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Company Registration No. 7628179 (England and Wales)
Swift House Ltd Unaudited accounts for the year ended 31 March 2024
Swift House Ltd Unaudited accounts Contents
Page
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Swift House Ltd Company Information for the year ended 31 March 2024
Director
Mr M Garrahan
Company Number
7628179 (England and Wales)
Registered Office
71 Hammonds Green Totton Southampton Hampshire SO40 3HU
Accountants
Katie Swift 26 Culford Avenue Totton SOUTHAMPTON SO40 9BY
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Swift House Ltd Accountants' report
Accountants' report to the director of Swift House Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 March 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Katie Swift 26 Culford Avenue Totton SOUTHAMPTON SO40 9BY 12 July 2024
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Swift House Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
278,523 
285,156 
Current assets
Inventories
235,775 
226,918 
Cash at bank and in hand
88,031 
137,835 
323,806 
364,753 
Creditors: amounts falling due within one year
(7,237)
(7,079)
Net current assets
316,569 
357,674 
Total assets less current liabilities
595,092 
642,830 
Creditors: amounts falling due after more than one year
(591,132)
(597,276)
Net assets
3,960 
45,554 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
3,959 
45,553 
Shareholders' funds
3,960 
45,554 
For the year ending 31 March 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 12 July 2024 and were signed on its behalf by
Mr M Garrahan Director Company Registration No. 7628179
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Swift House Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Swift House Ltd is a private company, limited by shares, registered in England and Wales, registration number 7628179. The registered office is 71 Hammonds Green, Totton, Southampton, Hampshire, SO40 3HU.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
4 Years
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
245,358 
39,798 
285,156 
At 31 March 2024
245,358 
39,798 
285,156 
Depreciation
Charge for the year
- 
6,633 
6,633 
At 31 March 2024
- 
6,633 
6,633 
Net book value
At 31 March 2024
245,358 
33,165 
278,523 
At 31 March 2023
245,358 
39,798 
285,156 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
651 
640 
Obligations under finance leases and hire purchase contracts
3,324 
2,724 
Trade creditors
4,191 
4,882 
Loans from directors
(929)
(1,167)
7,237 
7,079 
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Swift House Ltd Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
3,342 
7,276 
Other creditors
590,000 
590,000 
Taxes and social security
(2,210)
- 
591,132 
597,276 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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