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Registered number: 05873653
SW Auto Repairs Ltd
Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05873653
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 375 469
375 469
CURRENT ASSETS
Debtors 6 5,154 414
5,154 414
Creditors: Amounts Falling Due Within One Year 7 (90,738 ) (71,276 )
NET CURRENT ASSETS (LIABILITIES) (85,584 ) (70,862 )
TOTAL ASSETS LESS CURRENT LIABILITIES (85,209 ) (70,393 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (140 ) (140 )
NET LIABILITIES (85,349 ) (70,533 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (85,351 ) (70,535 )
SHAREHOLDERS' FUNDS (85,349) (70,533)
Page 1
Page 2
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 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 Webster
Director
19 June 2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SW Auto Repairs Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05873653 . The registered office is 1 Hookhouse Farm, Isaacs Lane, Haywards Heath, West Sussex, RH16 4RZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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 profit and loss account over its estimated economic life.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Computer Equipment 20% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2025: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2025 17,600
As at 31 March 2026 17,600
Amortisation
As at 1 April 2025 17,600
As at 31 March 2026 17,600
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2026 -
As at 1 April 2025 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2025 3,625 7,350 477 11,452
As at 31 March 2026 3,625 7,350 477 11,452
Depreciation
As at 1 April 2025 3,405 7,185 393 10,983
Provided during the period 44 33 17 94
As at 31 March 2026 3,449 7,218 410 11,077
Net Book Value
As at 31 March 2026 176 132 67 375
As at 1 April 2025 220 165 84 469
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 514 410
Other debtors 4,640 4
5,154 414
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 2,490 54
Bank loans and overdrafts 2,778 9,266
Other creditors 85,470 61,956
90,738 71,276
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2 2
Page 4