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
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
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
SW PERFORMANCE LTD
Statement of financial position
as at 29 February 2024
Tangible assets
47,183
67,480
Cash at bank and in hand
1,018,945
1,003,854
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
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
SW PERFORMANCE LTD
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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
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
At 29 February 2024
44,987
750
1,446
47,183
At 28 February 2023
67,481
-
(1)
67,480
Amounts falling due within one year
Other debtors
426,050
215,871
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
262,617
151,868
Other creditors
15,686
87,886
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
SW PERFORMANCE LTD
Notes to the Accounts
for the year ended 29 February 2024
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).