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Company Registration No. 07141949 (England and Wales)
SWIFTREMIT LIMITED Unaudited accounts for the year ended 31 December 2023
SWIFTREMIT LIMITED Unaudited accounts Contents
Page
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SWIFTREMIT LIMITED Company Information for the year ended 31 December 2023
Director
Naveed Ahmed Saeed
Company Number
07141949 (England and Wales)
Registered Office
Room 1, 1 Beresford Street Shelton Stoke On Trent West Midlands ST4 2EX
Accountants
LINKTAX 11A Snow hill Shelton Stoke-on-Trent Staffordshire ST1 4LU
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SWIFTREMIT LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
113 
141 
Current assets
Cash at bank and in hand
11,812 
15,848 
Creditors: amounts falling due within one year
(2,055)
(1,675)
Net current assets
9,757 
14,173 
Net assets
9,870 
14,314 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
9,770 
14,214 
Shareholders' funds
9,870 
14,314 
For the year ending 31 December 2023 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 15 August 2024 and were signed on its behalf by
Naveed Ahmed Saeed Director Company Registration No. 07141949
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SWIFTREMIT LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
SWIFTREMIT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07141949. The registered office is Room 1, 1 Beresford Street, Shelton, Stoke On Trent, West Midlands, ST4 2EX.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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 method
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2023
366 
At 31 December 2023
366 
Depreciation
At 1 January 2023
225 
Charge for the year
28 
At 31 December 2023
253 
Net book value
At 31 December 2023
113 
At 31 December 2022
141 
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SWIFTREMIT LIMITED Notes to the Accounts for the year ended 31 December 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
50 
50 
Taxes and social security
1,205 
825 
Accruals
800 
800 
2,055 
1,675 
6
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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