REGISTERED NUMBER: 08911806 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

South West Removals & Storage Ltd

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

Directors:

J Day

Mrs K Day

Registered office:

Abacus House

129 North Hill

Plymouth

Devon

PL4 8JY

Business address:

Unit 4 Joshua Park, 1 Bell Close

Plympton

Plymouth

Devon

PL7 4FF

Registered number:

08911806 (England and Wales)

Accountants:

Websters

129 North Hill

Plymouth

Devon

PL4 8JY

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

508,463

519,554

508,463

519,554

Current assets

Debtors

6

9,112

1,590

Cash at bank and in hand

27,683

18,061

36,795

19,651

Creditors

Amounts falling due within one year

7

188,734

166,149

Net current liabilities

(151,939

)

(146,498

)

Total assets less current liabilities

356,524

373,056

Creditors

Amounts falling due after more than one year

8

(324,325

)

(326,957

)

Provisions for liabilities

10

(25,800

)

(26,600

)

Net assets

6,399

19,499

Capital and reserves

Called up share capital

11

100

100

Retained earnings

6,299

19,399

Shareholders' funds

6,399

19,499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 July 2026 and were signed on its behalf by:

Mrs K Day - Director

1.	STATUTORY INFORMATION

South West Removals & Storage Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, business address and registered office address can be found on the company information page.

2.	ACCOUNTING POLICIES

Basis of preparing the 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.

Turnover

Turnover represents amounts receivable in respect of services provided, net of value added tax. Turnover for removal services is recognised upon completion of the move. Rental of storage space is recognised in the period to which the rental income relates, adjusting for amounts in advance or arrears at the balance sheet date.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years and was fully amortised by 31st March 2021.

Intangible assets

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.

Tangible fixed assets

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

Property

- Straight line over 50 years

Equipment

- 15% on reducing balance

Motor vehicles

- 25% on reducing balance

Land

- No depreciation

Leased vehicles

- Straight line over primary lease period

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & 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 tax

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.

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.

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 and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

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 and subsequently measured at amortised cost determined using the effective interest method.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2025 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 April 2025

and 31 March 2026

10,000

Amortisation

At 1 April 2025

and 31 March 2026

10,000

Net book value

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Motor

Property

Equipment

vehicles

Totals

£

£

£

£

Cost

At 1 April 2025

547,890

18,751

57,874

624,515

Additions

-

4,445

-

4,445

Disposals

-

-

(5,199

)

(5,199

)

At 31 March 2026

547,890

23,196

52,675

623,761

Depreciation

At 1 April 2025

57,438

11,439

36,084

104,961

Charge for year

8,958

1,319

4,793

15,070

Eliminated on disposal

-

-

(4,733

)

(4,733

)

At 31 March 2026

66,396

12,758

36,144

115,298

Net book value

At 31 March 2026

481,494

10,438

16,531

508,463

At 31 March 2025

490,452

7,312

21,790

519,554

Included in cost of land and buildings is land of £100,000 (2025 - £100,000) which is not depreciated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

8,112

242

Other debtors

1,000

1,348

9,112

1,590

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

8,595

6,291

Taxation and social security

40,866

24,562

Other creditors

139,273

135,296

188,734

166,149

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

324,325

326,957

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

319,358

319,358

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank overdraft

6,945

-

Bank loans

325,975

333,248

332,920

333,248

The bank borrowing is secured by way of a fixed charge over the company property and the finance leases are secured against the relevant assets.

10.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

25,800

26,600

Deferred

tax

£

Balance at 1 April 2025

26,600

Provided during year

(800

)

Balance at 31 March 2026

25,800

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

12.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the following amount to related parties who are both directors and shareholders of the company:

Mr J and Mrs K Day

£133,221

Interest of £4,500 (2025 - £4,500) was paid on the above amount by the company.

13.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors.