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REGISTERED NUMBER: 06965863 (England and Wales)











ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

SW COMMERCIALS LIMITED

SW COMMERCIALS LIMITED (REGISTERED NUMBER: 06965863)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

SW COMMERCIALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2014







DIRECTOR: S J Williams





SECRETARY: Mrs M A Williams





REGISTERED OFFICE: The Old Carriage Works
Moresk Road
TRURO
Cornwall
TR1 1DG





REGISTERED NUMBER: 06965863 (England and Wales)





ACCOUNTANTS: Lang Bennetts Chartered Accountants
The Old Carriage Works
Moresk Road
TRURO
Cornwall
TR1 1DG

SW COMMERCIALS LIMITED (REGISTERED NUMBER: 06965863)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 45,000 48,000
Tangible assets 3 23,298 21,462
68,298 69,462

CURRENT ASSETS
Stocks 5,000 4,546
Debtors 136,775 151,564
Cash at bank 11,116 17,615
152,891 173,725
CREDITORS
Amounts falling due within one year 167,331 184,916
NET CURRENT LIABILITIES (14,440 ) (11,191 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,858

58,271

CREDITORS
Amounts falling due after more than one
year

(15,916
)
(18,000
)

PROVISIONS FOR LIABILITIES (3,680 ) (3,091 )
NET ASSETS 34,262 37,180

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 34,162 37,080
SHAREHOLDERS' FUNDS 34,262 37,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 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.

SW COMMERCIALS LIMITED (REGISTERED NUMBER: 06965863)

ABBREVIATED BALANCE SHEET - continued
30 SEPTEMBER 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 23 December 2014 and were signed by:





S J Williams - Director


SW COMMERCIALS LIMITED (REGISTERED NUMBER: 06965863)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
At the period end, the company's balance sheet shows net current liabilities of £12,873. The director has
indicated that he is willing to support the company for the foreseeable future. On this basis, and with the
continued support of the company's creditors, he considers it appropriate to prepare the financial statements on a
going concern basis.

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc - 25% on reducing balance and 15% on cost

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

SW COMMERCIALS LIMITED (REGISTERED NUMBER: 06965863)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2014

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2013
and 30 September 2014 60,000
AMORTISATION
At 1 October 2013 12,000
Amortisation for year 3,000
At 30 September 2014 15,000
NET BOOK VALUE

At 30 September 2014 45,000
At 30 September 2013 48,000

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2013 44,668
Additions 9,651
At 30 September 2014 54,319
DEPRECIATION
At 1 October 2013 23,206
Charge for year 7,815
At 30 September 2014 31,021
NET BOOK VALUE
At 30 September 2014 23,298
At 30 September 2013 21,462

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £1 100 100

SW COMMERCIALS LIMITED (REGISTERED NUMBER: 06965863)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2014

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 September 2014 and the
period ended 30 September 2013:

2014 2013
£    £   
S J Williams
Balance outstanding at start of year 15,356 15,153
Amounts advanced 54,221 30,493
Amounts repaid (53,020 ) (30,290 )
Balance outstanding at end of year 16,557 15,356