IRIS Accounts Production v24.2.0.383 10599514 director 1.3.23 28.2.24 28.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105995142023-02-28105995142024-02-28105995142023-03-012024-02-28105995142022-02-28105995142022-03-012023-02-28105995142023-02-2810599514ns15:EnglandWales2023-03-012024-02-2810599514ns14:PoundSterling2023-03-012024-02-2810599514ns10:Director12023-03-012024-02-2810599514ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2810599514ns10:SmallEntities2023-03-012024-02-2810599514ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2810599514ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2810599514ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2810599514ns10:FullAccounts2023-03-012024-02-2810599514ns10:RegisteredOffice2023-03-012024-02-2810599514ns5:CurrentFinancialInstruments2024-02-2810599514ns5:CurrentFinancialInstruments2023-02-2810599514ns5:Non-currentFinancialInstruments2024-02-2810599514ns5:Non-currentFinancialInstruments2023-02-2810599514ns5:ShareCapital2024-02-2810599514ns5:ShareCapital2023-02-2810599514ns5:RetainedEarningsAccumulatedLosses2024-02-2810599514ns5:RetainedEarningsAccumulatedLosses2023-02-2810599514ns5:PlantMachinery2023-03-012024-02-2810599514ns5:FurnitureFittings2023-03-012024-02-2810599514ns5:MotorVehicles2023-03-012024-02-2810599514ns5:ComputerEquipment2023-03-012024-02-2810599514ns5:PlantMachinery2023-02-2810599514ns5:FurnitureFittings2023-02-2810599514ns5:MotorVehicles2023-02-2810599514ns5:ComputerEquipment2023-02-2810599514ns5:PlantMachinery2024-02-2810599514ns5:FurnitureFittings2024-02-2810599514ns5:MotorVehicles2024-02-2810599514ns5:ComputerEquipment2024-02-2810599514ns5:PlantMachinery2023-02-2810599514ns5:FurnitureFittings2023-02-2810599514ns5:MotorVehicles2023-02-2810599514ns5:ComputerEquipment2023-02-2810599514ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2810599514ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2810599514ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-02-2810599514ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-02-28
REGISTERED NUMBER: 10599514 (England and Wales)















SWIFTOAK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024






SWIFTOAK LIMITED (REGISTERED NUMBER: 10599514)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWIFTOAK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2024







DIRECTOR: Mr R W Swift





REGISTERED OFFICE: King Arthurs Court
Maidstone Road
Charing
Ashford
Kent
TN27 0JS





REGISTERED NUMBER: 10599514 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

SWIFTOAK LIMITED (REGISTERED NUMBER: 10599514)

BALANCE SHEET
28 FEBRUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 63,808 47,582

CURRENT ASSETS
Debtors 5 8,607 10,987
Cash at bank 66,727 47,471
75,334 58,458
CREDITORS
Amounts falling due within one year 6 (83,939 ) (46,718 )
NET CURRENT (LIABILITIES)/ASSETS (8,605 ) 11,740
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,203

59,322

CREDITORS
Amounts falling due after more than one year 7 (54,809 ) (58,916 )
NET ASSETS 394 406

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 294 306
394 406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SWIFTOAK LIMITED (REGISTERED NUMBER: 10599514)

BALANCE SHEET - continued
28 FEBRUARY 2024


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 director and authorised for issue on 16 October 2024 and were signed by:





Mr R W Swift - Director


SWIFTOAK LIMITED (REGISTERED NUMBER: 10599514)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1. STATUTORY INFORMATION

Swiftoak 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixture & Fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

SWIFTOAK LIMITED (REGISTERED NUMBER: 10599514)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and Fixture & Motor Computer
machinery Fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 - - 60,728 4,336 65,064
Additions 3,000 523 33,664 307 37,494
At 28 February 2024 3,000 523 94,392 4,643 102,558
DEPRECIATION
At 1 March 2023 - - 15,182 2,300 17,482
Charge for year 750 131 19,802 585 21,268
At 28 February 2024 750 131 34,984 2,885 38,750
NET BOOK VALUE
At 28 February 2024 2,250 392 59,408 1,758 63,808
At 28 February 2023 - - 45,546 2,036 47,582

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 8,607 3,191
VAT - 7,796
8,607 10,987

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 22,340 14,079
Corporation Tax 1,961 -
VAT 14,770 -
Sundry creditors 14,729 20,641
Deferred income 18,141 -
Accrued expenses 1,350 1,350
83,939 46,718

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 18,401 28,077
Hire purchase contracts 36,408 30,839
54,809 58,916