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REGISTERED NUMBER: 04325606 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

Executive Hire SW Limited

Executive Hire SW Limited (Registered number: 04325606)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Executive Hire SW Limited

COMPANY INFORMATION
for the year ended 31 March 2024







Directors: A Wheeler
Mrs N Wheeler





Secretary: Mrs N Wheeler





Registered office: 32 Burnett Road
Crownhill
Plymouth
Devon
PL6 5BH





Registered number: 04325606 (England and Wales)





Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY

Executive Hire SW Limited (Registered number: 04325606)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 269,286 246,421
269,286 246,421

Current assets
Debtors 6 79,121 102,584
Cash at bank and in hand 127,062 176,247
206,183 278,831
Creditors
Amounts falling due within one year 7 74,311 89,878
Net current assets 131,872 188,953
Total assets less current liabilities 401,158 435,374

Creditors
Amounts falling due after more than one
year

8

42,025

36,726
Net assets 359,133 398,648

Capital and reserves
Called up share capital 10 100 100
Retained earnings 359,033 398,548
Shareholders' funds 359,133 398,648

Executive Hire SW Limited (Registered number: 04325606)

BALANCE SHEET - continued
31 March 2024


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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





A Wheeler - Director


Executive Hire SW Limited (Registered number: 04325606)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Executive Hire SW 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 is measured at the fair value of the consideration receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services recognised at the point of completing the contract.

Goodwill
Goodwill is being written off in equal annual instalments over the directors estimate of its useful economic life of between 3 and 5 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 as follows:

Fixtures and fittings20% reducing balance
Motor vehicles25% reducing balance
Freehold property1% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.


Executive Hire SW Limited (Registered number: 04325606)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 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.

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

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 April 2023
and 31 March 2024 (168,999 )
Amortisation
At 1 April 2023
and 31 March 2024 (168,999 )
Net book value
At 31 March 2024 -
At 31 March 2023 -

Executive Hire SW Limited (Registered number: 04325606)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
Cost
At 1 April 2023 204,580 1,308 275,807 481,695
Additions - - 49,999 49,999
Disposals (29,024 ) - (27,500 ) (56,524 )
At 31 March 2024 175,556 1,308 298,306 475,170
Depreciation
At 1 April 2023 30,780 262 204,232 235,274
Charge for year 1,738 209 25,184 27,131
Eliminated on disposal (29,024 ) - (27,497 ) (56,521 )
At 31 March 2024 3,494 471 201,919 205,884
Net book value
At 31 March 2024 172,062 837 96,387 269,286
At 31 March 2023 173,800 1,046 71,575 246,421

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 54,179 64,055
Other debtors 24,942 38,529
79,121 102,584

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,559 3,560
Hire purchase contracts 26,925 16,365
Trade creditors 6,459 21,812
Taxation and social security 34,030 45,828
Other creditors 3,338 2,313
74,311 89,878

Executive Hire SW Limited (Registered number: 04325606)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,825 8,559
Hire purchase contracts 37,200 28,167
42,025 36,726

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 64,125 44,532

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed the following amounts from related parties:

A Wheeler Director and shareholder £10,521
Mrs N Wheeler Director and shareholder £10,521


No interest is payable on overdrawn amounts.

12. ULTIMATE CONTROLLING PARTY

The controlling party is A Wheeler.