EXSWIFT FUELS LTD

Company Registration Number:
10806988 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

EXSWIFT FUELS LTD

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

EXSWIFT FUELS LTD

Balance sheet

As at 30 June 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 63,250 62,000
Tangible assets: 4 1,218,811 880,807
Total fixed assets: 1,282,061 942,807
Current assets
Stocks: 732,949 680,995
Debtors:   594,265 803,735
Cash at bank and in hand: 349,813 219,731
Total current assets: 1,677,027 1,704,461
Creditors: amounts falling due within one year:   (1,558,568) (1,640,267)
Net current assets (liabilities): 118,459 64,194
Total assets less current liabilities: 1,400,520 1,007,001
Creditors: amounts falling due after more than one year:   (300,969) (38,998)
Provision for liabilities: (131,135) (185,940)
Total net assets (liabilities): 968,416 782,063
Capital and reserves
Called up share capital: 160,104 160,104
Profit and loss account: 808,312 621,959
Shareholders funds: 968,416 782,063

The notes form part of these financial statements

EXSWIFT FUELS LTD

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 October 2023
and signed on behalf of the board by:

Name: Mr B M McDonald
Status: Director

The notes form part of these financial statements

EXSWIFT FUELS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

EXSWIFT FUELS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 11 12

EXSWIFT FUELS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Intangible Assets

Total
Cost £
At 01 July 2022 62,000
Additions 1,250
At 30 June 2023 63,250
Amortisation
At 01 July 2022 0
Charge for year 0
At 30 June 2023 0
Net book value
At 30 June 2023 63,250
At 30 June 2022 62,000

EXSWIFT FUELS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Tangible Assets

Total
Cost £
At 01 July 2022 1,183,573
Additions 553,086
At 30 June 2023 1,736,659
Depreciation
At 01 July 2022 302,766
Charge for year 215,082
At 30 June 2023 517,848
Net book value
At 30 June 2023 1,218,811
At 30 June 2022 880,807