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Company Registration No. 07330042 (England and Wales)
South Wales Removals Ltd Unaudited accounts for the year ended 31 July 2024
South Wales Removals Ltd Unaudited accounts Contents
Page
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South Wales Removals Ltd Company Information for the year ended 31 July 2024
Director
Mr Michael Passmore
Company Number
07330042 (England and Wales)
Registered Office
Unit 12 North Pontypool Ind. Estate Pontypool Torfaen NP4 6PB UK
Accountants
XAU Accountancy 41 Brynglas Hollybush Cwmbran Torfaen NP44 7LH
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South Wales Removals Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
574 
- 
Tangible assets
41,224 
27,339 
41,798 
27,339 
Current assets
Cash at bank and in hand
7,940 
16,779 
Creditors: amounts falling due within one year
(3,295)
(5,729)
Net current assets
4,645 
11,050 
Total assets less current liabilities
46,443 
38,389 
Creditors: amounts falling due after more than one year
(25,057)
(19,280)
Net assets
21,386 
19,109 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
21,286 
19,009 
Shareholders' funds
21,386 
19,109 
For the year ending 31 July 2024 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 director acknowledges his 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 and authorised for issue on 31 October 2024 and were signed on its behalf by
Mr Michael Passmore Director Company Registration No. 07330042
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South Wales Removals Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
South Wales Removals Ltd is a private company, limited by shares, registered in England and Wales, registration number 07330042. The registered office is Unit 12, North Pontypool Ind. Estate, Pontypool, Torfaen, NP4 6PB, UK.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Other Operating Income
Other Operating Income includes £14,268 received in relation to the supply of client storage facility services.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 August 2023
- 
Additions
599 
At 31 July 2024
599 
Amortisation
At 1 August 2023
- 
Charge for the year
25 
At 31 July 2024
25 
Net book value
At 31 July 2024
574 
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South Wales Removals Ltd Notes to the Accounts for the year ended 31 July 2024
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
35,995 
8,650 
363 
45,008 
Additions
26,990 
- 
- 
26,990 
Disposals
(5,200)
- 
- 
(5,200)
At 31 July 2024
57,785 
8,650 
363 
66,798 
Depreciation
At 1 August 2023
13,919 
3,460 
290 
17,669 
Charge for the year
7,142 
1,730 
73 
8,945 
On disposals
(1,040)
- 
- 
(1,040)
At 31 July 2024
20,021 
5,190 
363 
25,574 
Net book value
At 31 July 2024
37,764 
3,460 
- 
41,224 
At 31 July 2023
22,076 
5,190 
73 
27,339 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(1,646)
- 
Taxes and social security
3,079 
4,898 
Loans from directors
1,087 
56 
Accruals
775 
775 
3,295 
5,729 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,982 
5,833 
Obligations under finance leases and hire purchase contracts
21,075 
13,447 
25,057 
19,280 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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