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REGISTERED NUMBER: 01289424 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

SCHWARTZ BROTHERS LIMITED

SCHWARTZ BROTHERS LIMITED (REGISTERED NUMBER: 01289424)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SCHWARTZ BROTHERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTOR: A G Smith





SECRETARY:





REGISTERED OFFICE: 102 Walcot Street
Bath
BA1 5BG





REGISTERED NUMBER: 01289424 (England and Wales)





ACCOUNTANTS: PG Owen Limited
Chartered Accountants
124 High Street
Midsomer Norton
Bath
Avon
BA3 2DA

SCHWARTZ BROTHERS LIMITED (REGISTERED NUMBER: 01289424)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 57,507 63,469
57,507 63,469

CURRENT ASSETS
Stocks 59,139 35,010
Debtors 6 7,004 10,018
Cash at bank and in hand 225,240 239,295
291,383 284,323
CREDITORS
Amounts falling due within one year 7 112,220 115,174
NET CURRENT ASSETS 179,163 169,149
TOTAL ASSETS LESS CURRENT
LIABILITIES

236,670

232,618

PROVISIONS FOR LIABILITIES 8 10,785 12,113
NET ASSETS 225,885 220,505

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 225,785 220,405
SHAREHOLDERS' FUNDS 225,885 220,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

SCHWARTZ BROTHERS LIMITED (REGISTERED NUMBER: 01289424)

BALANCE SHEET - continued
28 FEBRUARY 2025


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 director and authorised for issue on 28 May 2025 and were signed by:





A G Smith - Director


SCHWARTZ BROTHERS LIMITED (REGISTERED NUMBER: 01289424)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. STATUTORY INFORMATION

Schwartz Brothers 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. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

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.

Pension costs and other post-retirement benefits
The pension costs charged in the financial statements represent the contribution payable by the company during the year.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

SCHWARTZ BROTHERS LIMITED (REGISTERED NUMBER: 01289424)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

2. ACCOUNTING POLICIES - continued

Intangible assets
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2024
and 28 February 2025 1,520
AMORTISATION
At 1 March 2024
and 28 February 2025 1,520
NET BOOK VALUE
At 28 February 2025 -
At 29 February 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2024 1,996 348,301 36,348 31,340 417,985
Additions - 4,297 - 2,858 7,155
Disposals - (7,644 ) - (516 ) (8,160 )
At 28 February 2025 1,996 344,954 36,348 33,682 416,980
DEPRECIATION
At 1 March 2024 - 297,772 29,878 26,866 354,516
Charge for year - 7,985 1,618 1,802 11,405
Eliminated on disposal - (6,055 ) - (393 ) (6,448 )
At 28 February 2025 - 299,702 31,496 28,275 359,473
NET BOOK VALUE
At 28 February 2025 1,996 45,252 4,852 5,407 57,507
At 29 February 2024 1,996 50,529 6,470 4,474 63,469

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Tax - 3,530
Prepayments 7,004 6,488
7,004 10,018

SCHWARTZ BROTHERS LIMITED (REGISTERED NUMBER: 01289424)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 12,500 22,500
Trade creditors 42,589 29,533
Tax 2,427 -
Social security and other taxes 47,119 36,091
Other creditors - 1,273
Directors' current accounts 502 23,577
Accrued expenses 7,083 2,200
112,220 115,174

8. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 10,785 12,113

Deferred
tax
£   
Balance at 1 March 2024 12,113
Accelerated capital allowances (1,328 )
Balance at 28 February 2025 10,785

9. RELATED PARTY DISCLOSURES

The company was under the control of the director throughout the period as stated in the director's report. Where applicable, interest is charged on overdrawn director's loan account balances at the official rate.