REGISTERED NUMBER: 05442385 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

SOUTH WESTERN AID LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C J Dodwell

Mrs M Dodwell

REGISTERED OFFICE:

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

REGISTERED NUMBER:

05442385 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

Natwest Plc

15 Victoria Street

Paignton

Devon

TQ4 5DE

FIXED ASSETS

Intangible assets

4

-

6,750

Tangible assets

5

46,972

61,506

46,972

68,256

CURRENT ASSETS

Stocks

6

25,912

26,249

Debtors

7

79,013

115,645

Cash at bank

56,751

5,871

161,676

147,765

CREDITORS

Amounts falling due within one year

8

111,998

133,719

NET CURRENT ASSETS

49,678

14,046

TOTAL ASSETS LESS CURRENT LIABILITIES

96,650

82,302

CREDITORS

Amounts falling due after more than one year

9

(44,782

)

(66,600

)

PROVISIONS FOR LIABILITIES

(8,046

)

(11,686

)

NET ASSETS

43,822

4,016

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Retained earnings

40,822

1,016

SHAREHOLDERS' FUNDS

43,822

4,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr C J Dodwell - Director

1.	STATUTORY INFORMATION

South Western Aid 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

135,000

AMORTISATION

At 1 June 2024

128,250

Amortisation for year

6,750

At 31 May 2025

135,000

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

6,750

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 June 2024

20,357

577

117,304

4,354

142,592

Additions

1,224

-

-

507

1,731

At 31 May 2025

21,581

577

117,304

4,861

144,323

DEPRECIATION

At 1 June 2024

17,889

187

60,295

2,715

81,086

Charge for year

739

59

14,252

1,215

16,265

At 31 May 2025

18,628

246

74,547

3,930

97,351

NET BOOK VALUE

At 31 May 2025

2,953

331

42,757

931

46,972

At 31 May 2024

2,468

390

57,009

1,639

61,506

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 June 2024

and 31 May 2025

98,680

DEPRECIATION

At 1 June 2024

44,698

Charge for year

13,495

At 31 May 2025

58,193

NET BOOK VALUE

At 31 May 2025

40,487

At 31 May 2024

53,982

6.

STOCKS

2025

2024

£

£

Stocks

25,912

26,249

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

72,690

108,485

VAT

5,215

6,386

Prepayments

1,108

774

79,013

115,645

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,206

3,423

Hire purchase contracts

16,831

14,995

Trade creditors

28,959

80,080

Tax

36,426

6,875

Other creditors

1,933

11,533

Directors' current accounts

19,952

12,900

Accrued expenses

3,691

3,913

111,998

133,719

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

8,700

9,295

Bank loans - 2-5 years

9,096

13,488

Hire purchase contracts

26,986

43,817

44,782

66,600

10.	OTHER FINANCIAL COMMITMENTS

At 31 May 2024, the company had total commitments under non-cancellable operating leases over the remaining life of the those leases of £5,781 (2023: £5,781).

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2025 and 31 May 2024:

2025

2024

£

£

Mr R I Dodwell

Balance outstanding at start of year

-

(18,651

)

Amounts advanced

-

28,429

Amounts repaid

-

(9,778

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Mr C J Dodwell and Mrs M Dodwell

Balance outstanding at start of year

(12,900

)

(21,346

)

Amounts advanced

63,547

45,684

Amounts repaid

(70,599

)

(37,238

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(19,952

)

(12,900

)

Loans are unsecured and repayable on demand. Interest is charged at 10% in the year on credit loan balances.

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £55,840 were paid to the directors .

13.	GOVERNMENT GUARANTEED LOAN

The bank loan of £22,002.58 is a COVID-19 Bounce Back Loan, guaranteed by the government. Term runs to May 2030.