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REGISTERED NUMBER: 14223055 (England and Wales)

























Unaudited Financial Statements for the Year Ended 31 March 2024

for

South West Trux Ltd

South West Trux Ltd (Registered number: 14223055)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


South West Trux Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M R Breddy
Mrs E Breddy





REGISTERED OFFICE: The Mews Hounds Road
Chipping Sodbury
Bristol
BS37 6EE





BUSINESS ADDRESS: 10 The Grove
Rangeworthy
Bristol
BS37 9PY





REGISTERED NUMBER: 14223055 (England and Wales)





ACCOUNTANTS: Dolman's Chartered Accountants
The Mews
Hounds Road
Chipping Sodbury
Bristol
BS37 6EE

South West Trux Ltd (Registered number: 14223055)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,200 21,600
Tangible assets 5 13,089 5,378
32,289 26,978

CURRENT ASSETS
Stocks 7,000 -
Debtors 6 35,432 41,281
Cash at bank 8,819 32,015
51,251 73,296
CREDITORS
Amounts falling due within one year 7 73,047 84,364
NET CURRENT LIABILITIES (21,796 ) (11,068 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,493

15,910

CREDITORS
Amounts falling due after more than one
year

8

(6,119

)

-

PROVISIONS FOR LIABILITIES (2,748 ) (1,021 )
NET ASSETS 1,626 14,889

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,526 14,789
SHAREHOLDERS' FUNDS 1,626 14,889

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

South West Trux Ltd (Registered number: 14223055)

Balance Sheet - continued
31 March 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 31 October 2024 and were signed on its behalf by:





M R Breddy - Director


South West Trux Ltd (Registered number: 14223055)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

South West Trux 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

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

South West Trux Ltd (Registered number: 14223055)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 24,000
AMORTISATION
At 1 April 2023 2,400
Charge for year 2,400
At 31 March 2024 4,800
NET BOOK VALUE
At 31 March 2024 19,200
At 31 March 2023 21,600

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 6,453
Additions 12,075
At 31 March 2024 18,528
DEPRECIATION
At 1 April 2023 1,075
Charge for year 4,364
At 31 March 2024 5,439
NET BOOK VALUE
At 31 March 2024 13,089
At 31 March 2023 5,378

South West Trux Ltd (Registered number: 14223055)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 12,075
At 31 March 2024 12,075
DEPRECIATION
Charge for year 3,019
At 31 March 2024 3,019
NET BOOK VALUE
At 31 March 2024 9,056

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35,432 41,281

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 2,623 -
Trade creditors 41,672 43,360
Taxation and social security 18,279 18,183
Other creditors 10,473 22,821
73,047 84,364

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 6,119 -

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 2,623 -
Between one and five years 6,119 -
8,742 -

South West Trux Ltd (Registered number: 14223055)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 2,057 2,057
Between one and five years 2,914 4,970
4,971 7,027

The above hire purchase contracts are at a market rate of interest. Further interest/fees of £2,821 will be payable on these contracts, of which £846 is due within 1 year.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

2024 2023
£    £   
M R Breddy and Mrs E Breddy
Balance outstanding at start of year (3,963 ) -
Amounts advanced 3,878 -
Amounts repaid - (3,963 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (85 ) (3,963 )

I Bryant and Mrs L Bryant
Balance outstanding at start of year (17,158 ) -
Amounts advanced 11,342 -
Amounts repaid - (17,158 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,816 ) (17,158 )