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REGISTERED NUMBER: SC392592 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SWES & ASHGROVE LIMITED

SWES & ASHGROVE LIMITED (REGISTERED NUMBER: SC392592)






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


SWES & ASHGROVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S J Wood
Mrs L Wood





SECRETARY:





REGISTERED OFFICE: 278-280 Clifton Road
Aberdeen
AB24 4HP





REGISTERED NUMBER: SC392592 (Scotland)





ACCOUNTANTS: Bon Accord Accountancy Limited
71 Charleston Road North
Cove
Aberdeen
Aberdeenshire
AB12 3SZ

SWES & ASHGROVE LIMITED (REGISTERED NUMBER: SC392592)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 197,006 179,150

CURRENT ASSETS
Debtors 5 182,112 151,376
Cash at bank and in hand 67,379 86,406
249,491 237,782
CREDITORS
Amounts falling due within one year 6 144,485 151,455
NET CURRENT ASSETS 105,006 86,327
TOTAL ASSETS LESS CURRENT
LIABILITIES

302,012

265,477

CREDITORS
Amounts falling due after more than one
year

7

(45,295

)

(46,325

)

PROVISIONS FOR LIABILITIES (15,218 ) (11,825 )
NET ASSETS 241,499 207,327

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 241,497 207,325
SHAREHOLDERS' FUNDS 241,499 207,327

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 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.

SWES & ASHGROVE LIMITED (REGISTERED NUMBER: SC392592)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by:




S J Wood - Director



Mrs L Wood - Director


SWES & ASHGROVE LIMITED (REGISTERED NUMBER: SC392592)

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

1. STATUTORY INFORMATION

SWES & Ashgrove Limited is a private company, limited by shares , registered in Scotland. 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.

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 etc - 33% on cost and 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

SWES & ASHGROVE LIMITED (REGISTERED NUMBER: SC392592)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 116,912 177,786 294,698
Additions - 38,490 38,490
Disposals - (3,088 ) (3,088 )
At 31 March 2024 116,912 213,188 330,100
DEPRECIATION
At 1 April 2023 - 115,548 115,548
Charge for year - 20,634 20,634
Eliminated on disposal - (3,088 ) (3,088 )
At 31 March 2024 - 133,094 133,094
NET BOOK VALUE
At 31 March 2024 116,912 80,094 197,006
At 31 March 2023 116,912 62,238 179,150

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 106,536 92,911
Other debtors 75,576 58,465
182,112 151,376

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 7,959 7,830
Hire purchase contracts 24,758 20,960
Trade creditors 46,596 53,513
Taxation and social security 61,626 65,310
Other creditors 3,546 3,842
144,485 151,455

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 39,399 34,217
Other creditors 5,896 12,108
45,295 46,325