IRIS Accounts Production v24.3.2.46 SC677258 director 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6772582023-10-31SC6772582024-10-31SC6772582023-11-012024-10-31SC6772582022-10-31SC6772582022-11-012023-10-31SC6772582023-10-31SC677258ns15:Scotland2023-11-012024-10-31SC677258ns14:PoundSterling2023-11-012024-10-31SC677258ns10:Director12023-11-012024-10-31SC677258ns10:PrivateLimitedCompanyLtd2023-11-012024-10-31SC677258ns10:SmallEntities2023-11-012024-10-31SC677258ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-31SC677258ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-31SC677258ns10:FullAccounts2023-11-012024-10-31SC677258ns10:RegisteredOffice2023-11-012024-10-31SC677258ns5:CurrentFinancialInstruments2024-10-31SC677258ns5:CurrentFinancialInstruments2023-10-31SC677258ns5:ShareCapital2024-10-31SC677258ns5:ShareCapital2023-10-31SC677258ns5:RetainedEarningsAccumulatedLosses2024-10-31SC677258ns5:RetainedEarningsAccumulatedLosses2023-10-31SC677258ns5:PlantMachinery2023-11-012024-10-31SC677258ns5:MotorVehicles2023-11-012024-10-31SC677258ns5:ComputerEquipment2023-11-012024-10-31SC677258ns5:PlantMachinery2023-10-31SC677258ns5:MotorVehicles2023-10-31SC677258ns5:ComputerEquipment2023-10-31SC677258ns5:PlantMachinery2024-10-31SC677258ns5:MotorVehicles2024-10-31SC677258ns5:ComputerEquipment2024-10-31SC677258ns5:PlantMachinery2023-10-31SC677258ns5:MotorVehicles2023-10-31SC677258ns5:ComputerEquipment2023-10-31SC677258ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-31SC677258ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31
REGISTERED NUMBER: SC677258 (Scotland)












Financial Statements for the Year Ended 31 October 2024

for

SW REEL-TECH LTD

SW REEL-TECH LTD (REGISTERED NUMBER: SC677258)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SW REEL-TECH LTD

Company Information
for the Year Ended 31 October 2024







DIRECTOR: S Walker





REGISTERED OFFICE: 5 Piccadilly
Montrose
Angus
DD10 8TH





REGISTERED NUMBER: SC677258 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

SW REEL-TECH LTD (REGISTERED NUMBER: SC677258)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,733 19,292

CURRENT ASSETS
Stocks 500 500
Debtors 5 9,201 2,600
Cash at bank and in hand 10,839 7,190
20,540 10,290
CREDITORS
Amounts falling due within one year 6 18,416 16,627
NET CURRENT ASSETS/(LIABILITIES) 2,124 (6,337 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,857

12,955

PROVISIONS FOR LIABILITIES 3,558 2,460
NET ASSETS 17,299 10,495

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 17,298 10,494
17,299 10,495

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 REEL-TECH LTD (REGISTERED NUMBER: SC677258)

Balance Sheet - continued
31 October 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2025 and were signed by:





S Walker - Director


SW REEL-TECH LTD (REGISTERED NUMBER: SC677258)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

SW Reel-Tech Ltd 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stock
Work in Progress reflects uninvoiced work at the year end. Thus is valued at its subsequent selling price. Profit is therefore recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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.

SW REEL-TECH LTD (REGISTERED NUMBER: SC677258)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 12,483 20,300 348 33,131
Additions 8,220 - - 8,220
Disposals - (4,300 ) - (4,300 )
At 31 October 2024 20,703 16,000 348 37,051
DEPRECIATION
At 1 November 2023 4,538 9,069 232 13,839
Charge for year 4,041 2,203 116 6,360
Eliminated on disposal - (1,881 ) - (1,881 )
At 31 October 2024 8,579 9,391 348 18,318
NET BOOK VALUE
At 31 October 2024 12,124 6,609 - 18,733
At 31 October 2023 7,945 11,231 116 19,292

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,201 2,600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,719 1,373
Taxation and social security 2,057 834
Other creditors 14,640 14,420
18,416 16,627

SW REEL-TECH LTD (REGISTERED NUMBER: SC677258)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. RELATED PARTY DISCLOSURES

The company was under the control of S Walker, the director, throughout the current year and previous period.

During the year the director advanced the company net amounts totalling £233. As at 31 October 2024 included within other creditors is a balance outstanding to the director of £14,070 (2023 - £13,837). No interest has been paid on this loan.