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REGISTERED NUMBER: 03589110 (England and Wales)







ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

SWG FLOORING LTD

SWG FLOORING LTD (REGISTERED NUMBER: 03589110)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016










Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

SWG FLOORING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2016







DIRECTORS: P W Duffin
S M Key





SECRETARY: P W Duffin





REGISTERED OFFICE: Unit 5
Race Course Industrial Park
Mansfield Road
DERBY
Derbyshire
DE21 4SX





REGISTERED NUMBER: 03589110 (England and Wales)





ACCOUNTANTS: Smith Cooper Limited
Chartered Accountants
St.Helens House
King Street
Derby
DE1 3EE

SWG FLOORING LTD (REGISTERED NUMBER: 03589110)

ABBREVIATED BALANCE SHEET
30 JUNE 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 659 490

CURRENT ASSETS
Stocks 26,925 31,223
Debtors 57,703 60,767
Cash at bank 142,062 110,416
226,690 202,406
CREDITORS
Amounts falling due within one year 36,264 52,555
NET CURRENT ASSETS 190,426 149,851
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,085

150,341

PROVISIONS FOR LIABILITIES 114 76
NET ASSETS 190,971 150,265

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 190,871 150,165
SHAREHOLDERS' FUNDS 190,971 150,265

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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.

SWG FLOORING LTD (REGISTERED NUMBER: 03589110)

ABBREVIATED BALANCE SHEET - continued
30 JUNE 2016


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 Board of Directors on 23 December 2016 and were signed on
its behalf by:





S M Key - Director


SWG FLOORING LTD (REGISTERED NUMBER: 03589110)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016


1. ACCOUNTING POLICIES

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 January 2015).

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

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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015 15,620
Additions 428
At 30 June 2016 16,048
DEPRECIATION
At 1 July 2015 15,130
Charge for year 259
At 30 June 2016 15,389
NET BOOK VALUE
At 30 June 2016 659
At 30 June 2015 490

SWG FLOORING LTD (REGISTERED NUMBER: 03589110)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 JUNE 2016


3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100