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REGISTERED NUMBER: 09162993 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2024

for

SVW GROUP LTD

SVW GROUP LTD (REGISTERED NUMBER: 09162993)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SVW GROUP LTD

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: A Balsam
S C Balsam





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 09162993 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

SVW GROUP LTD (REGISTERED NUMBER: 09162993)

Balance Sheet
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,744 19,738
Property, plant and equipment 5 244,387 300,221
255,131 319,959

CURRENT ASSETS
Inventories 21,500 18,000
Debtors 6 945,883 674,269
Cash at bank and in hand 412,528 249,541
1,379,911 941,810
CREDITORS
Amounts falling due within one year 7 876,918 867,640
NET CURRENT ASSETS 502,993 74,170
TOTAL ASSETS LESS CURRENT
LIABILITIES

758,124

394,129

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 758,118 394,123
758,124 394,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 28 March 2025 and were signed on its behalf by:





S C Balsam - Director


SVW GROUP LTD (REGISTERED NUMBER: 09162993)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

SVW Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements

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

Intangible assets
Intangible assets, being the amount paid in connection with the acquisition of a business and website, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Property, plant and equipment is stated at cost less accumulated depreciation and accumulated impairment losses. Such cost included costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less their estimated residual value over their expected useful lives, on the following basis:

Fixtures, fittings and equipment20% on reducing balance
Computer equipment20% on reducing balance
Plant & machinery20% on reducing balance
Leasehold Improvements10% on reducing balance

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

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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.


SVW GROUP LTD (REGISTERED NUMBER: 09162993)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 97 (2023 - 87 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 40,210 4,760 44,970
AMORTISATION
At 1 January 2024 22,376 2,856 25,232
Charge for year 8,042 952 8,994
At 31 December 2024 30,418 3,808 34,226
NET BOOK VALUE
At 31 December 2024 9,792 952 10,744
At 31 December 2023 17,834 1,904 19,738

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Leasehold Plant and and Computer
improvements machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 104,953 57,651 274,853 8,147 445,604
Additions - 4,434 - 4,600 9,034
At 31 December 2024 104,953 62,085 274,853 12,747 454,638
DEPRECIATION
At 1 January 2024 10,495 17,208 113,622 4,058 145,383
Charge for year 9,446 8,976 44,708 1,738 64,868
At 31 December 2024 19,941 26,184 158,330 5,796 210,251
NET BOOK VALUE
At 31 December 2024 85,012 35,901 116,523 6,951 244,387
At 31 December 2023 94,458 40,443 161,231 4,089 300,221

SVW GROUP LTD (REGISTERED NUMBER: 09162993)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by connected companies 47,821 -
Other debtors 898,062 674,269
945,883 674,269

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 207,190 177,540
Amounts owed to connected companies 1,004 47,747
Taxation and social security 647,749 440,967
Other creditors 20,975 201,386
876,918 867,640

8. RELATED PARTY DISCLOSURES

Included in debtors, amount falling due within one year, is an amount of 480,908 (2023: 350,290) due from the directors of the company. An interest of £10,651 (2023: £6,759) has been charged on this amount at the beneficial rate of 2.25% p.a.

Included in debtors, amount falling due within one year, is an amount of £240,454 (2023: £176,083) due from a shareholder of the company. An interest of £5,126 (2023: £3,419) has been charged on this amount at the beneficial rate of 2.25% p.a.

Included in creditors, amount falling due within one year, is an amount of £1,004 (2023: £47,747) due to connected companies. This loan is interest free.

Included in debtors, amount falling due within one year, is an amount of £47,821 (2023: £Nil) owed by connected companies. This loan is interest free.