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REGISTERED NUMBER: 04292593 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

S & W DEVELOPMENTS LIMITED

S & W DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04292593)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


S & W DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: A Steel
B Williams





SECRETARY: A Steel





REGISTERED OFFICE: 67 Church Street
Bentley
Doncaster
South Yorkshire
DN5 0BE





REGISTERED NUMBER: 04292593 (England and Wales)





ACCOUNTANTS: Leesing Marrison Lee & Co
Chartered Certified Accountants
46 Main Street
Mexborough
South Yorkshire
S64 9DU

S & W DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04292593)

BALANCE SHEET
30TH JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,678 17,098

CURRENT ASSETS
Stocks 6,000 6,000
Debtors 5 8,537 39,199
Cash at bank 7,212 4,229
21,749 49,428
CREDITORS
Amounts falling due within one year 6 16,279 19,560
NET CURRENT ASSETS 5,470 29,868
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,148

46,966

CREDITORS
Amounts falling due after more than one year 7 (31,972 ) (40,608 )

PROVISIONS FOR LIABILITIES (3,187 ) (3,249 )
NET (LIABILITIES)/ASSETS (16,011 ) 3,109

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 9 (17,011 ) 2,109
SHAREHOLDERS' FUNDS (16,011 ) 3,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

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 29th January 2025 and were signed on its behalf by:



B Williams - Director


S & W DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04292593)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

S & W Developments 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.

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.

The accounts have been prepared on a going concern basis which assumes the continuing support of the directors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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.

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 year 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

S & W DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04292593)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st July 2023
and 30th June 2024 726 39,926 1,662 42,314
DEPRECIATION
At 1st July 2023 695 22,888 1,633 25,216
Charge for year 3 3,408 9 3,420
At 30th June 2024 698 26,296 1,642 28,636
NET BOOK VALUE
At 30th June 2024 28 13,630 20 13,678
At 30th June 2023 31 17,038 29 17,098

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 8,537 35,873
Other debtors - 3,326
8,537 39,199

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 6,253 6,253
Hire purchase contracts 2,383 2,600
Trade creditors 1,058 1,571
Taxation and social security 4,385 7,043
Other creditors 2,200 2,093
16,279 19,560

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 31,972 38,225
Hire purchase contracts - 2,383
31,972 40,608

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,963 13,216

S & W DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04292593)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   

Bank borrowings are secured by directors' personal guarantee.

9. RESERVES
Retained
earnings
£   

At 1st July 2023 2,109
Profit for the year 5,880
Dividends (25,000 )
At 30th June 2024 (17,011 )

10. ULTIMATE CONTROLLING PARTY

The directors owning the entire issued share capital exercise control over the company.