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Registration number: 07319979

South Wales Building & Construction Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

South Wales Building & Construction Ltd

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 4

South Wales Building & Construction Ltd

Statement of Financial Position as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 86,851 | 102,240
Current assets |  |  |
Stocks |  | 6,000 | 7,000
Debtors | 5 | 397,164 | 308,854
Cash at bank and in hand |  | 502,559 | 356,030
|  | 905,723 | 671,884
Creditors: Amounts falling due within one year | 6 | (337,167) | (227,143)
Net current assets |  | 568,556 | 444,741
Total assets less current liabilities |  | 655,407 | 546,981
Provisions for liabilities |  | (21,713) | (25,560)
Net assets |  | 633,694 | 521,421
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 633,594 | 521,321
Shareholders' funds |  | 633,694 | 521,421

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

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 13 May 2026

......................................... Mr Darran Paul Charles Director

(Registration number: 07319979)

South Wales Building & Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1A, Darren Drive
Prince of Wales Industrial Estate
Abercarn
Newport
NP11 5AR
Wales

These financial statements were authorised for issue by the director on 13 May 2026.

2 | Accounting policies

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.
The financial statements are prepared in sterling, which is the functional currency of the entity.

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.

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.

South Wales Building & Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

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 statement of financial position 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 | 20% straight line
Motor vehicles | 20% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
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.

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.

Defined contribution pension obligation

Contributions to defined contribution plans are recognised as employee benefit expense when they are due.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 24 (2024 - 22).

South Wales Building & Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4 | Tangible assets

| Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 August 2024 | 50,000 | 209,457 | 259,457
Additions | 10,355 | 10,249 | 20,604
At 31 July 2025 | 60,355 | 219,706 | 280,061
Depreciation
At 1 August 2024 | 45,583 | 111,634 | 157,217
Charge for the year | 2,917 | 33,076 | 35,993
At 31 July 2025 | 48,500 | 144,710 | 193,210
Carrying amount
At 31 July 2025 | 11,855 | 74,996 | 86,851
At 31 July 2024 | 4,417 | 97,823 | 102,240

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 314,060 | 207,398
Prepayments | 3,104 | -
Other debtors | 80,000 | 101,456
| 397,164 | 308,854

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 118,296 | 81,192
Taxation and social security | 158,078 | 120,016
Accruals and deferred income | 2,365 | 2,320
Other creditors | 58,428 | 23,615
| 337,167 | 227,143