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REGISTERED NUMBER: 04692061 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

SWIFT CATERING SUPPLIES LTD

SWIFT CATERING SUPPLIES LTD (REGISTERED NUMBER: 04692061)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SWIFT CATERING SUPPLIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: T P Richards
Miss T Little
A M Waterhouse





REGISTERED OFFICE: The Old School
The Stennack
St Ives
Cornwall
TR26 1QU





REGISTERED NUMBER: 04692061 (England and Wales)





ACCOUNTANTS: Greenwood Wilson
The Old School
The Stennack
St Ives
Cornwall
TR26 1QU

SWIFT CATERING SUPPLIES LTD (REGISTERED NUMBER: 04692061)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,331 64,193

CURRENT ASSETS
Stocks 150,000 155,000
Debtors 5 254,945 243,224
Cash at bank and in hand 67,186 83,940
472,131 482,164
CREDITORS
Amounts falling due within one year 6 220,308 237,018
NET CURRENT ASSETS 251,823 245,146
TOTAL ASSETS LESS CURRENT
LIABILITIES

320,154

309,339

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 320,052 309,237
SHAREHOLDERS' FUNDS 320,154 309,339

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by:





T P Richards - Director


SWIFT CATERING SUPPLIES LTD (REGISTERED NUMBER: 04692061)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Swift Catering Supplies Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 etc - 25% on reducing balance, 10% on reducing balance and Straight line over 3 years

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

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 17 (2022 - 15 ) .

SWIFT CATERING SUPPLIES LTD (REGISTERED NUMBER: 04692061)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 187,317
Additions 22,464
Disposals (10,264 )
At 31 March 2023 199,517
DEPRECIATION
At 1 April 2022 123,124
Charge for year 18,326
Eliminated on disposal (10,264 )
At 31 March 2023 131,186
NET BOOK VALUE
At 31 March 2023 68,331
At 31 March 2022 64,193

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 206,521 190,201
Other debtors 30,949 53,023
237,470 243,224

Amounts falling due after more than one year:
Other debtors 17,475 -

Aggregate amounts 254,945 243,224

The overdrawn directors current account was repaid within 9 months of the year end.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 144,877 165,756
Taxation and social security 71,423 67,519
Other creditors 4,008 3,743
220,308 237,018

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T P Richards.