106056294ns5:CurrentFinancialInstruments2024-01-3106056294ns5:CurrentFinancialInstruments2023-01-3106056294ns5:ShareCapital2024-01-3106056294ns5:ShareCapital2023-01-3106056294ns5:RetainedEarningsAccumulatedLosses2024-01-3106056294ns5:RetainedEarningsAccumulatedLosses2023-01-3106056294ns5:NetGoodwill2023-02-012024-01-3106056294ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3106056294ns5:PlantMachinery2023-02-012024-01-3106056294ns5:MotorVehicles2023-02-012024-01-3106056294ns5:ComputerEquipment2023-02-012024-01-3106056294ns5:NetGoodwill2023-01-3106056294ns5:NetGoodwill2024-01-3106056294ns5:NetGoodwill2023-01-3106056294ns5:PlantMachinery2023-01-3106056294ns5:MotorVehicles2023-01-3106056294ns5:ComputerEquipment2023-01-3106056294ns5:PlantMachinery2024-01-3106056294ns5:MotorVehicles2024-01-3106056294ns5:ComputerEquipment2024-01-3106056294ns5:PlantMachinery2023-01-3106056294ns5:MotorVehicles2023-01-3106056294ns5:ComputerEquipment2023-01-3106056294ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3106056294ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3106056294ns5:DeferredTaxation2023-01-3106056294ns5:DeferredTaxation2023-02-012024-01-3106056294ns5:DeferredTaxation2024-01-3106056294ns10:Director222023-01-3106056294ns10:Director222022-01-3106056294ns10:Director222023-02-012024-01-3106056294ns10:Director222022-02-012023-01-3106056294ns10:Director222024-01-3106056294ns10:Director222023-01-31
REGISTERED NUMBER: 06056294 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

RD & TD SWINNERTON & SONS LTD

RD & TD SWINNERTON & SONS LTD (REGISTERED NUMBER: 06056294)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RD & TD SWINNERTON & SONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: R D Swinnerton
T D Swinnerton
S J Swinnerton



SECRETARY: R D Swinnerton



REGISTERED OFFICE: 1 & 2 Mercia Village
Torwood Close
Coventry
West Midlands
CV4 8HX



REGISTERED NUMBER: 06056294 (England and Wales)



ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX



BANKERS: Lloyds TSB
The Parade
Leamington Spa
Warwickshire
CV32 4BB

RD & TD SWINNERTON & SONS LTD (REGISTERED NUMBER: 06056294)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,000 1,317
5,000 1,317

CURRENT ASSETS
Stocks - 10,270
Debtors 6 37,931 9,956
37,931 20,226
CREDITORS
Amounts falling due within one year 7 41,221 52,791
NET CURRENT LIABILITIES (3,290 ) (32,565 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,710

(31,248

)

PROVISIONS FOR LIABILITIES 8 950 220
NET ASSETS/(LIABILITIES) 760 (31,468 )

CAPITAL AND RESERVES
Called up share capital 204 204
Retained earnings 556 (31,672 )
SHAREHOLDERS' FUNDS 760 (31,468 )

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

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:
(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.

RD & TD SWINNERTON & SONS LTD (REGISTERED NUMBER: 06056294)

BALANCE SHEET - continued
31 JANUARY 2024


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 18 October 2024 and were signed on its behalf by:




R D Swinnerton - Director T D Swinnerton - Director




S J Swinnerton - Director


RD & TD SWINNERTON & SONS LTD (REGISTERED NUMBER: 06056294)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Rd & Td Swinnerton & Sons 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of Services:

When the outcome of a transaction can be estimated reliably, turnover from construction contracts is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the amount of agreed contracted materials and components installed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2008, is now being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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.


RD & TD SWINNERTON & SONS LTD (REGISTERED NUMBER: 06056294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued
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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern basis
The company is dependent on the continuing support of the directors, who have financed the losses incurred. The company is dependent upon the continuing support of the directors and have signified to continue their support if required.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 10,000
AMORTISATION
At 1 February 2023
and 31 January 2024 10,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

RD & TD SWINNERTON & SONS LTD (REGISTERED NUMBER: 06056294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 474 12,565 398 13,437
Additions - 5,500 - 5,500
Disposals - (3,500 ) - (3,500 )
At 31 January 2024 474 14,565 398 15,437
DEPRECIATION
At 1 February 2023 474 11,248 398 12,120
Charge for year - 1,667 - 1,667
Eliminated on disposal - (3,350 ) - (3,350 )
At 31 January 2024 474 9,565 398 10,437
NET BOOK VALUE
At 31 January 2024 - 5,000 - 5,000
At 31 January 2023 - 1,317 - 1,317

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,980 570
Directors' current accounts 27,178 9,386
Prepayments 1,773 -
37,931 9,956

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,030 6,001
Trade creditors 2,089 3,170
Corporation tax 6,916 127
Social security and other taxes 189 184
VAT 1,825 949
Other creditors 252 445
Accruals and deferred income 7,850 39,000
Accrued expenses 3,070 2,915
41,221 52,791

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 950 220

RD & TD SWINNERTON & SONS LTD (REGISTERED NUMBER: 06056294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2023 220
Charge to Income Statement during year 730
Balance at 31 January 2024 950

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
T D Swinnerton
Balance outstanding at start of year 9,386 (313 )
Amounts advanced 52,835 30,916
Amounts repaid (35,043 ) (21,217 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,178 9,386

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr TD Swinnerton (Director) who hold 70% of ordinary A issued share capital.