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Company Registration No. 11574451 (England and Wales)
Swift Improvements Ltd Unaudited accounts for the year ended 31 March 2024
Swift Improvements Ltd Unaudited accounts Contents
Page
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Swift Improvements Ltd Company Information for the year ended 31 March 2024
Director
A. Swift
Company Number
11574451 (England and Wales)
Registered Office
43A Ashbrow Road Huddersfield West Yorkshire HD2 1DX
Accountants
Small Business Accountancy 18 Stoney Hill Rastrick Brighouse West Yorkshire HD6 3BP
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Swift Improvements Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,006 
1,447 
Current assets
Inventories
240 
160 
Debtors
1,094 
1,269 
Cash at bank and in hand
2,733 
868 
4,067 
2,297 
Creditors: amounts falling due within one year
(4,793)
(3,403)
Net current liabilities
(726)
(1,106)
Total assets less current liabilities
5,280 
341 
Provisions for liabilities
Deferred tax
(1,141)
(275)
Net assets
4,139 
66 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
4,138 
65 
Shareholders' funds
4,139 
66 
For the year ending 31 March 2024 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 director acknowledges his 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 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 and authorised for issue on 12 April 2024 and were signed on its behalf by
A. Swift Director Company Registration No. 11574451
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Swift Improvements Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Swift Improvements Ltd is a private company, limited by shares, registered in England and Wales, registration number 11574451. The registered office is 43A Ashbrow Road, Huddersfield, West Yorkshire, HD2 1DX.
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.
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:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
25% reducing balance
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.
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Swift Improvements Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
1,666 
- 
904 
2,570 
Additions
787 
5,300 
- 
6,087 
At 31 March 2024
2,453 
5,300 
904 
8,657 
Depreciation
At 1 April 2023
634 
- 
489 
1,123 
Charge for the year
364 
1,060 
104 
1,528 
At 31 March 2024
998 
1,060 
593 
2,651 
Net book value
At 31 March 2024
1,455 
4,240 
311 
6,006 
At 31 March 2023
1,032 
- 
415 
1,447 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
749 
Accrued income and prepayments
1,094 
520 
1,094 
1,269 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
613 
2,575 
Loans from directors
1,862 
35 
Accruals
2,318 
793 
4,793 
3,403 
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
1,141 
275 
2024 
2023 
£ 
£ 
Provision at start of year
275 
205 
Charged to the profit and loss account
866 
70 
Provision at end of year
1,141 
275 
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Swift Improvements Ltd Notes to the Accounts for the year ended 31 March 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Transactions with related parties
The company is in receipt of a loan amounting to £1,862.00 from a member of key management personnel. The loan is payable on demand and the rate of interest charged is 0%. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year. During the year, total dividends of £2,500 (2023: £17,100) were paid to the director.
10
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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