SRW Investments Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 02338584 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2017

for

SRW Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Chatt

Mrs A J Chatt

Miss R J Mudd

REGISTERED OFFICE:

Unit 4 Harbour Way

Shoreham Beach

Shoreham By Sea

West Sussex

BN43 5HZ

REGISTERED NUMBER:

02338584 (England and Wales)

ACCOUNTANTS:

Reeves Wilkinson Limited trading as Botting & Co

Chartered Certified Accountants

41b Beach Road

Littlehampton

West Sussex

BN17 5JA

FIXED ASSETS

Tangible assets

4

63,363

72,354

Investments

5

1

-

63,364

72,354

CURRENT ASSETS

Stocks

443,109

395,874

Debtors

6

173,367

171,368

Cash at bank and in hand

611,167

554,947

1,227,643

1,122,189

CREDITORS

Amounts falling due within one year

7

234,639

265,684

NET CURRENT ASSETS

993,004

856,505

TOTAL ASSETS LESS CURRENT LIABILITIES

1,056,368

928,859

PROVISIONS FOR LIABILITIES

1,814

2,750

NET ASSETS

1,054,554

926,109

CAPITAL AND RESERVES

Called up share capital

7,778

7,778

Capital redemption reserve

2,222

2,222

Retained earnings

1,044,554

916,109

SHAREHOLDERS' FUNDS

1,054,554

926,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 August 2017 and were signed on its behalf by:

D Chatt - Director

1.	STATUTORY INFORMATION

SRW Investments Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

in accordance with the property

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 March 2016

and 28 February 2017

167,102

19,055

42,031

228,188

DEPRECIATION

At 1 March 2016

108,329

5,537

41,968

155,834

Charge for year

5,548

3,380

63

8,991

At 28 February 2017

113,877

8,917

42,031

164,825

NET BOOK VALUE

At 28 February 2017

53,225

10,138

-

63,363

At 29 February 2016

58,773

13,518

63

72,354

5.	FIXED ASSET INVESTMENTS

The fixed asset investment comprises a 100% holding in Sussex Refrigeration Wholesale Ltd (company number

10580602), a company incorporated on 24th January 2017.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Trade debtors

165,367

163,368

Other debtors

8,000

8,000

173,367

171,368

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Trade creditors

156,335

186,228

Taxation and social security

73,314

74,997

Other creditors

4,990

4,459

234,639

265,684

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Chatt.