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REGISTERED NUMBER: 08115787 (England and Wales)















SW INTERIOR DESIGNS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






SW INTERIOR DESIGNS LTD (REGISTERED NUMBER: 08115787)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 8

SW INTERIOR DESIGNS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: S Wood
S L Wood





REGISTERED OFFICE: Unit B Rock Works
Island Drive
Brockholes
HOLMFIRTH
West Yorkshire
HD9 7AB





REGISTERED NUMBER: 08115787 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

SW INTERIOR DESIGNS LTD (REGISTERED NUMBER: 08115787)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 138,309 92,358

CURRENT ASSETS
Inventories 5 54,548 54,456
Debtors 6 74,466 100,660
Cash at bank 187,625 229,464
316,639 384,580
CREDITORS
Amounts falling due within one year 7 284,098 332,211
NET CURRENT ASSETS 32,541 52,369
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,850

144,727

CREDITORS
Amounts falling due after more than one
year

8

(46,053

)

(24,817

)

PROVISIONS FOR LIABILITIES (33,332 ) (18,611 )
NET ASSETS 91,465 101,299

CAPITAL AND RESERVES
Called up share capital 9 120 100
Retained earnings 91,345 101,199
SHAREHOLDERS' FUNDS 91,465 101,299

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

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

SW INTERIOR DESIGNS LTD (REGISTERED NUMBER: 08115787)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 30 August 2024 and were signed on its behalf by:




S Wood - Director



S L Wood - Director


SW INTERIOR DESIGNS LTD (REGISTERED NUMBER: 08115787)

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

1. STATUTORY INFORMATION

Sw Interior Designs Ltd 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and Machinery - 15% on reducing balance
Fixtures and Fittings - 20% on cost
Motor Vehicles - 25% on reducing balance
Computer Equipment - 33% on cost

Stocks
Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

SW INTERIOR DESIGNS LTD (REGISTERED NUMBER: 08115787)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 10 (2023 - 11 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and
property Machinery Fittings
£    £    £   
COST
At 1 July 2023 5,760 119,359 42,785
Additions - 2,761 322
Disposals (5,760 ) (10,804 ) -
At 30 June 2024 - 111,316 43,107
DEPRECIATION
At 1 July 2023 5,760 61,271 21,289
Charge for year - 8,868 7,834
Eliminated on disposal (5,760 ) (10,804 ) -
At 30 June 2024 - 59,335 29,123
NET BOOK VALUE
At 30 June 2024 - 51,981 13,984
At 30 June 2023 - 58,088 21,496

SW INTERIOR DESIGNS LTD (REGISTERED NUMBER: 08115787)

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

4. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
Vehicles Equipment Totals
£    £    £   
COST
At 1 July 2023 48,309 2,934 219,147
Additions 70,759 575 74,417
Disposals (17,683 ) - (34,247 )
At 30 June 2024 101,385 3,509 259,317
DEPRECIATION
At 1 July 2023 36,029 2,440 126,789
Charge for year 5,445 455 22,602
Eliminated on disposal (11,819 ) - (28,383 )
At 30 June 2024 29,655 2,895 121,008
NET BOOK VALUE
At 30 June 2024 71,730 614 138,309
At 30 June 2023 12,280 494 92,358

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
Machinery Vehicles Totals
£    £    £   
COST
At 1 July 2023 26,200 24,032 50,232
Additions - 51,770 51,770
Disposals - (16,632 ) (16,632 )
Transfer to ownership (4,200 ) (7,400 ) (11,600 )
At 30 June 2024 22,000 51,770 73,770
DEPRECIATION
At 1 July 2023 5,833 15,347 21,180
Charge for year 2,726 1,804 4,530
Eliminated on disposal - (11,112 ) (11,112 )
Transfer to ownership (2,007 ) (4,960 ) (6,967 )
At 30 June 2024 6,552 1,079 7,631
NET BOOK VALUE
At 30 June 2024 15,448 50,691 66,139
At 30 June 2023 20,367 8,685 29,052

5. INVENTORIES
2024 2023
£    £   
Stocks 47,448 49,348
Work In Progress 7,100 5,108
54,548 54,456

SW INTERIOR DESIGNS LTD (REGISTERED NUMBER: 08115787)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,756 88,001
Other debtors 54,710 12,659
74,466 100,660

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 17,575 11,322
Trade creditors 96,777 137,716
Taxation and social security 42,428 39,658
Other creditors 117,318 133,515
284,098 332,211

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,167 19,167
Hire purchase contracts 36,886 5,650
46,053 24,817

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
NIL Ordinary £1 - 100
50 A Ordinary Shares £1 50 -
50 B Ordinary Shares £1 50 -
10 C Ordinary Shares £1 10 -
10 D Ordinary Shares £1 10 -
120 100

The following shares were issued during the year for cash at par :

10 C Ordinary Shares shares of £1
10 D Ordinary Shares shares of £1

SW INTERIOR DESIGNS LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
SW INTERIOR DESIGNS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 June 2024 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


30 August 2024