33 30 SW Living Ltd 07784501 false 2024-05-01 2025-04-30 2025-04-30 The principal activity of the company is manufacture of household textiles. Digita Accounts Production Advanced 6.30.9574.0 true false 07784501 2024-05-01 2025-04-30 07784501 2025-04-30 07784501 bus:Director2 1 2025-04-30 07784501 core:RetainedEarningsAccumulatedLosses 2025-04-30 07784501 core:ShareCapital 2025-04-30 07784501 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-04-30 07784501 core:CurrentFinancialInstruments 2025-04-30 07784501 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 07784501 core:Non-currentFinancialInstruments 2025-04-30 07784501 core:Non-currentFinancialInstruments core:AfterOneYear 2025-04-30 07784501 core:FurnitureFittings 2025-04-30 07784501 core:MotorVehicles 2025-04-30 07784501 core:OfficeEquipment 2025-04-30 07784501 core:PlantMachinery 2025-04-30 07784501 bus:SmallEntities 2024-05-01 2025-04-30 07784501 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 07784501 bus:FilletedAccounts 2024-05-01 2025-04-30 07784501 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 07784501 bus:RegisteredOffice 2024-05-01 2025-04-30 07784501 bus:Director1 2024-05-01 2025-04-30 07784501 bus:Director2 2024-05-01 2025-04-30 07784501 bus:Director2 1 2024-05-01 2025-04-30 07784501 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 07784501 core:FurnitureFittings 2024-05-01 2025-04-30 07784501 core:MotorVehicles 2024-05-01 2025-04-30 07784501 core:OfficeEquipment 2024-05-01 2025-04-30 07784501 core:PlantMachinery 2024-05-01 2025-04-30 07784501 1 2024-05-01 2025-04-30 07784501 countries:UnitedKingdom 2024-05-01 2025-04-30 07784501 2024-04-30 07784501 bus:Director2 1 2024-04-30 07784501 core:FurnitureFittings 2024-04-30 07784501 core:MotorVehicles 2024-04-30 07784501 core:OfficeEquipment 2024-04-30 07784501 core:PlantMachinery 2024-04-30 07784501 2023-05-01 2024-04-30 07784501 2024-04-30 07784501 bus:Director2 1 2024-04-30 07784501 core:RetainedEarningsAccumulatedLosses 2024-04-30 07784501 core:ShareCapital 2024-04-30 07784501 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-04-30 07784501 core:CurrentFinancialInstruments 2024-04-30 07784501 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 07784501 core:Non-currentFinancialInstruments 2024-04-30 07784501 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 07784501 core:FurnitureFittings 2024-04-30 07784501 core:MotorVehicles 2024-04-30 07784501 core:OfficeEquipment 2024-04-30 07784501 core:PlantMachinery 2024-04-30 07784501 bus:Director2 1 2023-05-01 2024-04-30 07784501 bus:Director2 1 2023-04-30 xbrli:pure iso4217:GBP

Registration number: 07784501

SW Living Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

SW Living Ltd

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 8

SW Living Ltd

(Registration number: 07784501)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 470,664 | 458,827
Current assets |  |  |
Stocks | 5 | 646,932 | 479,932
Debtors | 6 | 821,899 | 940,029
Cash at bank and in hand |  | 116,903 | 20,502
|  | 1,585,734 | 1,440,463
Creditors: Amounts falling due within one year | 7 | (1,439,878) | (1,264,309)
Net current assets |  | 145,856 | 176,154
Total assets less current liabilities |  | 616,520 | 634,981
Creditors: Amounts falling due after more than one year | 7 | (106,497) | (168,681)
Provisions for liabilities |  | (115,744) | (112,602)
Net assets |  | 394,279 | 353,698
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 394,179 | 353,598
Shareholders' funds |  | 394,279 | 353,698

SW Living Ltd

(Registration number: 07784501)
Balance Sheet as at 30 April 2025

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 December 2025 and signed on its behalf by:

......................................... Mr I Ahmad Director |  |

SW Living Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Asia Mill
Bradford Road
Bolton
BL3 2HE

These financial statements were authorised for issue by the Board on 5 December 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

SW Living Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% reducing balance
Motor vehicles | 25% reducing balance
Fixtures and fittings | 15% reducing balance
Equipment | 15% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

SW Living Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 33 (2024 - 30).

SW Living Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 May 2024 | 20,944 | 453,845 | 557,444 | 50,550 | 1,082,783
Additions | - | 129,732 | 12,800 | - | 142,532
At 30 April 2025 | 20,944 | 583,577 | 570,244 | 50,550 | 1,225,315
Depreciation
At 1 May 2024 | 16,475 | 192,536 | 390,912 | 24,033 | 623,956
Charge for the year | 670 | 97,767 | 25,628 | 6,630 | 130,695
At 30 April 2025 | 17,145 | 290,303 | 416,540 | 30,663 | 754,651
Carrying amount
At 30 April 2025 | 3,799 | 293,274 | 153,704 | 19,887 | 470,664
At 30 April 2024 | 4,469 | 261,309 | 166,532 | 26,517 | 458,827

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 646,932 | 479,932

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 639,576 | 745,542
Amounts owed by related parties | 6,939 | 5,689
Prepayments | 93,738 | 163,282
Other debtors | 81,646 | 25,516
| 821,899 | 940,029

SW Living Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 314,385 | 378,630
Trade creditors |  | 761,241 | 743,827
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 9 | 7,830 | -
Taxation and social security |  | 330,789 | 138,852
Accruals and deferred income |  | 19,130 | 3,000
Other creditors |  | 6,503 | -
|  | 1,439,878 | 1,264,309

Creditors include an invoice financing facility of £262,426 (2024 £329,884) which is secured by a fixed and floating charge over the assets of the company dated 29 January 2021.

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 106,497 | 168,681

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 106,497 | 168,681

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 51,959 | 45,991
Bank overdrafts | 262,426 | 329,884
Hire purchase contracts | - | 2,755
| 314,385 | 378,630

SW Living Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

9 | Related party transactions

Transactions with directors

2025 | At 1 May 2024 £ | Advances to director £ | At 30 April 2025 £
Mr I Ahmed
Advances with no set repayment terms and interest charged at the Official Rate on relevant amounts | 3,800 | 20,638 | 24,438

2024 | At 1 May 2023 £ | Advances to director £ | At 30 April 2024 £
Mr I Ahmed
Advances with no set repayment terms and interest charged at the Official Rate on relevant amounts | - | 3,800 | 3,800

10 | Parent and ultimate parent undertaking

The company's immediate parent is SW UK Group Ltd, incorporated in United Kingdom.
The registered office is Asia Mill, Bradford Road, Bolton, England, BL3 2HE.