SWANSEA SERVICES LTD

Company Registration Number:
14071468 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

SWANSEA SERVICES LTD

Contents of the Financial Statements

for the Period Ended 30 April 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SWANSEA SERVICES LTD

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 25,045,630 22,045,831
Cost of sales: ( 20,923,870 ) ( 18,559,943 )
Gross profit(or loss): 4,121,760 3,485,888
Distribution costs: ( 560,974 ) ( 281,439 )
Administrative expenses: ( 535,954 ) ( 374,461 )
Operating profit(or loss): 3,024,832 2,829,988
Profit(or loss) before tax: 3,024,832 2,829,988
Profit(or loss) for the financial year: 3,024,832 2,829,988

SWANSEA SERVICES LTD

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Called up share capital not paid: 5,000 4,500
Fixed assets
Intangible assets: 3 310,520 267,852
Tangible assets: 4 3,153,365 3,051,925
Investments: 5 225,430 140,431
Total fixed assets: 3,689,315 3,460,208
Current assets
Stocks: 6 225,890 386,478
Debtors: 7 630,221 567,831
Cash at bank and in hand: 301,450 256,749
Investments:   0 0
Total current assets: 1,157,561 1,211,058
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 8 ( 95,651 ) ( 72,500 )
Net current assets (liabilities): 1,061,910 1,138,558
Total assets less current liabilities: 4,756,225 4,603,266
Creditors: amounts falling due after more than one year: 9 ( 130,588 ) ( 146,000 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 4,625,637 4,457,266
Capital and reserves
Called up share capital: 5,000 5,000
Share premium account: 0 0
Other reserves: 1,595,805 1,622,278
Profit and loss account: 3,024,832 2,829,988
Total Shareholders' funds: 4,625,637 4,457,266

The notes form part of these financial statements

SWANSEA SERVICES LTD

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 21 January 2025
and signed on behalf of the board by:

Name: Sabir Hussain
Status: Director

The notes form part of these financial statements

SWANSEA SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue from maintenance contract is recognised over the term of the agreement in line with the economic benefits of tranctions.

    Tangible fixed assets depreciation policy

    Assets should be depreciated at 20% Reducing Balance Method.

    Other accounting policies

    These financial statements have been prepared in accordance with the provisions of Section l A (Small Entities) of Financial Reporting Standards 102.

SWANSEA SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 28 21

SWANSEA SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 May 2023 267,852 0 267,852
Additions 42,668 0 42,668
Disposals 0 0 0
Revaluations 0 0 0
Transfers 0 0 0
At 30 April 2024 310,520 0 310,520
Amortisation
At 1 May 2023 0 0 0
Charge for year 0 0 0
On disposals 0 0 0
Other adjustments 0 0 0
At 30 April 2024 0 0 0
Net book value
At 30 April 2024 310,520 0 310,520
At 30 April 2023 267,852 0 267,852

SWANSEA SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 1,534,897 171,233 577,531 455,388 312,876 3,051,925
Additions 25,430 20,340 55,670 0 0 101,440
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 30 April 2024 1,560,327 191,573 633,201 455,388 312,876 3,153,365
Depreciation
At 1 May 2023 0 0 0 0 0 0
Charge for year 0 0 0 0 0 0
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 30 April 2024 0 0 0 0 0 0
Net book value
At 30 April 2024 1,560,327 191,573 633,201 455,388 312,876 3,153,365
At 30 April 2023 1,534,897 171,233 577,531 455,388 312,876 3,051,925

SWANSEA SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Fixed assets investments note

Computers, Scanners, Printers, Mobiles, Furniture, Fans, Heater, Air Conditioner, Car, Soft Switches.

SWANSEA SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Stocks

2024 2023
£ £
Stocks 225,890 386,478
Total 225,890 386,478

SWANSEA SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

7. Debtors

2024 2023
£ £
Trade debtors 630,221 567,831
Total 630,221 567,831

SWANSEA SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

8. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 95,651 72,500
Total 95,651 72,500

SWANSEA SERVICES LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

9. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 130,588 146,000
Total 130,588 146,000