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REGISTERED NUMBER: 03030819 (England and Wales)













Unaudited Financial Statements for the Year Ended 31 December 2023

for

Swift Personalised Products Limited

Swift Personalised Products Limited (Registered number: 03030819)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Swift Personalised Products Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S M Sanders
A M Canning





SECRETARY: A M Canning





REGISTERED OFFICE: Unit 10, 24 Mainstream Way
Mainstream 47 Industrial Park
Devon Street
Saltley
Birmingham
B7 4SN





REGISTERED NUMBER: 03030819 (England and Wales)





ACCOUNTANTS: Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Swift Personalised Products 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 Directors' Report 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 Swift Personalised Products Limited for the year ended 31 December 2023 which comprise the Profit and loss account, 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 Swift Personalised Products 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 Swift Personalised Products Limited and state those matters that we have agreed to state to the Board of Directors of Swift Personalised Products 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 Swift Personalised Products Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Swift Personalised Products 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 Swift Personalised Products Limited. You consider that Swift Personalised Products 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 Swift Personalised Products 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.






Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS


21 February 2024

Swift Personalised Products Limited (Registered number: 03030819)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 49,993 59,234

CURRENT ASSETS
Stocks 28,057 25,009
Debtors 5 71,215 100,799
Cash at bank and in hand 32,505 18,602
131,777 144,410
CREDITORS
Amounts falling due within one year 6 (136,897 ) (164,027 )
NET CURRENT LIABILITIES (5,120 ) (19,617 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,873

39,617

CREDITORS
Amounts falling due after more than
one year

7

(19,778

)

(25,000

)

PROVISIONS FOR LIABILITIES (9,499 ) (11,254 )
NET ASSETS 15,596 3,363

CAPITAL AND RESERVES
Called up share capital 99 99
Revaluation reserve 9 19,282 19,282
Retained earnings (3,785 ) (16,018 )
15,596 3,363

Swift Personalised Products Limited (Registered number: 03030819)

Balance Sheet - continued
31 December 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:




A M Canning - Director



S M Sanders - Director


Swift Personalised Products Limited (Registered number: 03030819)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Swift Personalised Products 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 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.
Plant and machinery - 15% on reducing balance
Fixtures, fittings & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


Swift Personalised Products Limited (Registered number: 03030819)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Plant and fittings Motor
machinery & equipment vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 114,236 154,043 14,991 283,270
DEPRECIATION
At 1 January 2023 58,561 152,485 12,990 224,036
Charge for year 8,352 389 500 9,241
At 31 December 2023 66,913 152,874 13,490 233,277
NET BOOK VALUE
At 31 December 2023 47,323 1,169 1,501 49,993
At 31 December 2022 55,675 1,558 2,001 59,234

Swift Personalised Products Limited (Registered number: 03030819)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2023 is represented by:

Fixtures,
Plant and fittings Motor
machinery & equipment vehicles Totals
£    £    £    £   
Valuation in 2021 19,282 - - 19,282
Cost 94,954 154,043 14,991 263,988
114,236 154,043 14,991 283,270

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 55,683 82,522
Other debtors 15,532 18,277
71,215 100,799

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 104,249 131,250
Taxation and social security 17,800 17,797
Other creditors 4,848 4,980
136,897 164,027

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 19,778 25,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 29,778 35,000

The bank loans are secured by a fixed and floating charge over the company's assets.

The hire purchase contracts are secured on the assets concerned.

Swift Personalised Products Limited (Registered number: 03030819)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 19,282

10. RELATED PARTY DISCLOSURES

During the period, the company made an interest free loan to the director S M Sanders, the loan was unsecured and repayable on demand. The maximum amount outstanding during the period was £1,434. At 31 December 2023 the balance due from S M Sanders amounted to £1,434.