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Company Registration No. 12629130 (England and Wales)
SFWR Ltd Unaudited accounts for the year ended 31 May 2024
SFWR Ltd Unaudited accounts Contents
Page
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SFWR Ltd Company Information for the year ended 31 May 2024
Directors
P Murphy G Ashe
Company Number
12629130 (England and Wales)
Registered Office
Unit Z2 Mackleys Industrial Estate Henfield Road, Small Dole Henfield BN5 9XR
Accountants
Flamingo Accounting Limited Unit 3 Northam Business Centre Princes Street Southampton United Kingdom SO14 5RP
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SFWR Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
19,060 
- 
Tangible assets
40,632 
59,958 
59,692 
59,958 
Current assets
Debtors
111,777 
163,612 
Cash at bank and in hand
91,751 
62,638 
203,528 
226,250 
Creditors: amounts falling due within one year
(239,417)
(146,719)
Net current (liabilities)/assets
(35,889)
79,531 
Total assets less current liabilities
23,803 
139,489 
Creditors: amounts falling due after more than one year
(13,331)
(18,330)
Provisions for liabilities
Deferred tax
(10,157)
(14,989)
Net assets
315 
106,170 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
115 
105,970 
Shareholders' funds
315 
106,170 
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by
P Murphy Director Company Registration No. 12629130
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SFWR Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
SFWR Ltd is a private company, limited by shares, registered in England and Wales, registration number 12629130. The registered office and principal place of business is Unit Z2 Mackleys Industrial Estate, Henfield Road, Small Dole, Henfield, BN5 9XR.
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.
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:
Plant & machinery
4 years - straight line
Motor vehicles
4 years - straight line
Computer equipment
3 years - straight line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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SFWR Ltd Notes to the Accounts for the year ended 31 May 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2023
- 
Additions
21,250 
At 31 May 2024
21,250 
Amortisation
At 1 June 2023
- 
Charge for the year
2,190 
At 31 May 2024
2,190 
Net book value
At 31 May 2024
19,060 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
9,337 
71,280 
448 
81,065 
Additions
- 
- 
1,132 
1,132 
At 31 May 2024
9,337 
71,280 
1,580 
82,197 
Depreciation
At 1 June 2023
3,280 
17,768 
59 
21,107 
Charge for the year
2,334 
17,820 
304 
20,458 
At 31 May 2024
5,614 
35,588 
363 
41,565 
Net book value
At 31 May 2024
3,723 
35,692 
1,217 
40,632 
At 31 May 2023
6,057 
53,512 
389 
59,958 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
28,248 
23,736 
Trade debtors
16,349 
37,305 
Amounts due from group undertakings etc.
26,553 
23,353 
Other debtors
40,627 
79,218 
111,777 
163,612 
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SFWR Ltd Notes to the Accounts for the year ended 31 May 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
663 
- 
Trade creditors
178,270 
90,115 
Taxes and social security
87,434 
51,867 
Other creditors
373 
3,537 
Loans from directors
(28,523)
- 
Accruals
1,200 
1,200 
239,417 
146,719 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
13,331 
18,330 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
180 Ordinary A shares of £1 each
180 
180 
20 Ordinary b shares of £1 each
20 
20 
200 
200 
10
Transactions with related parties
As at the year end £26,553.48 (2023: £23,353.48) was owed to the company by PTM Construction, a business controlled by the director, Mr P Murphy.
11
Average number of employees
During the year the average number of employees was 21 (2023: 8).
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