IRIS Accounts Production v24.3.0.553 06128236 director 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh061282362023-03-31061282362024-03-31061282362023-04-012024-03-31061282362022-03-31061282362022-04-012023-03-31061282362023-03-3106128236ns15:EnglandWales2023-04-012024-03-3106128236ns14:PoundSterling2023-04-012024-03-3106128236ns10:Director12023-04-012024-03-3106128236ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106128236ns10:SmallEntities2023-04-012024-03-3106128236ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106128236ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106128236ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106128236ns10:FullAccounts2023-04-012024-03-310612823612023-04-012024-03-3106128236ns10:CompanySecretary12023-04-012024-03-3106128236ns10:RegisteredOffice2023-04-012024-03-3106128236ns5:CurrentFinancialInstruments2024-03-3106128236ns5:CurrentFinancialInstruments2023-03-3106128236ns5:ShareCapital2024-03-3106128236ns5:ShareCapital2023-03-3106128236ns5:RetainedEarningsAccumulatedLosses2024-03-3106128236ns5:RetainedEarningsAccumulatedLosses2023-03-3106128236ns5:NetGoodwill2023-04-012024-03-3106128236ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106128236ns5:ShortLeaseholdAssetsns5:LandBuildings2023-04-012024-03-3106128236ns5:LeaseholdImprovements2023-04-012024-03-3106128236ns5:PlantMachinery2023-04-012024-03-3106128236ns5:FurnitureFittings2023-04-012024-03-3106128236ns5:MotorVehicles2023-04-012024-03-3106128236ns5:ComputerEquipment2023-04-012024-03-3106128236ns5:NetGoodwill2023-03-3106128236ns5:NetGoodwill2024-03-3106128236ns5:NetGoodwill2023-03-3106128236ns5:ShortLeaseholdAssetsns5:LandBuildings2023-03-3106128236ns5:LeaseholdImprovements2023-03-3106128236ns5:PlantMachinery2023-03-3106128236ns5:ShortLeaseholdAssetsns5:LandBuildings2024-03-3106128236ns5:LeaseholdImprovements2024-03-3106128236ns5:PlantMachinery2024-03-3106128236ns5:ShortLeaseholdAssetsns5:LandBuildings2023-03-3106128236ns5:LeaseholdImprovements2023-03-3106128236ns5:PlantMachinery2023-03-3106128236ns5:FurnitureFittings2023-03-3106128236ns5:MotorVehicles2023-03-3106128236ns5:ComputerEquipment2023-03-3106128236ns5:FurnitureFittings2024-03-3106128236ns5:MotorVehicles2024-03-3106128236ns5:ComputerEquipment2024-03-3106128236ns5:FurnitureFittings2023-03-3106128236ns5:MotorVehicles2023-03-3106128236ns5:ComputerEquipment2023-03-3106128236ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106128236ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31061282361ns10:Director12023-03-31061282361ns10:Director12022-03-31061282361ns10:Director12023-04-012024-03-31061282361ns10:Director12022-04-012023-03-31061282361ns10:Director12024-03-31061282361ns10:Director12023-03-31
REGISTERED NUMBER: 06128236 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SOUTH WEST TILING CONTRACTORS LIMITED

SOUTH WEST TILING CONTRACTORS LIMITED (REGISTERED NUMBER: 06128236)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOUTH WEST TILING CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: J R Saunders





SECRETARY: S K Saunders





REGISTERED OFFICE: Brimps House
Upton Hill
Upton St Leonards
Gloucester
Gloucestershire
GL4 8DE





REGISTERED NUMBER: 06128236 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

SOUTH WEST TILING CONTRACTORS LIMITED (REGISTERED NUMBER: 06128236)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 178,937 106,563
178,937 106,563

CURRENT ASSETS
Stocks 6 14,231 19,433
Debtors 7 468,754 377,318
Cash at bank 246,526 200,888
729,511 597,639
CREDITORS
Amounts falling due within one year 8 217,894 177,347
NET CURRENT ASSETS 511,617 420,292
TOTAL ASSETS LESS CURRENT
LIABILITIES

690,554

526,855

PROVISIONS FOR LIABILITIES 17,765 17,711
NET ASSETS 672,789 509,144

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 672,689 509,044
SHAREHOLDERS' FUNDS 672,789 509,144

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SOUTH WEST TILING CONTRACTORS LIMITED (REGISTERED NUMBER: 06128236)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 December 2024 and were signed by:





J R Saunders - Director


SOUTH WEST TILING CONTRACTORS LIMITED (REGISTERED NUMBER: 06128236)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

South West Tiling Contractors 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.

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 2007 has been fully amortised over its estimated useful life.

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.
Short leasehold - Straight line over 20 years
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance and 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Going concern
The directors have considered the risks and issues concerning the company and its activities and no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern have been identified by the directors.

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

SOUTH WEST TILING CONTRACTORS LIMITED (REGISTERED NUMBER: 06128236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 35,000
AMORTISATION
At 1 April 2023
and 31 March 2024 35,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 April 2023 10,433 35,542 39,774
Additions - 92,352 7,313
At 31 March 2024 10,433 127,894 47,087
DEPRECIATION
At 1 April 2023 6,263 3,594 16,680
Charge for year 522 9,139 5,683
At 31 March 2024 6,785 12,733 22,363
NET BOOK VALUE
At 31 March 2024 3,648 115,161 24,724
At 31 March 2023 4,170 31,948 23,094

SOUTH WEST TILING CONTRACTORS LIMITED (REGISTERED NUMBER: 06128236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 625 73,456 707 160,537
Additions - - - 99,665
At 31 March 2024 625 73,456 707 260,202
DEPRECIATION
At 1 April 2023 520 26,684 233 53,974
Charge for year 21 11,693 233 27,291
At 31 March 2024 541 38,377 466 81,265
NET BOOK VALUE
At 31 March 2024 84 35,079 241 178,937
At 31 March 2023 105 46,772 474 106,563

6. STOCKS
2024 2023
£    £   
Stocks 14,231 9,130
Work-in-progress - 10,303
14,231 19,433

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 381,074 372,240
Other debtors 68,936 3,265
Directors' loan accounts 5,908 -
VAT - 1,813
Prepayments 12,836 -
468,754 377,318

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 84,167 89,278
Corporation Tax 106,321 68,004
Social security and other taxes 6,982 13,090
VAT 5,408 -
Other creditors 2,131 2,964
Directors' loan accounts - 26
Accrued expenses 12,885 3,985
217,894 177,347

SOUTH WEST TILING CONTRACTORS LIMITED (REGISTERED NUMBER: 06128236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. TRANSACTIONS WITH DIRECTOR

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
J R Saunders
Balance outstanding at start of year (26 ) 61,330
Amounts advanced 230,146 180,141
Amounts repaid (224,212 ) (241,497 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,908 (26 )

The directors' loan does not attract interest and there are no set repayment terms.