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Registered number: 8570075

A Swift Builders Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023

Prepared By:
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

A Swift Builders Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
DIRECTORS
A Swift
REGISTERED OFFICE
205 OUTGANG LANE
SHEFFIELD
SOUTH YORKSHIRE
S25 3QY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 8570075
ACCOUNTANTS
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

A Swift Builders Limited

ACCOUNTS
FOR THEYEARENDED30/06/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

A Swift Builders Limited

BALANCE SHEET AT 30/06/2023
20232022
Notes££
FIXED ASSETS
Tangible assets38,86311,548
CURRENT ASSETS
Stock20,83315,710
Debtors5-456
Cash at bank and in hand27,13612,782
47,96928,948
CREDITORS: Amounts falling due within one year644,64339,992
NET CURRENT ASSETS / (LIABILITIES)3,326(11,044)
TOTAL ASSETS LESS CURRENT LIABILITIES12,189504
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account12,089404
SHAREHOLDERS' FUNDS12,189504
For the year ending 30/06/2023 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 20/10/2023 and signed on their behalf by
.............................
A Swift
Director

A Swift Builders Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 25%
Commercial Vehicles 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20232022
No.No.
Average number of employees22
3. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesTotal
£££
Cost
At 01/07/20226,34940,54946,898
At 30/06/20236,34940,54946,898
Depreciation
At 01/07/20224,33031,02035,350
For the year3032,3822,685
At 30/06/20234,63333,40238,035
Net Book Amounts
At 30/06/20231,7167,1478,863
At 30/06/20222,0199,52911,548

A Swift Builders Limited

4. STOCK 20232022
££
Stock comprises:
Stock-5,790
Work in progress20,8339,920
20,83315,710
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors-456
-456
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax4,238-
VAT5,5621,908
Directors current account16,7342,668
Bank Loan11,96215,834
Trade creditors5,14718,582
Accruals1,0001,000
44,64339,992
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100