REGISTERED NUMBER: 08797482 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

SOUTH WALES SCREEDING SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J J Betty

SECRETARY:

REGISTERED OFFICE:

Unit 91

Springvale Industrial Estate

Cwmbran

Blaenau Gwent

NP44 5BH

REGISTERED NUMBER:

08797482 (England and Wales)

FIXED ASSETS

Intangible assets

4

100

1,200

Tangible assets

5

47,052

50,563

47,152

51,763

CURRENT ASSETS

Debtors

6

31,498

33,670

Cash at bank

229,989

185,746

261,487

219,416

CREDITORS

Amounts falling due within one year

7

154,587

123,294

NET CURRENT ASSETS

106,900

96,122

TOTAL ASSETS LESS CURRENT LIABILITIES

154,052

147,885

CREDITORS

Amounts falling due after more than one year

8

3,175

13,413

NET ASSETS

150,877

134,472

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

150,875

134,470

SHAREHOLDERS' FUNDS

150,877

134,472

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 18 September 2025 and were signed by:

J J Betty - Director

1.	STATUTORY INFORMATION

South Wales Screeding Services Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of eleven years.

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.

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 company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

11,000

AMORTISATION

At 1 January 2024

9,800

Charge for year

1,100

At 31 December 2024

10,900

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

1,200

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

133,344

Additions

6,642

At 31 December 2024

139,986

DEPRECIATION

At 1 January 2024

82,781

Charge for year

10,153

At 31 December 2024

92,934

NET BOOK VALUE

At 31 December 2024

47,052

At 31 December 2023

50,563

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

31,008

29,030

Other debtors

490

4,640

31,498

33,670

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

11,759

11,759

Trade creditors

50,743

25,351

Taxation and social security

15,592

18,257

Other creditors

76,493

67,927

154,587

123,294

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

3,175

13,413