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REGISTERED NUMBER: 08390250 (England and Wales)















SWIFT TREE AND ARBORICULTURAL SERVICES
LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






SWIFT TREE AND ARBORICULTURAL SERVICES
LTD (REGISTERED NUMBER: 08390250)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWIFT TREE AND ARBORICULTURAL SERVICES
LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S M Warner
A J Lawson





REGISTERED OFFICE: Swift House
Unit 54
Adlington Park
Adlington
Cheshire
SK10 4NL





REGISTERED NUMBER: 08390250 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

SWIFT TREE AND ARBORICULTURAL SERVICES
LTD (REGISTERED NUMBER: 08390250)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,024,422 847,816

CURRENT ASSETS
Debtors 5 12,044 27,263
Cash at bank and in hand 65,911 11,708
77,955 38,971
CREDITORS
Amounts falling due within one year 6 137,432 87,162
NET CURRENT LIABILITIES (59,477 ) (48,191 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

964,945

799,625

CREDITORS
Amounts falling due after more than one
year

7

(312,470

)

(344,814

)

PROVISIONS FOR LIABILITIES (184,788 ) (140,817 )
NET ASSETS 467,687 313,994

CAPITAL AND RESERVES
Called up share capital 9 102 102
Fair value reserve 10 424,089 274,089
Retained earnings 43,496 39,803
SHAREHOLDERS' FUNDS 467,687 313,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SWIFT TREE AND ARBORICULTURAL SERVICES
LTD (REGISTERED NUMBER: 08390250)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:





A J Lawson - Director


SWIFT TREE AND ARBORICULTURAL SERVICES
LTD (REGISTERED NUMBER: 08390250)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Swift Tree And Arboricultural Services Ltd 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost and 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 33% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

SWIFT TREE AND ARBORICULTURAL SERVICES
LTD (REGISTERED NUMBER: 08390250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023 650,000 208,900 143,003 3,339 1,005,242
Additions - 7,560 - 375 7,935
Revaluations 200,000 - - - 200,000
At 31 March 2024 850,000 216,460 143,003 3,714 1,213,177
DEPRECIATION
At 1 April 2023 - 93,556 61,272 2,598 157,426
Charge for year - 18,435 12,260 634 31,329
At 31 March 2024 - 111,991 73,532 3,232 188,755
NET BOOK VALUE
At 31 March 2024 850,000 104,469 69,471 482 1,024,422
At 31 March 2023 650,000 115,344 81,731 741 847,816

SWIFT TREE AND ARBORICULTURAL SERVICES
LTD (REGISTERED NUMBER: 08390250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Valuation in 2024 565,453 - - - 565,453
Cost 284,547 216,460 143,003 3,714 647,724
850,000 216,460 143,003 3,714 1,213,177

If the property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 284,547 284,547

The property was valued on an open market basis on 31 March 2024 by the directors .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 89,968 104,778 194,746
DEPRECIATION
At 1 April 2023 48,033 36,652 84,685
Charge for year 6,290 10,219 16,509
At 31 March 2024 54,323 46,871 101,194
NET BOOK VALUE
At 31 March 2024 35,645 57,907 93,552
At 31 March 2023 41,935 68,126 110,061

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,044 27,263

SWIFT TREE AND ARBORICULTURAL SERVICES
LTD (REGISTERED NUMBER: 08390250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 34,786 23,848
Hire purchase contracts 53,409 26,439
Trade creditors 5,185 5,636
Taxation and social security 36,407 13,625
Other creditors 7,645 17,614
137,432 87,162

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 292,721 271,656
Hire purchase contracts 19,749 73,158
312,470 344,814

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 327,507 295,504

The bank has a fixed charge over the company's freehold property by way of legal mortage.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
40 Ordinary £1 40 40
40 Ordinary A £1 40 40
10 Ordinary B £1 10 10
10 Ordinary C £1 10 10
1 Ordinary D £1 1 1
1 Ordinary E £1 1 1
102 102

SWIFT TREE AND ARBORICULTURAL SERVICES
LTD (REGISTERED NUMBER: 08390250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. RESERVES
Fair
value
reserve
£   
At 1 April 2023 274,089
Revaluation in year 150,000

At 31 March 2024 424,089

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.