Swift Strategies Limited
Registered number: 06622134
Statement of Financial Position
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,434 3,045
Current assets
Debtors 4 1,171,525 157,006
Cash at bank and in hand 642,247 38,607
1,813,772 195,613
Creditors: amounts falling due within one year 5 (999,177) (169,062)
Net current assets 814,595 26,551
Net assets 820,029 29,596
Capital and reserves
Called up share capital 100 100
Profit and loss account 819,929 29,496
Shareholders' funds 820,029 29,596
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A. The Statement of Income has not been delivered to the Registrar of Companies.
Nathan Swift
Director
Approved by the board on 7 March 2024
Swift Strategies Limited
Notes to the Accounts
for the period from 1 July 2022 to 31 December 2023
1 Accounting policies
Statutory information
Swift Strategies Limited is a private company limited by shares incorporated in England & Wales, registration number 06622134. The registered office is SECOND FLOOR, 150 FLEET STREET, LONDON, EC4A 2DQ. The principal place of business is SECOND FLOOR, 150 FLEET STREET, LONDON, , United Kingdom, EC4A 2DQ.
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented unless otherwise stated.
Accounting policies
These financial statements for the period ended 31 December 2023 comply with FRS 102 Section 1A small entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
The presentational currency is in sterling which has been rounded to the nearest £1.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
7 Transition to FRS102
The transition to FRS102 Section 1A for Small Entities has not resulted in any changes to accounting policies to those used previously.
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