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Company Registration No. 07680861 (England and Wales)
SWIFT LAWYERS LIMITED Unaudited accounts for the year ended 30 September 2023
SWIFT LAWYERS LIMITED Unaudited accounts Contents
Page
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SWIFT LAWYERS LIMITED Company Information for the year ended 30 September 2023
Directors
Miss Nazira Adam Mr Robert Lewis Miss Fozia Bibi
Company Number
07680861 (England and Wales)
Registered Office
TYMARK HOUSE 47 BREIGHTMET STREET BOLTON BL2 1BR ENGLAND
Accountants
Xeinadin Group Regent House Folds Road Bolton BL1 2RZ
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SWIFT LAWYERS LIMITED Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,412 
17,819 
Current assets
Inventories
767,000 
311,000 
Debtors
48,169 
9,331 
Cash at bank and in hand
4,857 
6,122 
820,026 
326,453 
Creditors: amounts falling due within one year
(462,871)
(299,405)
Net current assets
357,155 
27,048 
Total assets less current liabilities
370,567 
44,867 
Creditors: amounts falling due after more than one year
(279,904)
(219,412)
Provisions for liabilities
Deferred tax
(2,549)
(3,386)
Net assets/(liabilities)
88,114 
(177,931)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
88,113 
(177,932)
Shareholders' funds
88,114 
(177,931)
For the year ending 30 September 2023 the company was entitled to exemption from audit 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 the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by
Miss Nazira Adam Director Company Registration No. 07680861
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SWIFT LAWYERS LIMITED Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
SWIFT LAWYERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07680861. The registered office is TYMARK HOUSE, 47 BREIGHTMET STREET, BOLTON, BL2 1BR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Computer equipment
20% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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SWIFT LAWYERS LIMITED Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 October 2022
55,040 
Additions
301 
At 30 September 2023
55,341 
Depreciation
At 1 October 2022
37,221 
Charge for the year
4,708 
At 30 September 2023
41,929 
Net book value
At 30 September 2023
13,412 
At 30 September 2022
17,819 
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
6
Average number of employees
During the year the average number of employees was 15 (2022: 17).
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