Registered number
07503995
S W Energy Ltd
Filleted Accounts
31 December 2024
S W Energy Ltd
Registered number: 07503995
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,121,424 1,123,183
Investments 4 1,597,828 1,597,826
2,719,252 2,721,009
Current assets
Debtors 5 8,340,669 6,325,754
Cash at bank and in hand 533,407 1,073,798
8,874,076 7,399,552
Creditors: amounts falling due within one year 6 (10,364,932) (7,493,590)
Net current liabilities (1,490,856) (94,038)
Net assets 1,228,396 2,626,971
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,228,394 2,626,969
Shareholder's funds 1,228,396 2,626,971
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Thomas
Director
Approved by the board on 31 December 2025
S W Energy Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings nil
Plant and machinery over 5 - 10 years
Fixtures, fittings, tools and equipment over 5 -10 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 38 36
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 1,064,023 876,548 34,412 1,974,983
Additions 11,634 2,860 - 14,494
Disposals - - (8,486) (8,486)
At 31 December 2024 1,075,657 879,408 25,926 1,980,991
Depreciation
At 1 January 2024 - 821,474 30,326 851,800
Charge for the year - 14,099 644 14,743
On disposals - - (6,976) (6,976)
At 31 December 2024 - 835,573 23,994 859,567
Net book value
At 31 December 2024 1,075,657 43,835 1,932 1,121,424
At 31 December 2023 1,064,023 55,074 4,086 1,123,183
4 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 January 2024 20 1,597,806 1,597,826
Transfer from fixed assets 2 - 2
At 31 December 2024 22 1,597,806 1,597,828
5 Debtors 2024 2023
£ £
Trade debtors 4,018 1,117
Amounts owed by group undertakings and undertakings in which the company has a participating interest 6,809,450 4,944,019
Other debtors 1,527,201 1,380,618
8,340,669 6,325,754
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 40,269 35,410
Amounts owed to group undertakings and undertakings in which the company has a participating interest 9,247,047 6,982,806
Taxation and social security costs 107,652 143,779
Other creditors 969,964 331,595
10,364,932 7,493,590
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 90,888 146,454
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr M Thomas
Loans to director - interest free 509,791 434,497 (1,541,384) (597,096)
Repaid in year
509,791 434,497 (1,541,384) (597,096)
9 Related party transactions
The company has loaned £1,391,642 (2023 £753,258) interest free to a company in which Mr M Thomas is a director and shareholder.
A fixed and floating charge was created on 22 August 2024 across all the assets held in the group, for security to the director for monies owed.
10 Controlling party
The company is owned by SW Energy Holdings Ltd.
11 Other information
S W Energy Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Burlington House 4th Floor
Crosby Road North
Liverpool
L22 0LG
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