IRIS Accounts Production v23.2.0.158 07232162 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072321622022-03-31072321622023-03-31072321622022-04-012023-03-31072321622021-03-31072321622021-04-012022-03-31072321622022-03-3107232162ns10:Originalns15:EnglandWales2022-04-012023-03-3107232162ns14:PoundSterlingns10:Original2022-04-012023-03-3107232162ns10:Originalns10:Director12022-04-012023-03-3107232162ns10:Original2022-04-012023-03-3107232162ns10:Original2023-03-3107232162ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3107232162ns10:Originalns10:SmallEntities2022-04-012023-03-3107232162ns10:Originalns10:AuditExemptWithAccountantsReport2022-04-012023-03-3107232162ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3107232162ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3107232162ns10:Originalns10:FullAccounts2022-04-012023-03-3107232162ns10:Original12022-04-012023-03-3107232162ns10:Originalns10:Director22022-04-012023-03-3107232162ns10:Originalns10:Director32022-04-012023-03-3107232162ns10:Originalns10:RegisteredOffice2022-04-012023-03-3107232162ns10:Original2022-03-3107232162ns10:Originalns5:CurrentFinancialInstruments2023-03-3107232162ns10:Originalns5:CurrentFinancialInstruments2022-03-3107232162ns10:Originalns5:Non-currentFinancialInstruments2023-03-3107232162ns10:Originalns5:Non-currentFinancialInstruments2022-03-3107232162ns5:ShareCapitalns10:Original2023-03-3107232162ns5:ShareCapitalns10:Original2022-03-3107232162ns10:Originalns5:SharePremium2023-03-3107232162ns10:Originalns5:SharePremium2022-03-3107232162ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3107232162ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3107232162ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-012023-03-3107232162ns10:Originalns5:PlantMachinery2022-04-012023-03-3107232162ns10:Originalns5:FurnitureFittings2022-04-012023-03-3107232162ns10:Originalns5:MotorVehicles2022-04-012023-03-3107232162ns10:Originalns5:ComputerEquipment2022-04-012023-03-3107232162ns10:Original2021-04-012022-03-3107232162ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-03-3107232162ns5:IntangibleAssetsOtherThanGoodwillns10:Original2023-03-3107232162ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-03-3107232162ns10:Originalns5:PlantMachinery2022-03-3107232162ns10:Originalns5:FurnitureFittings2022-03-3107232162ns10:Originalns5:MotorVehicles2022-03-3107232162ns10:Originalns5:ComputerEquipment2022-03-3107232162ns10:Original2022-03-3107232162ns10:Originalns5:PlantMachinery2023-03-3107232162ns10:Originalns5:FurnitureFittings2023-03-3107232162ns10:Originalns5:MotorVehicles2023-03-3107232162ns10:Originalns5:ComputerEquipment2023-03-3107232162ns10:Originalns5:PlantMachinery2022-03-3107232162ns10:Originalns5:FurnitureFittings2022-03-3107232162ns10:Originalns5:MotorVehicles2022-03-3107232162ns10:Originalns5:ComputerEquipment2022-03-3107232162ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107232162ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 07232162 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

SWIFTY SCOOTERS LIMITED

SWIFTY SCOOTERS LIMITED (REGISTERED NUMBER: 07232162)

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

Chartered Accountants' Report 7

SWIFTY SCOOTERS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: J Iftakhar
Mrs C J Iftakhar
Y Xiao





REGISTERED OFFICE: Unit 4 Rupert Park
London Road South
Poynton
Cheshire
SK12 1PQ





REGISTERED NUMBER: 07232162 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB

SWIFTY SCOOTERS LIMITED (REGISTERED NUMBER: 07232162)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 550,868 467,797
Tangible assets 5 172,066 156,565
722,934 624,362

CURRENT ASSETS
Stocks 327,532 270,055
Debtors 6 186,021 107,071
Cash at bank 10,881 44,215
524,434 421,341
CREDITORS
Amounts falling due within one year 7 309,033 191,029
NET CURRENT ASSETS 215,401 230,312
TOTAL ASSETS LESS CURRENT
LIABILITIES

938,335

854,674

CREDITORS
Amounts falling due after more than one
year

8

236,708

198,410
NET ASSETS 701,627 656,264

CAPITAL AND RESERVES
Called up share capital 259,155 259,155
Share premium 295,799 295,799
Retained earnings 146,673 101,310
SHAREHOLDERS' FUNDS 701,627 656,264

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.

SWIFTY SCOOTERS LIMITED (REGISTERED NUMBER: 07232162)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2023 and were signed on its behalf by:





J Iftakhar - Director


SWIFTY SCOOTERS LIMITED (REGISTERED NUMBER: 07232162)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Swifty Scooters Limited 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
Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 10% on reducing balance
Computer equipment - at variable rates on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Research and development
Expenditure on research is written off in the year that it is incurred.

Expenditure on development costs that relate to scientific or technological advancements are capitalised in the year that the investment has arisen.

Hire purchase and leasing commitments
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.

SWIFTY SCOOTERS LIMITED (REGISTERED NUMBER: 07232162)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022 467,797
Additions 83,071
At 31 March 2023 550,868
NET BOOK VALUE
At 31 March 2023 550,868
At 31 March 2022 467,797

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 129,677 23,830 19,950 14,673 188,130
Additions 3,351 429 - 18,299 22,079
At 31 March 2023 133,028 24,259 19,950 32,972 210,209
DEPRECIATION
At 1 April 2022 14,138 5,146 2,450 9,831 31,565
Charge for year - 3,801 1,750 1,027 6,578
At 31 March 2023 14,138 8,947 4,200 10,858 38,143
NET BOOK VALUE
At 31 March 2023 118,890 15,312 15,750 22,114 172,066
At 31 March 2022 115,539 18,684 17,500 4,842 156,565

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 35,201 3,801
Other debtors 150,820 103,270
186,021 107,071

SWIFTY SCOOTERS LIMITED (REGISTERED NUMBER: 07232162)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 35,478 28,087
Trade creditors 197,403 107,052
Taxation and social security 25,313 13,695
Other creditors 50,839 42,195
309,033 191,029

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 149,547 40,833
Other creditors 87,161 157,577
236,708 198,410

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 833

9. ULTIMATE CONTROLLING PARTY

The controlling party is J Iftakhar.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SWIFTY SCOOTERS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Swifty Scooters Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Swifty Scooters Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Swifty Scooters Limited and state those matters that we have agreed to state to the Board of Directors of Swifty Scooters Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Swifty Scooters Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Swifty Scooters Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Swifty Scooters Limited. You consider that Swifty Scooters Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Swifty Scooters Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB


21 September 2023