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Company Registration No. 07881069 (England and Wales)
R W Projects South West Limited Unaudited accounts for the year ended 31 March 2025
R W Projects South West Limited Unaudited accounts Contents
Page
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R W Projects South West Limited Company Information for the year ended 31 March 2025
Directors
R Williams N Hale
Company Number
07881069 (England and Wales)
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R W Projects South West Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
473,852 
527,996 
Current assets
Inventories
48,258 
56,491 
Debtors
275,530 
655,532 
Cash at bank and in hand
332,627 
112,593 
656,415 
824,616 
Creditors: amounts falling due within one year
(230,950)
(667,227)
Net current assets
425,465 
157,389 
Total assets less current liabilities
899,317 
685,385 
Creditors: amounts falling due after more than one year
(344,758)
(113,986)
Provisions for liabilities
Deferred tax
(32,827)
(51,003)
Net assets
521,732 
520,396 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
521,632 
520,296 
Shareholders' funds
521,732 
520,396 
For the year ending 31 March 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by
R Williams Director Company Registration No. 07881069
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R W Projects South West Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
R W Projects South West Limited is a private company, limited by shares, registered in England and Wales, registration number 07881069.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not depreciated
Motor vehicles
20% on cost
Fixtures & fittings
20% on cost
Computer equipment
20% on cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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R W Projects South West Limited Notes to the Accounts for the year ended 31 March 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Going concern
At the time of approving the financial statements, the directors havea reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At cost 
At cost 
At cost 
At 1 April 2024
300,000 
10,015 
261,896 
38,071 
24,715 
634,697 
Additions
- 
- 
- 
- 
2,635 
2,635 
Revaluations
20,000 
- 
- 
- 
- 
20,000 
Disposals
- 
- 
(54,246)
(7,615)
- 
(61,861)
At 31 March 2025
320,000 
10,015 
207,650 
30,456 
27,350 
595,471 
Depreciation
At 1 April 2024
- 
9,905 
70,935 
7,574 
18,287 
106,701 
Charge for the year
- 
110 
43,435 
- 
5,469 
49,014 
On disposals
- 
- 
(34,096)
- 
- 
(34,096)
At 31 March 2025
- 
10,015 
80,274 
7,574 
23,756 
121,619 
Net book value
At 31 March 2025
320,000 
- 
127,376 
22,882 
3,594 
473,852 
At 31 March 2024
300,000 
110 
190,961 
30,497 
6,428 
527,996 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
- 
51,651 
Trade debtors
243,861 
567,018 
Accrued income and prepayments
16,647 
33,841 
Other debtors
2,222 
3,022 
262,730 
655,532 
Amounts falling due after more than one year
Other debtors
12,800 
- 
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R W Projects South West Limited Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
85,750 
208,232 
VAT
15,966 
- 
Obligations under finance leases and hire purchase contracts
25,374 
72,546 
Trade creditors
45,557 
219,905 
Taxes and social security
69,545 
150,877 
Other creditors
(302)
1,838 
Loans from directors
(19,769)
3,792 
Accruals
8,829 
10,037 
230,950 
667,227 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
264,253 
- 
Obligations under finance leases and hire purchase contracts
79,712 
113,986 
Other creditors
793 
- 
344,758 
113,986 
8
Average number of employees
During the year the average number of employees was 23 (2024: 22).
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