Southwest Digital Systems Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04570480 (England and Wales)

Southwest Digital Systems Limited

Unaudited Financial Statements for the Year Ended 30 November 2025

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

N Gass

P N F Macfarlane

REGISTERED OFFICE:

Unit 3 Suprema Industrial Estate

Edington

Bridgwater

Somerset

TA7 9LF

REGISTERED NUMBER:

04570480 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

Lloyds Bank plc

25 Cornhill

Bridgwater

Somerset

TA6 3AY

FIXED ASSETS

Tangible assets

5

2,646

3,647

CURRENT ASSETS

Stocks

35,041

42,269

Debtors

149,274

121,136

Cash at bank and in hand

265,945

191,242

450,260

354,647

CREDITORS

Amounts falling due within one year

254,902

228,514

NET CURRENT ASSETS

195,358

126,133

TOTAL ASSETS LESS CURRENT
LIABILITIES

198,004

129,780

CAPITAL AND RESERVES

Called up share capital

6

124

Capital redemption reserve

76

Retained earnings

197,804

129,580

SHAREHOLDERS' FUNDS

198,004

129,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 November 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 April 2026 and were signed on its behalf by:

P N F Macfarlane - Director

1.	STATUTORY INFORMATION

Southwest Digital Systems Limited 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.	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 provisions of Section 1A "Small Entities" 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.

The financial statements have been prepared in accordance with applicable accounting standards and estimation techniques.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Fixtures and fittings

-

33% on cost and 15% on reducing balance

Stocks

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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2024

and 30 November 2025

45,594

DEPRECIATION

At 1 December 2024

41,947

Charge for year

1,001

At 30 November 2025

42,948

NET BOOK VALUE

At 30 November 2025

2,646

At 30 November 2024

3,647

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

750

A Ordinary

4p

30

800

B Ordinary

4p

32

750

D Ordinary

4p

30

200

G Ordinary

4p

8

600

H Ordinary

4p

24

124

All classes of shares rank pari passu in all respects.

7.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by it's directors Paul Macfarlane and Nigel Gass by the virtue that they own 74.2% of the issued share capital between them.