REGISTERED NUMBER: 14223055 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

South West Trux Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M R Breddy

Mrs E Breddy

REGISTERED OFFICE:

The Mews Hounds Road

Chipping Sodbury

Bristol

BS37 6EE

BUSINESS ADDRESS:

10 The Grove

Rangeworthy

Bristol

BS37 7PY

REGISTERED NUMBER:

14223055 (England and Wales)

ACCOUNTANTS:

Dolman's Chartered Accountants

The Mews

Hounds Road

Chipping Sodbury

Bristol

BS37 6EE

FIXED ASSETS

Intangible assets

4

16,800

19,200

Tangible assets

5

8,410

13,089

25,210

32,289

CURRENT ASSETS

Stocks

11,000

7,000

Debtors

6

27,805

35,432

Cash at bank

15,764

8,819

54,569

51,251

CREDITORS

Amounts falling due within one year

7

62,283

73,047

NET CURRENT LIABILITIES

(7,714

)

(21,796

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,496

10,493

CREDITORS

Amounts falling due after more than one year

8

(3,497

)

(6,119

)

PROVISIONS FOR LIABILITIES

(1,934

)

(2,748

)

NET ASSETS

12,065

1,626

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

11,965

1,526

SHAREHOLDERS' FUNDS

12,065

1,626

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

M R Breddy - Director

1.	STATUTORY INFORMATION

South West Trux 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 2022, is being amortised evenly over its estimated useful life of ten 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 etc

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

24,000

AMORTISATION

At 1 April 2024

4,800

Charge for year

2,400

At 31 March 2025

7,200

NET BOOK VALUE

At 31 March 2025

16,800

At 31 March 2024

19,200

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

18,528

Disposals

(3,000

)

At 31 March 2025

15,528

DEPRECIATION

At 1 April 2024

5,439

Charge for year

2,804

Eliminated on disposal

(1,125

)

At 31 March 2025

7,118

NET BOOK VALUE

At 31 March 2025

8,410

At 31 March 2024

13,089

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

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

12,075

DEPRECIATION

At 1 April 2024

3,019

Charge for year

2,264

At 31 March 2025

5,283

NET BOOK VALUE

At 31 March 2025

6,792

At 31 March 2024

9,056

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

27,805

35,432

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

2,623

2,623

Trade creditors

22,667

41,672

Taxation and social security

32,939

18,279

Other creditors

4,054

10,473

62,283

73,047

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

3,497

6,119

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

2,623

2,623

Between one and five years

3,497

6,119

6,120

8,742

Non-cancellable

operating leases

2025

2024

£

£

Within one year

2,057

2,057

Between one and five years

857

2,914

2,914

4,971

The above hire purchase contracts are at a market rate of interest. Further interest/fees of £1,975 will be payable on these contracts, of which £846 is due within 1 year.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

M R Breddy and Mrs E Breddy

Balance outstanding at start of year

(85

)

(3,963

)

Amounts advanced

-

3,878

Amounts repaid

(1,849

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,934

)

(85

)

I Bryant and Mrs L Bryant

Balance outstanding at start of year

(5,816

)

(17,158

)

Amounts advanced

5,816

11,342

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(5,816

)