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REGISTERED NUMBER: 08390250 (England and Wales)















SWIFT TREE AND ARBORICULTURAL SERVICES
LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






SWIFT TREE AND ARBORICULTURAL SERVICES
LTD (REGISTERED NUMBER: 08390250)

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 TREE AND ARBORICULTURAL SERVICES
LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: S M Warner
A J Lawson





SECRETARY: Mrs M Lawson





REGISTERED OFFICE: Swift House
Unit 54
Adlington Park
Adlington
Cheshire
SK10 4NL





REGISTERED NUMBER: 08390250 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

SWIFT TREE AND ARBORICULTURAL SERVICES
LTD (REGISTERED NUMBER: 08390250)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 847,816 481,935

CURRENT ASSETS
Debtors 5 27,263 25,980
Cash at bank and in hand 11,708 24,054
38,971 50,034
CREDITORS
Amounts falling due within one year 6 87,162 79,154
NET CURRENT LIABILITIES (48,191 ) (29,120 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

799,625

452,815

CREDITORS
Amounts falling due after more than one
year

7

(344,814

)

(383,194

)

PROVISIONS FOR LIABILITIES (140,817 ) (37,299 )
NET ASSETS 313,994 32,322

CAPITAL AND RESERVES
Called up share capital 9 102 102
Fair value reserve 10 274,089 -
Retained earnings 39,803 32,220
SHAREHOLDERS' FUNDS 313,994 32,322

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 TREE AND ARBORICULTURAL SERVICES
LTD (REGISTERED NUMBER: 08390250)

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 8 October 2023 and were signed on its behalf by:





A J Lawson - Director


SWIFT TREE AND ARBORICULTURAL SERVICES
LTD (REGISTERED NUMBER: 08390250)

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


1. STATUTORY INFORMATION

Swift Tree And Arboricultural Services 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost and 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

SWIFT TREE AND ARBORICULTURAL SERVICES
LTD (REGISTERED NUMBER: 08390250)

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


2. ACCOUNTING POLICIES - continued

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 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2022 284,547 173,537 143,003 2,685 603,772
Additions - 35,363 - 654 36,017
Revaluations 365,453 - - - 365,453
At 31 March 2023 650,000 208,900 143,003 3,339 1,005,242
DEPRECIATION
At 1 April 2022 - 73,201 46,849 1,787 121,837
Charge for year - 20,355 14,423 811 35,589
At 31 March 2023 - 93,556 61,272 2,598 157,426
NET BOOK VALUE
At 31 March 2023 650,000 115,344 81,731 741 847,816
At 31 March 2022 284,547 100,336 96,154 898 481,935

Cost or valuation at 31 March 2023 is represented by:

Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Valuation in 2023 365,453 - - - 365,453
Cost 284,547 208,900 143,003 3,339 639,789
650,000 208,900 143,003 3,339 1,005,242

SWIFT TREE AND ARBORICULTURAL SERVICES
LTD (REGISTERED NUMBER: 08390250)

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


4. TANGIBLE FIXED ASSETS - continued

If the property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 284,547 -

The property was valued on an open market basis on 31 March 2023 by the directors .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 89,968 104,778 194,746
DEPRECIATION
At 1 April 2022 40,633 24,629 65,262
Charge for year 7,400 12,023 19,423
At 31 March 2023 48,033 36,652 84,685
NET BOOK VALUE
At 31 March 2023 41,935 68,126 110,061
At 31 March 2022 49,335 80,149 129,484

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,263 24,983
Other debtors - 997
27,263 25,980

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 23,848 23,848
Hire purchase contracts 26,439 31,319
Trade creditors 5,636 1,083
Taxation and social security 13,625 11,453
Other creditors 17,614 11,451
87,162 79,154

SWIFT TREE AND ARBORICULTURAL SERVICES
LTD (REGISTERED NUMBER: 08390250)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 271,656 283,597
Hire purchase contracts 73,158 99,597
344,814 383,194

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 295,504 307,445

The bank has a fixed charge over the company's freehold property by way of legal mortage.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
40 Ordinary £1 40 40
40 Ordinary A £1 40 40
10 Ordinary B £1 10 10
10 Ordinary C £1 10 10
1 Ordinary D £1 1 1
1 Ordinary E £1 1 1
102 102

10. RESERVES
Fair
value
reserve
£   
Revaluation in year 274,089

At 31 March 2023 274,089

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.