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REGISTERED NUMBER: 04479652 (England and Wales)











Swadlincote Aluminium And Welding
Co Limited

Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 July 2024






Swadlincote Aluminium And Welding
Co Limited (Registered number: 04479652)

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










Page

Company Information 1

Report of the Directors 2

Statement of Financial Position 3

Notes to the Financial Statements 4


Swadlincote Aluminium And Welding
Co Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: R Winfield
C McGoldrick





REGISTERED OFFICE: Unit 3 Suttons Business Park
Swadlincote Road
Woodville
Swadlincote
Derbyshire
DE11 8DD





REGISTERED NUMBER: 04479652 (England and Wales)





ACCOUNTANTS: Haines Watts
Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF

Swadlincote Aluminium And Welding
Co Limited (Registered number: 04479652)

Report of the Directors
for the Year Ended 31 July 2024


The directors present their report with the financial statements of the company for the year ended 31 July 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the manufacture of trailer bodies.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 August 2023 to the date of this report.

R Winfield
C McGoldrick

DIRECTORS' RESPONSIBILITIES STATEMENT
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





R Winfield - Director


7 April 2025

Swadlincote Aluminium And Welding
Co Limited (Registered number: 04479652)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 78,994 70,810
78,994 70,810

CURRENT ASSETS
Stocks 7 393,523 419,374
Debtors 8 641,659 529,460
Cash at bank and in hand 173,633 351,084
1,208,815 1,299,918
CREDITORS
Amounts falling due within one year 9 820,946 1,002,553
NET CURRENT ASSETS 387,869 297,365
TOTAL ASSETS LESS CURRENT
LIABILITIES

466,863

368,175

PROVISIONS FOR LIABILITIES 4,140 4,140
NET ASSETS 462,723 364,035

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 462,623 363,935
SHAREHOLDERS' FUNDS 462,723 364,035

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 April 2025 and were signed on its behalf by:




R Winfield - Director


Swadlincote Aluminium And Welding
Co Limited (Registered number: 04479652)

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


1. STATUTORY INFORMATION

Swadlincote Aluminium And Welding Co Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 directors are required to make judgement, estimates and assumptions about carrying amounts 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 revision and future periods where the revision affects both current and future periods.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of five years.

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 cost

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

Financial instruments
DEBTORS
Short-term debtors are measured at transaction price, less any impairment, Loans receivable. are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

CREDITORS
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.


Swadlincote Aluminium And Welding
Co Limited (Registered number: 04479652)

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


3. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 65,144
AMORTISATION
At 1 August 2023
and 31 July 2024 65,144
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 140,571
Additions 53,228
At 31 July 2024 193,799
DEPRECIATION
At 1 August 2023 69,761
Charge for year 45,044
At 31 July 2024 114,805
NET BOOK VALUE
At 31 July 2024 78,994
At 31 July 2023 70,810

Swadlincote Aluminium And Welding
Co Limited (Registered number: 04479652)

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


7. STOCKS
2024 2023
£    £   
Stocks 393,523 419,374

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 442,276 336,754
Amounts owed by associates 27,372 27,372
Other debtors 172,011 165,334
641,659 529,460

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 51,822 103,754
Trade creditors 314,077 458,182
Amounts owed to group undertakings 377,113 377,113
Taxation and social security 61,657 47,669
Other creditors 16,277 15,835
820,946 1,002,553

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 August 2023 363,935
Profit for the year 182,741
Dividends (84,053 )
At 31 July 2024 462,623

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
R Winfield
Balance outstanding at start of year 133,409 133,793
Amounts advanced - 50,000
Amounts repaid (915 ) (50,384 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 132,494 133,409

Swadlincote Aluminium And Welding
Co Limited (Registered number: 04479652)

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


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

C McGoldrick
Balance outstanding at start of year (12,500 ) -
Amounts advanced 12,500 -
Amounts repaid (12,500 ) (12,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (12,500 ) (12,500 )

13. RELATED PARTY DISCLOSURES

During the year the company made sales of £16,124 (2023 - £Nil) to Tag Racing Limited, a company in which the director, Mr R Winfield, is a 50% shareholder. The company also purchased services from Tag Racing Limited of £Nil (2023 - £18,326).

During the year the company declared a dividend of £84,053 (2023 £117,367 ) to Swadlincote Aluminium and Welding Holdings Ltd, a company which owns 100% of Swadlincote Aluminium and Welding Co Limited's shares.The company also paid dividends on behalf of Swadlincote Aluminium and Welding Holdings Ltd totalling £84,053 (2023 - £117,367). The total amount owed to Swadlincote Aluminium and Welding Holdings at the end of the year was £377,113.