Swansea Home Improvements Limited

	Page
Company Information	1
Accountants' Report	2
Balance Sheet	3—4
Notes to the Financial Statements	5—8

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Accountants' Report

For The Year Ended 31 August 2025

Accountants' Report

Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Swansea Home Improvements Limited for the year ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Swansea Home Improvements Limited for the year ended 31 August 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Swansea Home Improvements Limited , as a body, in accordance with the terms of our engagement letter dated 16 April 2025. Our work has been undertaken solely to prepare for your approval the accounts of Swansea Home Improvements Limited and state those matters that we have agreed to state to the director of Swansea Home Improvements Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Swansea Home Improvements Limited and its director, as a body, for our work or for this report.

It is your duty to ensure that Swansea Home Improvements Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Swansea Home Improvements Limited . You consider that Swansea Home Improvements Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Swansea Home Improvements Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

11 May 2026

John F Harvey Chartered Accountants

5-6 De La Beche Street

Swansea

SA1 3HA

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Swansea Home Improvements Limited

Balance Sheet

As At 31 August 2025

Balance Sheet

Registered number: 05797696

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		3,207		1,783

			3,207		1,783
CURRENT ASSETS
Debtors	6	1,115		2,555
Cash at bank and in hand		208,336		301,470

		209,451		304,025
Creditors: Amounts Falling Due Within One Year	7	(105,761 )		(108,826 )

NET CURRENT ASSETS (LIABILITIES)			103,690		195,199

TOTAL ASSETS LESS CURRENT LIABILITIES			106,897		196,982

PROVISIONS FOR LIABILITIES
Deferred Taxation			(5,164 )		(6,260 )

NET ASSETS			101,733		190,722

CAPITAL AND RESERVES
Called up share capital	8		10		10
Profit and Loss Account			101,723		190,712

SHAREHOLDERS' FUNDS			101,733		190,722

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Swansea Home Improvements Limited

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

S P Tanner

Director

11 May 2026

The notes on pages 5 to 8 form part of these financial statements.

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Swansea Home Improvements Limited

Notes to the Financial Statements

For The Year Ended 31 August 2025

Notes to the Financial Statements

1. General Information

Swansea Home Improvements Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05797696 . The registered office is 6a Whitegates, Mayals, Swansea, SA3 5HW.

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

2. Accounting Policies

2.1. Basis of Preparation of 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.

2.2. Turnover

Turnover is the total invoiced amount, less refunds and excluding value added tax, receivable by the company for the provision goods and services and relates to continuing operations. Deposits received from customers for work completed after the year end are carried forward as income in advance each year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of ten years.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

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.

Computer software is being amortised evenly over its estimated useful life of five years.

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Swansea Home Improvements Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.5. Tangible Fixed Assets and Depreciation

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

Plant & Machinery	25% on cost
Motor Vehicles	25% on cost
Fixtures & Fittings	10% on cost
Computer Equipment	10% on cost

2.6. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 taxation

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 September 2024	400,000	2,000	402,000

As at 31 August 2025	400,000	2,000	402,000

Amortisation
As at 1 September 2024	400,000	2,000	402,000

As at 31 August 2025	400,000	2,000	402,000

...CONTINUED

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Swansea Home Improvements Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Net Book Value
As at 31 August 2025	-	-	-

As at 1 September 2024	-	-	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 September 2024	984	46,243	4,211	51,438
Additions	-	-	1,959	1,959

As at 31 August 2025	984	46,243	6,170	53,397

Depreciation
As at 1 September 2024	983	46,241	2,431	49,655
Provided during the period	-	-	535	535

As at 31 August 2025	983	46,241	2,966	50,190

Net Book Value
As at 31 August 2025	1	2	3,204	3,207

As at 1 September 2024	1	2	1,780	1,783

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,115	2,555

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	49,324	38,775
Corporation tax	26,677	36,828
PAYE & NI creditor	1,013	1,003
VAT	11,730	12,523
Accruals and deferred income	16,156	18,815
Director's loan account	861	882

	105,761	108,826

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Swansea Home Improvements Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10	10

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Director	S P Tanner

Secretary	J M Tanner

Company Number	05797696

Registered Office	6a Whitegates
	Mayals
	Swansea
	SA3 5HW

Accountants	John F Harvey Chartered Accountants
	5-6 De La Beche Street
	Swansea
	SA1 3HA