REGISTERED NUMBER: 03703747 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

SAWARD TIPPING SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Saward

SECRETARY:

H E Saward

REGISTERED OFFICE:

Unit 5T5

Temple Boat Yard

Knight Road

Rochester

Kent

ME2 2AG

REGISTERED NUMBER:

03703747 (England and Wales)

ACCOUNTANTS:

Friend & Grant Ltd

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

FIXED ASSETS

Tangible assets

5

652,148

778,775

CURRENT ASSETS

Debtors

6

177,122

207,686

Cash at bank

122,099

198,227

299,221

405,913

CREDITORS

Amounts falling due within one year

7

364,085

377,821

NET CURRENT (LIABILITIES)/ASSETS

(64,864

)

28,092

TOTAL ASSETS LESS CURRENT LIABILITIES

587,284

806,867

CREDITORS

Amounts falling due after more than one year

8

(48,035

)

(133,207

)

PROVISIONS FOR LIABILITIES

(154,481

)

(141,468

)

NET ASSETS

384,768

532,192

CAPITAL AND RESERVES

Called up share capital

50

50

Capital redemption reserve

50

50

Retained earnings

384,668

532,092

SHAREHOLDERS' FUNDS

384,768

532,192

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 9 October 2025 and were signed by:

P Saward - Director

1.	STATUTORY INFORMATION

Saward Tipping 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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 presentation and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable from the sale of goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes. Turnover is not recognised when goods or services are exchanged for goods or services that are of a similar nature and value or when the transaction lacks commercial substance.

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;

- the company retains neither continuing managerial involvement to the degree usually associated with the ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the transaction;

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

The percentage of completion method is used to calculate the revenue recognised at the period end.

Turnover from the rendering of services is recognised when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the economic benefits associated with the transaction will flow to the entity;

- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and

- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance and 20% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 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 held under finance lease and hire purchase contracts are capitalised in the balance sheet and depreciated over their expected useful lives. The interest element of the leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease.

All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

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.

Employee benefits

The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

1,518,021

31,952

34,745

1,584,718

Additions

774

-

-

774

At 31 March 2025

1,518,795

31,952

34,745

1,585,492

DEPRECIATION

At 1 April 2024

774,456

22,801

8,686

805,943

Charge for year

118,598

2,288

6,515

127,401

At 31 March 2025

893,054

25,089

15,201

933,344

NET BOOK VALUE

At 31 March 2025

625,741

6,863

19,544

652,148

At 31 March 2024

743,565

9,151

26,059

778,775

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

159,555

195,675

Amounts owed by group undertakings

-

7,252

Other debtors

17,567

4,759

177,122

207,686

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,439

10,182

Hire purchase contracts

74,733

117,007

Trade creditors

42,816

73,725

Amounts owed to group undertakings

16,449

-

Taxation and social security

57,898

21,696

Other creditors

161,750

155,211

364,085

377,821

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,655

13,094

Hire purchase contracts

45,380

120,113

48,035

133,207

9.	SECURED DEBTS

Net obligations under hire purchase contracts are secured on the specific assets financed.

10.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £219,180 (2024 - £27,570).

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

P Saward

Balance outstanding at start of year

(42,904

)

(30,791

)

Amounts advanced

844

24,183

Amounts repaid

(4,033

)

(36,296

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(46,093

)

(42,904

)

The loan from the director to the company is unsecured and repayable on demand. Interest is being charged at a rate of 12% per annum.

12.	RELATED PARTY DISCLOSURES

Included within other creditors, is a loan due to Miss H Saward of £27,661 (2024: £27,985). This loan is unsecured, interest free and repayable on demand. Miss H Saward is a 24% shareholder of the ultimate controlling party, Saward Group Ltd.

Also included within other creditors, is a loan due to Mr G Saward of £63,228 (2024: £62,682). This loan is unsecured and repayable on demand. Interest is being charged at a rate of 12% per annum. Mr G Saward is a director, and 12% shareholder of the ultimate controlling party, Saward Group Ltd.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party at the balance sheet date is Saward Group Ltd.