SW WARWICKSHIRE LIMITED - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08961164 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

FOR

SW WARWICKSHIRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A J Dixon

REGISTERED OFFICE:

Unit C Westfield Road

Kineton Road Industrial Estate

Southam

Warwickshire

CV47 0JH

REGISTERED NUMBER:

08961164 (England and Wales)

ACCOUNTANTS:

Prime

Chartered Accountants

5 Argosy Court

Scimitar Way

Whitley Business Park

Coventry

CV3 4GA

FIXED ASSETS

Tangible assets

4

16,338

19,990

CURRENT ASSETS

Stocks

27,238

27,319

Debtors

5

16,659

28,833

Cash at bank

141,570

99,467

185,467

155,619

CREDITORS

Amounts falling due within one year

6

93,663

82,134

NET CURRENT ASSETS

91,804

73,485

TOTAL ASSETS LESS CURRENT LIABILITIES

108,142

93,475

CREDITORS

Amounts falling due after more than one year

7

(67,288

)

(76,480

)

PROVISIONS FOR LIABILITIES

(1,366

)

(1,117

)

NET ASSETS

39,488

15,878

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

39,388

15,778

SHAREHOLDERS' FUNDS

39,488

15,878

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 27 March 2018 and were signed by:

A J Dixon - Director

1.	STATUTORY INFORMATION

SW WARWICKSHIRE 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.

Plant and machinery

-

15%/25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling

costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2016 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 July 2016

29,488

Additions

2,250

Disposals

(3,750

)

At 30 June 2017

27,988

DEPRECIATION

At 1 July 2016

9,498

Charge for year

3,090

Eliminated on disposal

(938

)

At 30 June 2017

11,650

NET BOOK VALUE

At 30 June 2017

16,338

At 30 June 2016

19,990

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

16,369

28,518

Other debtors

290

315

16,659

28,833

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

20,065

11,729

Taxation and social security

35,878

41,154

Other creditors

37,720

29,251

93,663

82,134

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

67,288

76,480

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A J Dixon and P Dixon.