Company Registration No. 12421392 (England and Wales)
SWIFT CONSTRUCTION LTD
Unaudited accounts
for the year ended 31 January 2024
SWIFT CONSTRUCTION LTD
Unaudited accounts
Contents
SWIFT CONSTRUCTION LTD
Company Information
for the year ended 31 January 2024
Directors
Armend Abazi
Eduart Llupa
Company Number
12421392 (England and Wales)
Registered Office
124 City Road
London
EC1V 2NX
Accountants
Faxon Consulting Ltd
85 Great Portland Street
London
W1W 7LT
SWIFT CONSTRUCTION LTD
Statement of financial position
as at 31 January 2024
Tangible assets
18,704
21,004
Cash at bank and in hand
1,974
(689)
Creditors: amounts falling due within one year
(4,794)
(26,571)
Net current (liabilities)/assets
(2,820)
12,459
Total assets less current liabilities
15,884
33,463
Creditors: amounts falling due after more than one year
(10,000)
(10,000)
Called up share capital
1
1
Profit and loss account
5,883
23,462
Shareholders' funds
5,884
23,463
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 directors acknowledge their 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 of Directors and authorised for issue on 1 September 2024 and were signed on its behalf by
Armend Abazi
Director
Company Registration No. 12421392
SWIFT CONSTRUCTION LTD
Notes to the Accounts
for the year ended 31 January 2024
SWIFT CONSTRUCTION LTD is a private company, limited by shares, registered in England and Wales, registration number 12421392. The registered office is 124 City Road , London, EC1V 2NX.
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.
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.
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:
Land & buildings
20% Reducing Balance
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 February 2023
200
23,104
23,304
At 31 January 2024
200
23,104
23,304
At 1 February 2023
-
2,300
2,300
Charge for the year
-
2,300
2,300
At 31 January 2024
-
4,600
4,600
At 31 January 2024
200
18,504
18,704
At 31 January 2023
200
20,804
21,004
SWIFT CONSTRUCTION LTD
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
243
15,020
Proposed dividends
-
7,000
Loans from directors
4,551
4,551
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
10,000
10,000
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).