S W Machinery Hire Limited 31/03/2025 iXBRL

Company registration number: 6647296

S W Machinery Hire Limited

Unaudited filleted financial statements

31 March 2025

S W Machinery Hire Limited

Contents

Directors and other information

Accountant's report

Statement of financial position

Notes to the financial statements

S W Machinery Hire Limited

Directors and other information


	Director	S Williams


	Company number	6647296


	Registered office	Piccadilly
		Folly Lane
		Lacock
		Chippenham
		SN15 2LP


	Accountant	Leslie, Ward and Drew
		Temple Court
		8 The Causeway
		Chippenham
		Wiltshire
		SN15 3BT

S W Machinery Hire Limited

Chartered accountant's report to the director on the preparation of the

unaudited statutory financial statements of S W Machinery Hire Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of S W Machinery Hire Limited for the year ended 31 March 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the director of S W Machinery Hire Limited, as a body, in accordance with the terms of my engagement letter dated 24 June 2010. My work has been undertaken solely to prepare for your approval the financial statements of S W Machinery Hire Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than S W Machinery Hire Limited and its director as a body for my work or for this report.

It is your duty to ensure that S W Machinery Hire Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of S W Machinery Hire Limited. You consider that S W Machinery Hire Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of S W Machinery Hire Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Leslie, Ward and Drew

Chartered Accountants and Chartered Tax Advisers

Temple Court

8 The Causeway

Chippenham

Wiltshire

SN15 3BT

Date: 7 October 2025

S W Machinery Hire Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	17,282,281		17,414,280
		_______		_______
			17,282,281		17,414,280

Current assets
Stocks		25,745		25,360
Debtors	6	1,291,493		953,795
Cash at bank and in hand		458,498		252,562
		_______		_______
		1,775,736		1,231,717
Creditors: amounts falling due
within one year	7	( 5,424,494)		( 4,636,551)
		_______		_______
Net current liabilities			( 3,648,758)		( 3,404,834)
			_______		_______
Total assets less current liabilities			13,633,523		14,009,446

Creditors: amounts falling due
after more than one year	8		( 10,870,838)		( 11,653,651)

Provisions for liabilities	10		( 646,694)		( 502,602)

			_______		_______
Net assets			2,115,991		1,853,193
			_______		_______

Capital and reserves
Called up share capital	11		102		102
Profit and loss account			2,115,889		1,853,091
			_______		_______
Shareholder funds			2,115,991		1,853,193
			_______		_______

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.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 07 October 2025 , and are signed on behalf of the board by:

S Williams

Director

Company registration number: 6647296

S W Machinery Hire Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Piccadilly, Folly Lane, Lacock, Chippenham, SN15 2LP.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the short term hire of assets is recognised when the asset is returned from hire or other short term intervals.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Long leasehold property improvements	-	5 %	straight line
Plant and machinery	-	0-15% varying rates on reducing balance
Fixtures, fittings and equipment	-	15 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts and finance leases are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future is treated as a liability.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 15 (2024: 15 ).

5. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£	£
Cost
At 1 April 2024	162,101	19,757,589	20,867	19,940,557
Additions	-	8,170,215	6,139	8,176,354
Disposals	-	( 7,700,704)	-	( 7,700,704)
	_______	_______	_______	_______
At 31 March 2025	162,101	20,227,100	27,006	20,416,207
	_______	_______	_______	_______
Depreciation
At 1 April 2024	43,069	2,472,552	10,656	2,526,277
Charge for the year	8,105	2,173,157	2,453	2,183,715
Disposals	-	( 1,576,066)	-	( 1,576,066)
	_______	_______	_______	_______
At 31 March 2025	51,174	3,069,643	13,109	3,133,926
	_______	_______	_______	_______
Carrying amount
At 31 March 2025	110,927	17,157,457	13,897	17,282,281
	_______	_______	_______	_______
At 31 March 2024	119,032	17,285,037	10,211	17,414,280
	_______	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	1,208,716	902,240
Other debtors	82,777	51,555
	_______	_______
	1,291,493	953,795
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	590,093	339,056
Trade creditors	316,216	160,813
Social security and other taxes	10,289	86,770
Other creditors	4,507,896	4,049,912
	_______	_______
	5,424,494	4,636,551
	_______	_______

The company has granted a floating charge on its assets to secure the bank loans and overdrafts.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	238,141	236,566
Other creditors	10,632,697	11,417,085
	_______	_______
	10,870,838	11,653,651
	_______	_______

Included within creditors: amounts falling due after more than one year is an amount of £ - (2024 £ 187,501 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The bank loan is repayable by monthly instalments. The final repayment date is 10 January 2044. Interest is at a rate of 3% per annum margin over Bank of England Base Rate.

9. Obligations under finance leases

Company lessee

The total future minimum lease payments under finance lease agreements are as follows:

	2025	2024
	£	£
Not later than 1 year	409	-
Later than 1 year and not later than 5 years	884	-
	_______	_______
	1,293	-
	_______	_______
Present value of minimum lease payments	1,293	-
	_______	_______

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	646,694	502,602
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	646,694	502,602
	_______	_______

11. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares shares of £ 1.00 each	100	100	100	100
Ordinary A non voting shares shares of £ 1.00 each	1	1	1	1
Ordinary B non voting shares shares of £ 1.00 each	1	1	1	1
	_______	_______	_______	_______
	102	102	102	102
	_______	_______	_______	_______

12. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2025
		Balance brought forward	Amounts repaid	Balance o/standing - owed to director
		£	£	£
	S Williams	( 26,794)	3,499	( 23,295)
		_______	_______	_______

2024
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	S Williams	( 70,584)	43,790	( 26,794)
		_______	_______	_______

Included within the financing of various fixed assets, in other creditors, the director has made personal guarantees for outstanding liabilities at the balance sheet date.