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Company Registration No. 07881069 (England and Wales)
R W Projects South West Limited Unaudited accounts for the year ended 31 March 2026
R W Projects South West Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
R W Projects South West Limited Company Information for the year ended 31 March 2026
Directors
R Williams N Hale
Company Number
07881069 (England and Wales)
- 3 -
R W Projects South West Limited Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
428,849
473,852
Current assets
Inventories
54,048
48,258
Debtors
5
608,479
275,530
Cash at bank and in hand
407,087
332,627
1,069,614
656,415
Creditors: amounts falling due within one year
6
(466,429)
(230,950)
Net current assets
603,185
425,465
Total assets less current liabilities
1,032,034
899,317
Creditors: amounts falling due after more than one year
7
(173,571)
(344,758)
Provisions for liabilities
Deferred tax
(21,369)
(32,827)
Net assets
837,094
521,732
Capital and reserves
Called up share capital
100
100
Profit and loss account
836,994
521,632
Shareholders' funds
837,094
521,732
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2026 and were signed on its behalf by
R Williams Director Company Registration No. 07881069
- 4 -
R W Projects South West Limited Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
R W Projects South West Limited is a private company, limited by shares, registered in England and Wales, registration number 07881069.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not depreciated
Motor vehicles
20% on cost
Fixtures & fittings
20% on cost
Computer equipment
20% on cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
R W Projects South West Limited Notes to the Accounts for the year ended 31 March 2026
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Going concern
At the time of approving the financial statements, the directors havea reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2025
320,000
10,015
207,650
38,071
27,350
603,086
Additions
-
-
-
-
10,832
10,832
Disposals
-
-
(59,731)
-
-
(59,731)
At 31 March 2026
320,000
10,015
147,919
38,071
38,182
554,187
Depreciation
At 1 April 2025
-
10,015
80,274
15,189
23,756
129,234
Charge for the year
-
-
30,376
7,615
2,809
40,800
On disposals
-
-
(44,696)
-
-
(44,696)
At 31 March 2026
-
10,015
65,954
22,804
26,565
125,338
Net book value
At 31 March 2026
320,000
-
81,965
15,267
11,617
428,849
At 31 March 2025
320,000
-
127,376
22,882
3,594
473,852
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
577,322
243,861
Accrued income and prepayments
19,864
16,647
Other debtors
1,071
2,222
598,257
262,730
Amounts falling due after more than one year
Other debtors
10,222
12,800
- 6 -
R W Projects South West Limited Notes to the Accounts for the year ended 31 March 2026
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
12,225
85,750
VAT
14,343
15,966
Obligations under finance leases and hire purchase contracts
25,374
25,374
Trade creditors
189,147
45,557
Taxes and social security
205,838
69,545
Other creditors
-
(302)
Loans from directors
13,048
(19,769)
Accruals
6,454
8,829
466,429
230,950
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
118,077
264,253
Obligations under finance leases and hire purchase contracts
53,780
79,712
Other creditors
1,714
793
173,571
344,758
8
Average number of employees
During the year the average number of employees was 23 (2025: 23).
- 7 -