Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 09994237 Mr Harveer Kambo Mr Harveer Kambo true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09994237 2023-02-28 09994237 2024-02-28 09994237 2023-03-01 2024-02-28 09994237 frs-core:Non-currentFinancialInstruments 2024-02-28 09994237 frs-core:ShareCapital 2024-02-28 09994237 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 09994237 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 09994237 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 09994237 frs-bus:SmallEntities 2023-03-01 2024-02-28 09994237 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 09994237 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 09994237 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-28 09994237 frs-bus:OrdinaryShareClass1 2024-02-28 09994237 1 2023-03-01 2024-02-28 09994237 frs-bus:Director1 2023-03-01 2024-02-28 09994237 frs-countries:EnglandWales 2023-03-01 2024-02-28 09994237 2022-02-28 09994237 2023-02-28 09994237 2022-03-01 2023-02-28 09994237 frs-core:Non-currentFinancialInstruments 2023-02-28 09994237 frs-core:ShareCapital 2023-02-28 09994237 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 09994237 frs-bus:OrdinaryShareClass1 2022-03-01 2023-02-28
Registered number: 09994237
SW LONDON GAS SERVICES LTD
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: 09994237
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 11,058 13,823
11,058 13,823
CURRENT ASSETS
Stocks 94,824 99,325
Debtors 70,456 71,460
Cash at bank and in hand 17,038 23,025
182,318 193,810
Creditors: Amounts Falling Due Within One Year (56,061 ) (71,160 )
NET CURRENT ASSETS (LIABILITIES) 126,257 122,650
TOTAL ASSETS LESS CURRENT LIABILITIES 137,315 136,473
Creditors: Amounts Falling Due After More Than One Year (9,649 ) (13,885 )
NET ASSETS 127,666 122,588
CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and Loss Account 127,665 122,587
SHAREHOLDERS' FUNDS 127,666 122,588
Page 1
Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Harveer Kambo
Director
15th November 2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SW LONDON GAS SERVICES LTD Registered number 09994237 is a limited by shares company incorporated in England & Wales. The Registered Office is 65 Park Road, Hounslow, TW3 2HG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Sales, marketing and distribution 2 2
3 3
4. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
5. Ultimate Controlling Party
The company's ultimate controlling party is Mr Harveer Kambo by virtue of his ownership of 100% of the issued share capital in the company.
Page 3