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Registered number: 13215791
B Swales Groundworks and Developments Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Moyola House, 31 Hawthorne Grove
York
YO31 7YA
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—7
Page 1
Balance Sheet
Registered number: 13215791
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 117,572 137,167
Tangible Assets 5 223,836 147,789
341,408 284,956
CURRENT ASSETS
Stocks 6 32,841 31,000
Debtors 7 188,309 128,773
Cash at bank and in hand 147,891 68,878
369,041 228,651
Creditors: Amounts Falling Due Within One Year 8 (516,481 ) (430,239 )
NET CURRENT ASSETS (LIABILITIES) (147,440 ) (201,588 )
TOTAL ASSETS LESS CURRENT LIABILITIES 193,968 83,368
Creditors: Amounts Falling Due After More Than One Year 9 (105,719 ) (27,147 )
NET ASSETS 88,249 56,221
CAPITAL AND RESERVES
Called up share capital 11 300 300
Profit and Loss Account 87,949 55,921
SHAREHOLDERS' FUNDS 88,249 56,221
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr B G Swales
Director
27th June 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 January 2023 300 12,586 12,886
Profit for the year and total comprehensive income - 76,535 76,535
Dividends paid - (33,200) (33,200)
As at 31 December 2023 and 1 January 2024 300 55,921 56,221
Profit for the year and total comprehensive income - 63,628 63,628
Dividends paid - (31,600) (31,600)
As at 31 December 2024 300 87,949 88,249
Page 3
Page 4
Notes to the Financial Statements
1. General Information
B Swales Groundworks and Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13215791 . The registered office is Moyola House, 31 Hawthorne Grove, York, YO31 7YA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 18% Reducing Balance Method
Motor Vehicles 18% Reducing Balance Method
Fixtures & Fittings 18% Reducing Balance Method
Computer Equipment 33.33% Straight Line Method
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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Page 5
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 195,955
As at 31 December 2024 195,955
Amortisation
As at 1 January 2024 58,788
Provided during the period 19,595
As at 31 December 2024 78,383
Net Book Value
As at 31 December 2024 117,572
As at 1 January 2024 137,167
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 69,998 144,134 1,169 215,301
Additions 1,002 152,485 - 153,487
Disposals (2,304 ) (38,957 ) - (41,261 )
As at 31 December 2024 68,696 257,662 1,169 327,527
Depreciation
As at 1 January 2024 20,929 46,193 390 67,512
...CONTINUED
Page 5
Page 6
Provided during the period 8,687 40,361 389 49,437
Disposals (496 ) (12,762 ) - (13,258 )
As at 31 December 2024 29,120 73,792 779 103,691
Net Book Value
As at 31 December 2024 39,576 183,870 390 223,836
As at 1 January 2024 49,069 97,941 779 147,789
6. Stocks
2024 2023
£ £
Stock 9,000 9,000
Work in progress 23,841 22,000
32,841 31,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 65,937 33,479
Other debtors 18,399 1,000
B&R partnership 103,973 94,294
188,309 128,773
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 39,611 18,697
Trade creditors 36,517 38,482
Bank loans and overdrafts - 16,004
Corporation tax 6,192 4,280
Other taxes and social security 3,575 2,728
VAT 48,319 35,644
Net wages 1,551 1,357
Luke Daniel - 1,000
CIS 3,649 8,075
Credit card 254 84
Accruals and deferred income 72,450 2,150
Directors' loan accounts 304,363 301,738
516,481 430,239
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 105,719 27,147
Page 6
Page 7
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 39,611 18,697
Later than one year and not later than five years 105,719 27,147
145,330 45,844
145,330 45,844
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
Page 7