IRIS Accounts Production v24.2.0.383 07522614 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075226142023-03-31075226142024-03-31075226142023-04-012024-03-31075226142022-03-31075226142022-04-012023-03-31075226142023-03-3107522614ns15:EnglandWales2023-04-012024-03-3107522614ns14:PoundSterling2023-04-012024-03-3107522614ns10:Director12023-04-012024-03-3107522614ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107522614ns10:SmallEntities2023-04-012024-03-3107522614ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107522614ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107522614ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107522614ns10:FullAccounts2023-04-012024-03-3107522614ns10:Director22023-04-012024-03-3107522614ns10:RegisteredOffice2023-04-012024-03-3107522614ns5:CurrentFinancialInstruments2024-03-3107522614ns5:CurrentFinancialInstruments2023-03-3107522614ns5:ShareCapital2024-03-3107522614ns5:ShareCapital2023-03-3107522614ns5:RetainedEarningsAccumulatedLosses2024-03-3107522614ns5:RetainedEarningsAccumulatedLosses2023-03-3107522614ns5:PlantMachinery2023-04-012024-03-3107522614ns5:FurnitureFittings2023-04-012024-03-3107522614ns5:ComputerEquipment2023-04-012024-03-3107522614ns5:PlantMachinery2023-03-3107522614ns5:FurnitureFittings2023-03-3107522614ns5:ComputerEquipment2023-03-3107522614ns5:PlantMachinery2024-03-3107522614ns5:FurnitureFittings2024-03-3107522614ns5:ComputerEquipment2024-03-3107522614ns5:PlantMachinery2023-03-3107522614ns5:FurnitureFittings2023-03-3107522614ns5:ComputerEquipment2023-03-3107522614ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3107522614ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 07522614 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

S-W Marine Limited

S-W Marine Limited (Registered number: 07522614)






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


S-W Marine Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S P White
Mrs E M White





REGISTERED OFFICE: 4 Southleigh Garth
Leeds
West Yorkshire
LS11 5XJ





REGISTERED NUMBER: 07522614 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

S-W Marine Limited (Registered number: 07522614)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 385

CURRENT ASSETS
Debtors 5 2,507 10,206
Cash at bank 66,468 37,146
68,975 47,352
CREDITORS
Amounts falling due within one year 6 39,191 27,230
NET CURRENT ASSETS 29,784 20,122
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,784

20,507

PROVISIONS FOR LIABILITIES - 73
NET ASSETS 29,784 20,434

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,684 20,334
SHAREHOLDERS' FUNDS 29,784 20,434

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.

S-W Marine Limited (Registered number: 07522614)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:





S P White - Director


S-W Marine Limited (Registered number: 07522614)

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

1. STATUTORY INFORMATION

S-W Marine Limited 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 comprises the value of sales (excluding any taxes and trade discounts) of services provided in the normal course of business. Revenue is recognised once a job has been completed and signed off by the customer.

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 - 15% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost, derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

S-W Marine Limited (Registered number: 07522614)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 150 300 1,612 2,062
DEPRECIATION
At 1 April 2023 150 300 1,227 1,677
Charge for year - - 385 385
At 31 March 2024 150 300 1,612 2,062
NET BOOK VALUE
At 31 March 2024 - - - -
At 31 March 2023 - - 385 385

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,507 10,206

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 5,081 6,608
Other creditors 34,110 20,622
39,191 27,230