Swansea Couriers Limited - Filleted accounts

Registered number

04590715

Swansea Couriers Limited

Unaudited Filleted Accounts

28 February 2025

Swansea Couriers Limited
Registered number:		04590715
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		124,756			123,442

Current assets
Debtors	4	62,202			98,539
Cash at bank and in hand		122,147			148,963
		184,349			247,502

Creditors: amounts falling due within one year	5	(44,668)			(55,332)

Net current assets			139,681			192,170

Total assets less current liabilities			264,437			315,612


Provisions for liabilities			(23,794)			(23,454)


Net assets			240,643			292,158

Capital and reserves
Called up share capital			2			2
Profit and loss account			240,641			292,156

Shareholders' funds			240,643			292,158

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr K John
Director
Approved by the board on 22 November 2025

Swansea Couriers Limited
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Grants
	Grants are recognised in full in the profit and loss account in the year in which they are receivable.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			12		9


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 March 2024	22,327		229,697		252,024
	Additions	-		49,898		49,898
	Disposals	-		(47,450)		(47,450)
	At 28 February 2025	22,327		232,145		254,472

	Depreciation
	At 1 March 2024	21,852		106,730		128,582
	Charge for the year	475		33,489		33,964
	On disposals	-		(32,830)		(32,830)
	At 28 February 2025	22,327		107,389		129,716

	Net book value
	At 28 February 2025	-		124,756		124,756
	At 29 February 2024	475		122,967		123,442


4	Debtors			2025		2024
£					£

	Trade debtors			52,789		91,170
	Other debtors			9,413		7,369
				62,202		98,539


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			11,113		10,444
	Taxation and social security costs			23,337		36,161
	Other creditors			10,218		8,727
				44,668		55,332


6	Other financial commitments			2025		2024
£					£

	Total future minimum payments under non-cancellable operating leases			12,000		12,000


7	Related party transactions

	Dividends totalling £48,000 (2024 - £48,000) were paid to the directors during the year. The directors received no remuneration during the year.
	The company's premises are owned by the directors. The company occupies the premises under licence which the directors consider to be on commercial terms.


8	Controlling party

	The company is under the ultimate control of the directors by virtue of their shareholdings.


9	Other information

	Swansea Couriers Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
	Unit 9, Garngoch Industrial Estate
	Gorseinon
	Swansea
	SA4 9WG