0 0 S.W Services [WM] Limited 05229034 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is the sale of industrial sundries. Digita Accounts Production Advanced 6.30.9574.0 true 05229034 2023-10-01 2024-09-30 05229034 2024-09-30 05229034 bus:OrdinaryShareClass1 2024-09-30 05229034 core:CurrentFinancialInstruments 2024-09-30 05229034 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 05229034 core:FurnitureFittings 2024-09-30 05229034 core:MotorVehicles 2024-09-30 05229034 bus:SmallEntities 2023-10-01 2024-09-30 05229034 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 05229034 bus:FilletedAccounts 2023-10-01 2024-09-30 05229034 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05229034 bus:RegisteredOffice 2023-10-01 2024-09-30 05229034 bus:CompanySecretary1 2023-10-01 2024-09-30 05229034 bus:Director2 2023-10-01 2024-09-30 05229034 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 05229034 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05229034 bus:Agent1 2023-10-01 2024-09-30 05229034 core:FurnitureFittings 2023-10-01 2024-09-30 05229034 core:MotorVehicles 2023-10-01 2024-09-30 05229034 core:Vehicles 2023-10-01 2024-09-30 05229034 countries:AllCountries 2023-10-01 2024-09-30 05229034 2023-09-30 05229034 core:FurnitureFittings 2023-09-30 05229034 core:MotorVehicles 2023-09-30 05229034 2022-10-01 2023-09-30 05229034 2023-09-30 05229034 bus:OrdinaryShareClass1 2023-09-30 05229034 core:CurrentFinancialInstruments 2023-09-30 05229034 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 05229034 core:FurnitureFittings 2023-09-30 05229034 core:MotorVehicles 2023-09-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 05229034

S.W Services [WM] Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

S.W Services [WM] Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

S.W Services [WM] Limited

Company Information

Director

Mr S J Westwood

Company secretary

Miss L J Parker

Registered office

101 Dixons Green Road
Dudley
West Midlands
DY2 7DJ

Accountants

Neil Westwood & Co
Chartered Accountants101 Dixons Green Road
Dudley
West Midlands
DY2 7DJ

 

S.W Services [WM] Limited

(Registration number: 05229034)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

23,700

17,951

Current assets

 

Stocks

5

11,525

6,366

Debtors

6

28,889

21,768

Cash at bank and in hand

 

27,100

30,653

 

67,514

58,787

Creditors: Amounts falling due within one year

7

(41,447)

(32,753)

Net current assets

 

26,067

26,034

Total assets less current liabilities

 

49,767

43,985

Provisions for liabilities

(4,503)

(3,411)

Net assets

 

45,264

40,574

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

45,262

40,572

Shareholders' funds

 

45,264

40,574

 

S.W Services [WM] Limited

(Registration number: 05229034)
Balance Sheet as at 30 September 2024 (continued)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 June 2025
 


Mr S J Westwood
Director

 

S.W Services [WM] Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
101 Dixons Green Road
Dudley
West Midlands
DY2 7DJ
England

These financial statements were authorised for issue by the director on 13 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

S.W Services [WM] Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

33% on cost and 25% on cost

Motor vehicles

25% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

S.W Services [WM] Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

4

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

20,594

25,000

45,594

Additions

-

26,455

26,455

Disposals

-

(25,000)

(25,000)

At 30 September 2024

20,594

26,455

47,049

Depreciation

At 1 October 2023

20,351

7,292

27,643

Charge for the year

242

2,756

2,998

Eliminated on disposal

-

(7,292)

(7,292)

At 30 September 2024

20,593

2,756

23,349

Carrying amount

At 30 September 2024

1

23,699

23,700

At 30 September 2023

243

17,708

17,951

5

Stocks

2024
£

2023
£

Finished goods and goods for resale

11,525

6,366

 

S.W Services [WM] Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

6

Debtors

Current

2024
£

2023
£

Trade debtors

28,889

21,768

 

28,889

21,768

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

17,597

14,302

Taxation and social security

19,545

14,178

Accruals and deferred income

2,550

2,517

Other creditors

1,755

1,756

41,447

32,753

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2