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REGISTERED NUMBER: 07584195 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

SWIFT INTERNATIONAL (UK) LTD

SWIFT INTERNATIONAL (UK) LTD (REGISTERED NUMBER: 07584195)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWIFT INTERNATIONAL (UK) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M W Swift
R Zhao





SECRETARY: R Zhao





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 07584195 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

SWIFT INTERNATIONAL (UK) LTD (REGISTERED NUMBER: 07584195)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,229 2,930
Investments 5 100,000 100,000
102,229 102,930

CURRENT ASSETS
Debtors 6 6 43,834
Cash at bank and in hand 2,850 14,150
2,856 57,984
CREDITORS
Amounts falling due within one year 7 175,070 163,880
NET CURRENT LIABILITIES (172,214 ) (105,896 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(69,985

)

(2,966

)

CREDITORS
Amounts falling due after more than one
year

8

-

(8,369

)

PROVISIONS FOR LIABILITIES - (557 )
NET LIABILITIES (69,985 ) (11,892 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (70,085 ) (11,992 )
SHAREHOLDERS' FUNDS (69,985 ) (11,892 )

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.

SWIFT INTERNATIONAL (UK) LTD (REGISTERED NUMBER: 07584195)

BALANCE SHEET - continued
31 MARCH 2023


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 17 October 2023 and were signed on its behalf by:





R Zhao - Director


SWIFT INTERNATIONAL (UK) LTD (REGISTERED NUMBER: 07584195)

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

1. STATUTORY INFORMATION

Swift International (UK) 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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Office equipment - 25% on reducing balance

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 4 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 13,331
DEPRECIATION
At 1 April 2022 10,401
Charge for year 701
At 31 March 2023 11,102
NET BOOK VALUE
At 31 March 2023 2,229
At 31 March 2022 2,930

SWIFT INTERNATIONAL (UK) LTD (REGISTERED NUMBER: 07584195)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 100,000
NET BOOK VALUE
At 31 March 2023 100,000
At 31 March 2022 100,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 120
Other debtors 6 43,714
6 43,834

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 6,657 8,333
Payments on account 52,911 52,911
Trade creditors - 108
Other creditors 115,502 102,528
175,070 163,880

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 8,369

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100