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Company Registration No. 11849747 (England and Wales)
SW PERFORMANCE LTD Unaudited accounts for the year ended 29 February 2024
SW PERFORMANCE LTD Unaudited accounts Contents
Page
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SW PERFORMANCE LTD Company Information for the year ended 29 February 2024
Director
Simon David Waterson
Company Number
11849747 (England and Wales)
Registered Office
C/o, UNIT 1.21, BARKING E CENTRE, 50 CAMBRIDGE ROAD BARKING IG11 8FG ENGLAND
Accountants
Cooper Harland Limited Unit 1.21, Barking Enterprise Centre 50 Cambridge Road Barking Essex IG11 8FG
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SW PERFORMANCE LTD for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SW PERFORMANCE LTD for the year ended 29 February 2024 as set out on pages 5 - 8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of SW PERFORMANCE LTD, as a body, in accordance with the terms of our engagement letter dated 1 March 2023. Our work has been undertaken solely to prepare for your approval the accounts of SW PERFORMANCE LTD and state those matters that we have agreed to state to the Board of Directors of SW PERFORMANCE LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SW PERFORMANCE LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SW PERFORMANCE LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SW PERFORMANCE LTD. You consider that SW PERFORMANCE LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SW PERFORMANCE LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Cooper Harland Limited Chartered Certified Accountants Unit 1.21, Barking Enterprise Centre 50 Cambridge Road Barking Essex IG11 8FG 19 November 2024
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SW PERFORMANCE LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
47,183 
67,480 
Current assets
Debtors
451,937 
235,515 
Cash at bank and in hand
1,018,945 
1,003,854 
1,470,882 
1,239,369 
Creditors: amounts falling due within one year
(587,119)
(676,573)
Net current assets
883,763 
562,796 
Total assets less current liabilities
930,946 
630,276 
Creditors: amounts falling due after more than one year
(56,189)
(69,814)
Net assets
874,757 
560,462 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
874,657 
560,362 
Shareholders' funds
874,757 
560,462 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 November 2024 and were signed on its behalf by
Simon David Waterson Director Company Registration No. 11849747
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SW PERFORMANCE LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
SW PERFORMANCE LTD is a private company, limited by shares, registered in England and Wales, registration number 11849747. The registered office is C/o, UNIT 1.21, BARKING E, CENTRE, 50 CAMBRIDGE ROAD, BARKING, IG11 8FG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
33%
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SW PERFORMANCE LTD Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
89,975 
1,000 
1,250 
92,225 
Additions
- 
1,000 
2,160 
3,160 
Disposals
- 
(1,000)
(1,250)
(2,250)
At 29 February 2024
89,975 
1,000 
2,160 
93,135 
Depreciation
At 1 March 2023
22,494 
1,000 
1,251 
24,745 
Charge for the year
22,494 
250 
713 
23,457 
On disposals
- 
(1,000)
(1,250)
(2,250)
At 29 February 2024
44,988 
250 
714 
45,952 
Net book value
At 29 February 2024
44,987 
750 
1,446 
47,183 
At 28 February 2023
67,481 
- 
(1)
67,480 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
25,887 
19,644 
Other debtors
426,050 
215,871 
451,937 
235,515 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
190,552 
195,655 
Trade creditors
27,100 
- 
Taxes and social security
262,617 
151,868 
Other creditors
15,686 
87,886 
Accruals
91,164 
241,164 
587,119 
676,573 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
56,189 
- 
Other creditors
- 
69,814 
56,189 
69,814 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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SW PERFORMANCE LTD Notes to the Accounts for the year ended 29 February 2024
9
Loans to directors
The Director, Simon David Waterson, controls the company as a result of controlling directly 100% of the issued share capital.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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