Company Registration No. 13504801 (England and Wales)
Swifty Software LTD
Unaudited accounts
for the year ended 30 June 2024
Swifty Software LTD
Unaudited accounts
Contents
Swifty Software LTD
Company Information
for the year ended 30 June 2024
Company Number
13504801 (England and Wales)
Registered Office
1 GROVE COTTAGES
BRIGHOUSE
HD6 2RE
ENGLAND
Accountants
Small Business Accountancy
18 Stoney Hill
Rastrick
Brighouse
West Yorkshire
HD6 3BP
Swifty Software LTD
Statement of financial position
as at 30 June 2024
Tangible assets
1,788
2,345
Cash at bank and in hand
189
1,815
Creditors: amounts falling due within one year
(1,598)
(1,587)
Net current (liabilities)/assets
(1,101)
228
Total assets less current liabilities
687
2,573
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
346
2,126
Shareholders' funds
347
2,127
For the year ending 30 June 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 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 1 November 2024 and were signed on its behalf by
M. Baughan
Director
Company Registration No. 13504801
Swifty Software LTD
Notes to the Accounts
for the year ended 30 June 2024
Swifty Software LTD is a private company, limited by shares, registered in England and Wales, registration number 13504801. The registered office is 1 GROVE COTTAGES, BRIGHOUSE, HD6 2RE, 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.
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:
Plant & machinery
20% reducing balance
Computer equipment
25% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2023
923
2,706
3,629
At 30 June 2024
923
2,706
3,629
At 1 July 2023
332
952
1,284
Charge for the year
119
438
557
At 30 June 2024
451
1,390
1,841
At 30 June 2024
472
1,316
1,788
At 30 June 2023
591
1,754
2,345
Swifty Software LTD
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
798
Loans from directors
848
15
7
Deferred taxation
2024
2023
Accelerated capital allowances
340
446
Provision at start of year
446
350
(Credited)/charged to the profit and loss account
(106)
96
Provision at end of year
340
446
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Transactions with related parties
The company is in receipt of loans amounting to £848.00 from a member of key management personnel. The loan is payable on demand and the rate of interest charged is 0%. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.
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Average number of employees
During the year the average number of employees was 0 (2023: 1).