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
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
South Wales Removals Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
41,224
27,339
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)
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
South Wales Removals Ltd
Notes to the Accounts
for the year ended 31 July 2024
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 includes £14,268 received in relation to the supply of client storage facility services.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Other
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
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
At 31 July 2024
37,764
3,460
-
41,224
At 31 July 2023
22,076
5,190
73
27,339
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Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,079
4,898
Loans from directors
1,087
56
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
21,075
13,447
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Average number of employees
During the year the average number of employees was 2 (2023: 2).