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Registered number: 12459169

Swift BTL Ltd

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023

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

Swift BTL Ltd

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
DIRECTORS
Mr A Dodwell
REGISTERED OFFICE
205 Outgang Lane
Dinnington
Sheffield
S25 3QY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 12459169
ACCOUNTANTS
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

Swift BTL Ltd

ACCOUNTS
FOR THEYEARENDED28/02/2023
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-

Swift BTL Ltd

BALANCE SHEET AT 28/02/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3698931
CURRENT ASSETS
Stock198,000161,403
Debtors515,6116,464
Cash at bank and in hand2,2532,916
215,864170,783
CREDITORS: Amounts falling due within one year663,27893,361
NET CURRENT ASSETS152,58677,422
TOTAL ASSETS LESS CURRENT LIABILITIES153,28478,353
CREDITORS: Amounts falling due after more than one year7185,84884,500
NET LIABILITIES(32,564)(6,147)
CAPITAL AND RESERVES
Called up share capital811
Profit and loss account(32,565)(6,148)
SHAREHOLDERS' FUNDS(32,564)(6,147)
For the year ending 28/02/2023 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 28/11/2023 and signed on their behalf by
.............................
Mr A Dodwell
Director

Swift BTL Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
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.
Equipment %
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 employees--
3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/03/20221,2411,241
At 28/02/20231,2411,241
Depreciation
At 01/03/2022310310
For the year233233
At 28/02/2023543543
Net Book Amounts
At 28/02/2023698698
At 28/02/2022931931

Swift BTL Ltd

4. STOCK 20232022
££
Stock comprises:
Stock198,000161,403
198,000161,403
5. DEBTORS 20232022
££
Amounts falling due within one year
Prepayments15,6116,464
15,6116,464
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Directors current account61,83892,761
Accruals1,440600
63,27893,361
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (secured) >1yr185,84884,500
185,84884,500
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
New shares issued during period:
1 Ordinary shares of £1 each11