IRIS Accounts Production v24.3.0.553 14688726 Board of Directors Board of Directors 25.2.23 28.2.24 28.2.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh146887262023-02-24146887262024-02-28146887262023-02-252024-02-28146887262023-02-2414688726ns15:EnglandWales2023-02-252024-02-2814688726ns14:PoundSterling2023-02-252024-02-2814688726ns10:Director12023-02-252024-02-2814688726ns10:Director22023-02-252024-02-2814688726ns10:PrivateLimitedCompanyLtd2023-02-252024-02-2814688726ns10:SmallEntities2023-02-252024-02-2814688726ns10:AuditExempt-NoAccountantsReport2023-02-252024-02-2814688726ns10:SmallCompaniesRegimeForDirectorsReport2023-02-252024-02-2814688726ns10:SmallCompaniesRegimeForAccounts2023-02-252024-02-2814688726ns10:FullAccounts2023-02-252024-02-2814688726ns10:RegisteredOffice2023-02-252024-02-2814688726ns5:CurrentFinancialInstruments2024-02-2814688726ns5:ShareCapital2024-02-2814688726ns5:RetainedEarningsAccumulatedLosses2024-02-2814688726ns5:PlantMachinery2023-02-252024-02-2814688726ns5:PlantMachinery2024-02-2814688726ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-28
REGISTERED NUMBER: 14688726 (England and Wales)















Financial Statements

For The Period 25 February 2023 to 28 February 2024

for

Swk Solutions (Nw) Limited

Swk Solutions (Nw) Limited (Registered number: 14688726)






Contents of the Financial Statements
For The Period 25 February 2023 to 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Swk Solutions (Nw) Limited

Company Information
For The Period 25 February 2023 to 28 February 2024







DIRECTORS: K A Armstrong
S W Shiers





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 14688726 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Swk Solutions (Nw) Limited (Registered number: 14688726)

Balance Sheet
28 February 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 13,875

CURRENT ASSETS
Debtors 5 47,300
Cash at bank 21,341
68,641
CREDITORS
Amounts falling due within one year 6 30,710
NET CURRENT ASSETS 37,931
TOTAL ASSETS LESS CURRENT LIABILITIES 51,806

PROVISIONS FOR LIABILITIES 2,708
NET ASSETS 49,098

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings 49,096
49,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 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.

Swk Solutions (Nw) Limited (Registered number: 14688726)

Balance Sheet - continued
28 February 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 20 November 2024 and were signed on its behalf by:




K A Armstrong - Director



S W Shiers - Director


Swk Solutions (Nw) Limited (Registered number: 14688726)

Notes to the Financial Statements
For The Period 25 February 2023 to 28 February 2024

1. STATUTORY INFORMATION

Swk Solutions (Nw) 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.

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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received for electrical services excluding value added tax. Turnover is recognised on the completion of the service.

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 etc - 25% on reducing balance

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Taxation
Taxation for the period 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.


Swk Solutions (Nw) Limited (Registered number: 14688726)

Notes to the Financial Statements - continued
For The Period 25 February 2023 to 28 February 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 period 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 period was NIL.

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 18,500
At 28 February 2024 18,500
DEPRECIATION
Charge for period 4,625
At 28 February 2024 4,625
NET BOOK VALUE
At 28 February 2024 13,875

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 1,080
Other debtors 46,220
47,300

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 7,582
Taxation and social security 11,609
Other creditors 11,519
30,710

Swk Solutions (Nw) Limited (Registered number: 14688726)

Notes to the Financial Statements - continued
For The Period 25 February 2023 to 28 February 2024

7. TRANSACTIONS WITH DIRECTORS

During the year under review the director, Mr S Shiers, operated an account to which transactions of a private nature were charged. At the balance sheet date, included in other debtors, is £12,288 which is owed by the director to the company. Interest has been charged on the loan at a rate of 2.25%.

During the year under review the director, Mr K Armstrong, operated an account to which transactions of a private nature were charged. At the balance sheet date, included in other debtors, is £12,288 which is owed by the director to the company. Interest has been charged on the loan at a rate of 2.25%.