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REGISTERED NUMBER: 07185709 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 29 February 2024

for

S.H.W. Property Services Ltd

S.H.W. Property Services Ltd (Registered number: 07185709)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


S.H.W. Property Services Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: A J Walshe
Mrs J Walshe





REGISTERED OFFICE: 8 King Street
Hereford
Herefordshire
HR4 9BW





REGISTERED NUMBER: 07185709 (England and Wales)





ACCOUNTANTS: Thorne Widgery Accountancy Ltd
Chartered Accountants
2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS

S.H.W. Property Services Ltd (Registered number: 07185709)

Abridged Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,714 8,092
9,714 8,092

CURRENT ASSETS
Debtors 260,407 282,689
Cash at bank 135,839 172,738
396,246 455,427
CREDITORS
Amounts falling due within one year (72,127 ) (89,281 )
NET CURRENT ASSETS 324,119 366,146
TOTAL ASSETS LESS CURRENT LIABILITIES 333,833 374,238

PROVISIONS FOR LIABILITIES (1,846 ) (1,537 )
NET ASSETS 331,987 372,701

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 331,887 372,601
SHAREHOLDERS' FUNDS 331,987 372,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.H.W. Property Services Ltd (Registered number: 07185709)

Abridged Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 November 2024 and were signed on its behalf by:





A J Walshe - Director


S.H.W. Property Services Ltd (Registered number: 07185709)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

S.H.W. Property Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2016, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery - 20% reducing balance
Computer equipment - 33.3% on reducing balance

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

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

S.H.W. Property Services Ltd (Registered number: 07185709)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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

Government grants
Government grants are recognised using the accruals model and are recognised in profit or loss on a systematic basis over the periods in which the company recognises as expenses the related costs for which the grants are intended to compensate. Government grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs are recognised in profit or loss in the period in which they become receivable.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023
and 29 February 2024 19,934
AMORTISATION
At 1 March 2023
and 29 February 2024 19,934
NET BOOK VALUE

At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 30,652
Additions 5,422
At 29 February 2024 36,074
DEPRECIATION
At 1 March 2023 22,560
Charge for year 3,800
At 29 February 2024 26,360
NET BOOK VALUE
At 29 February 2024 9,714
At 28 February 2023 8,092