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REGISTERED NUMBER: 07584195 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SWIFT INTERNATIONAL (UK) LTD

SWIFT INTERNATIONAL (UK) LTD (REGISTERED NUMBER: 07584195)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SWIFT INTERNATIONAL (UK) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M W Swift
R Zhao





SECRETARY: R Zhao





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 07584195 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

SWIFT INTERNATIONAL (UK) LTD (REGISTERED NUMBER: 07584195)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,180 2,229
Investments 5 - 100,000
2,180 102,229

CURRENT ASSETS
Debtors 6 3,565 6
Cash at bank and in hand 10,691 2,850
14,256 2,856
CREDITORS
Amounts falling due within one year 7 134,105 175,070
NET CURRENT LIABILITIES (119,849 ) (172,214 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(117,669

)

(69,985

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (117,769 ) (70,085 )
SHAREHOLDERS' FUNDS (117,669 ) (69,985 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:



R Zhao - Director


SWIFT INTERNATIONAL (UK) LTD (REGISTERED NUMBER: 07584195)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Swift International (UK) Ltd 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.

The accounts have been prepared on a going concern basis due to the continuing support of the directors.

Turnover
Turnover relates to income from education.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Office equipment - 25% on reducing balance

Pension costs and other post-retirement benefits
The company has implemented auto-enrolment pension in respect of all employees. Contributions are charged to the statement of income and retained earnings in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 13,331
Additions 568
At 31 March 2024 13,899
DEPRECIATION
At 1 April 2023 11,102
Charge for year 617
At 31 March 2024 11,719
NET BOOK VALUE
At 31 March 2024 2,180
At 31 March 2023 2,229

SWIFT INTERNATIONAL (UK) LTD (REGISTERED NUMBER: 07584195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 100,000
Disposals (100,000 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 100,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,360 -
Other debtors 205 6
3,565 6

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 6,657
Payments on account 8,000 52,911
Trade creditors 17 -
Taxation and social security 242 -
Other creditors 125,846 115,502
134,105 175,070

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

During the financial year to 31 March 2024, the company fully impaired 100% of its investment in Sichuan Swift Consulting Ltd.