2024-04-012024-12-312024-12-31false11193146S&W GROUNDWORKS 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S&W GROUNDWORKS LTD

Registered Number
11193146
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2024

S&W GROUNDWORKS LTD
Company Information
for the period from 1 April 2024 to 31 December 2024

Director

BYRNE, Spencer

Registered Address

3 Arrow Court, Adams Way
Springfield Business Park
Alcester
B49 6PU

Registered Number

11193146 (England and Wales)
S&W GROUNDWORKS LTD
Balance Sheet as at
31 December 2024

Notes

31 Dec 2024

31 Mar 2024

£

£

£

£

Fixed assets
Tangible assets345,25232,070
Investments437,50037,500
82,75269,570
Current assets
Debtors460,024319,065
Cash at bank and on hand97,584192
557,608319,257
Creditors amounts falling due within one year5(303,558)(268,265)
Net current assets (liabilities)254,05050,992
Total assets less current liabilities336,802120,562
Creditors amounts falling due after one year6(30,707)(34,562)
Net assets306,09586,000
Capital and reserves
Profit and loss account306,09586,000
Shareholders' funds306,09586,000
The financial statements were approved and authorised for issue by the Director on 4 February 2025, and are signed on its behalf by:
BYRNE, Spencer
Director
Registered Company No. 11193146
S&W GROUNDWORKS LTD
Notes to the Financial Statements
for the period ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery18
Fixtures and fittings18
Vehicles18
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242024
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 April 242,953121,4301,257125,640
Additions-17,4961,09918,595
At 31 December 242,953138,9262,356144,235
Depreciation and impairment
At 01 April 248892,81566793,570
Charge for year3874,9131135,413
At 31 December 2447597,72878098,983
Net book value
At 31 December 242,47841,1981,57645,252
At 31 March 242,86528,61559032,070
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 April 2437,50037,500
At 31 December 2437,50037,500
Net book value
At 31 December 2437,50037,500
At 31 March 2437,50037,500

Notes

1Investments in group undertakings and participating interests
5.Creditors: amounts due within one year

2024

2024

££
Trade creditors / trade payables151,154172,976
Bank borrowings and overdrafts-3,890
Taxation and social security27,45854,274
Other creditors124,94637,125
Total303,558268,265
6.Creditors: amounts due after one year

2024

2024

££
Bank borrowings and overdrafts30,70734,562
Total30,70734,562
7.Obligations under finance leases