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REGISTERED NUMBER: 07124461 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

ANTHONY SWIFT LIMITED

ANTHONY SWIFT LIMITED (REGISTERED NUMBER: 07124461)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ANTHONY SWIFT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: A Swift





REGISTERED OFFICE: Bridge Farm
School Lane
Maghull
Merseyside
L31 1HH





REGISTERED NUMBER: 07124461 (England and Wales)





ACCOUNTANTS: Mattocks Grindley
18 Mulberry Avenue
Turnstone Park
Widnes
Cheshire
WA8 0WN

ANTHONY SWIFT LIMITED (REGISTERED NUMBER: 07124461)

ABRIDGED BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,200 2,475
Tangible assets 5 1,132,473 1,160,091
1,134,673 1,162,566

CURRENT ASSETS
Stocks 88,743 44,079
Debtors 358,001 868,283
Investments 1,462,109 1,447,005
Cash at bank and in hand 1,769,532 2,027,545
3,678,385 4,386,912
CREDITORS
Amounts falling due within one year 1,312,865 481,010
NET CURRENT ASSETS 2,365,520 3,905,902
TOTAL ASSETS LESS CURRENT LIABILITIES 3,500,193 5,068,468

PROVISIONS FOR LIABILITIES 6 52,307 116,885
NET ASSETS 3,447,886 4,951,583

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 3,447,786 4,951,483
SHAREHOLDERS' FUNDS 3,447,886 4,951,583

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ANTHONY SWIFT LIMITED (REGISTERED NUMBER: 07124461)

ABRIDGED BALANCE SHEET - continued
31 JULY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2024 and were signed by:





A J Swift - Director


ANTHONY SWIFT LIMITED (REGISTERED NUMBER: 07124461)

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


1. STATUTORY INFORMATION

Anthony Swift 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from rendering services.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has been transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Other intangible assets are Entitlements. It is amortised to profit and loss account over its estimated economic life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

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


ANTHONY SWIFT LIMITED (REGISTERED NUMBER: 07124461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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.

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.

Listed investments
Listed investments are stated at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022
and 31 July 2023 402,750
AMORTISATION
At 1 August 2022 400,275
Amortisation for year 275
At 31 July 2023 400,550
NET BOOK VALUE

At 31 July 2023 2,200
At 31 July 2022 2,475

ANTHONY SWIFT LIMITED (REGISTERED NUMBER: 07124461)

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


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 1,703,401
Additions 34,012
Disposals (910 )
At 31 July 2023 1,736,503
DEPRECIATION
At 1 August 2022 543,310
Charge for year 61,143
Eliminated on disposal (423 )
At 31 July 2023 604,030
NET BOOK VALUE
At 31 July 2023 1,132,473
At 31 July 2022 1,160,091

6. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax
Accelerated capital allowances 52,307 67,500
Other timing differences - 49,385
52,307 116,885

Deferred
tax
£   
Balance at 1 August 2022 116,885
Utilised during year (64,578 )
Balance at 31 July 2023 52,307

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100