Company Registration No. 09951731 (England and Wales)
Swift Housing Ltd
Unaudited accounts
for the year ended 31 January 2024
Swift Housing Ltd
Unaudited accounts
Contents
Swift Housing Ltd
Company Information
for the year ended 31 January 2024
Company Number
09951731 (England and Wales)
Registered Office
5 Brayford Square
London
London
E1 0SG
England
Accountants
Z Accountancy
67 the fairway
Wembley
London
HA0 3TL
Swift Housing Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
56,876
56,939
Cash at bank and in hand
166
251
Creditors: amounts falling due within one year
(8,620)
(14,198)
Net current liabilities
(8,454)
(11,023)
Total assets less current liabilities
48,422
45,916
Creditors: amounts falling due after more than one year
(40,615)
(40,377)
Called up share capital
100
100
Profit and loss account
7,707
5,439
Shareholders' funds
7,807
5,539
For the year ending 31 January 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 her 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 19 September 2024 and were signed on its behalf by
Edit ISMAIL
Director
Company Registration No. 09951731
Swift Housing Ltd
Notes to the Accounts
for the year ended 31 January 2024
Swift Housing Ltd is a private company, limited by shares, registered in England and Wales, registration number 09951731. The registered office is 5 Brayford Square, London, London, E1 0SG, England.
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.
These financial statements for the year ended 31 January 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
56,752
250
57,002
At 31 January 2024
56,752
250
57,002
At 1 February 2023
-
63
63
Charge for the year
-
63
63
At 31 January 2024
-
126
126
At 31 January 2024
56,752
124
56,876
At 31 January 2023
56,752
187
56,939
Amounts falling due within one year
Swift Housing Ltd
Notes to the Accounts
for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,340
3,341
Taxes and social security
554
1,036
Loans from directors
5,000
8,400
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).