IRIS Accounts Production v24.3.2.46 09864809 director director 1.1.24 31.12.24 31.12.24 false true false false true false 59671 56964 95903 121015 155574 118308 59671 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh098648092023-12-31098648092024-12-31098648092024-01-012024-12-31098648092022-11-30098648092022-12-012023-12-31098648092023-12-3109864809ns15:EnglandWales2024-01-012024-12-3109864809ns14:PoundSterling2024-01-012024-12-3109864809ns10:Director12024-01-012024-12-3109864809ns10:Director22024-01-012024-12-3109864809ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3109864809ns10:SmallEntities2024-01-012024-12-3109864809ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3109864809ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3109864809ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3109864809ns10:FullAccounts2024-01-012024-12-3109864809ns10:Director2422023-12-3109864809ns10:Director2422022-11-3009864809ns10:Director2422024-01-012024-12-3109864809ns10:Director2422022-12-012023-12-3109864809ns10:Director2422023-12-3109864809ns10:RegisteredOffice2024-01-012024-12-3109864809ns5:CurrentFinancialInstruments2024-12-3109864809ns5:CurrentFinancialInstruments2023-12-3109864809ns5:Non-currentFinancialInstruments2024-12-3109864809ns5:Non-currentFinancialInstruments2023-12-3109864809ns5:ShareCapital2024-12-3109864809ns5:ShareCapital2023-12-3109864809ns5:RetainedEarningsAccumulatedLosses2024-12-3109864809ns5:RetainedEarningsAccumulatedLosses2023-12-3109864809ns5:PlantMachinery2024-01-012024-12-3109864809ns5:PlantMachinery2023-12-3109864809ns5:PlantMachinery2024-12-3109864809ns5:PlantMachinery2023-12-3109864809ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3109864809ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31098648091ns10:Director12023-12-31098648091ns10:Director12022-11-30098648091ns10:Director12024-01-012024-12-31098648091ns10:Director12022-12-012023-12-31098648091ns10:Director12024-12-31098648091ns10:Director12023-12-31
REGISTERED NUMBER: 09864809 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Swift HR & Legal Ltd

Swift HR & Legal Ltd (Registered number: 09864809)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Swift HR & Legal Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mrs J M Swift LLB





REGISTERED OFFICE: Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX





REGISTERED NUMBER: 09864809 (England and Wales)





ACCOUNTANTS: Asquith Accountants Ltd
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Swift HR & Legal Ltd (Registered number: 09864809)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,195 5,902

CURRENT ASSETS
Stocks - 8,000
Debtors 5 96,919 83,758
Cash at bank 12,439 1,320
109,358 93,078
CREDITORS
Amounts falling due within one year 6 91,482 76,192
NET CURRENT ASSETS 17,876 16,886
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,071

22,788

CREDITORS
Amounts falling due after more than one
year

7

(18,197

)

(21,236

)

PROVISIONS FOR LIABILITIES (259 ) (1,121 )
NET ASSETS 615 431

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 515 331
SHAREHOLDERS' FUNDS 615 431

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Swift HR & Legal Ltd (Registered number: 09864809)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 January 2025 and were signed by:




Mrs J M Swift LLB - Director



Mr D Swift - Director


Swift HR & Legal Ltd (Registered number: 09864809)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Swift HR & Legal 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.

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 etc - 33% on cost and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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

3. EMPLOYEES AND DIRECTORS

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

Swift HR & Legal Ltd (Registered number: 09864809)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 15,336
Additions 215
Disposals (12,212 )
At 31 December 2024 3,339
DEPRECIATION
At 1 January 2024 9,434
Charge for year 1,063
Eliminated on disposal (8,353 )
At 31 December 2024 2,144
NET BOOK VALUE
At 31 December 2024 1,195
At 31 December 2023 5,902

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 9,457 8,353
Amounts owed by group undertakings 75,100 -
Other debtors 12,362 75,405
96,919 83,758

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 3,020 3,168
Trade creditors 1,963 4,524
Taxation and social security 77,400 62,887
Other creditors 9,099 5,613
91,482 76,192

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 18,197 21,236

Swift HR & Legal Ltd (Registered number: 09864809)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2024 and the period ended 31 December 2023:

31.12.24 31.12.23
£    £   
Mrs J M Swift LLB and Mr D Swift
Balance outstanding at start of year 59,671 56,964
Amounts advanced 95,903 121,015
Amounts repaid (155,574 ) (118,308 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 59,671

9. RELATED PARTY DISCLOSURES

Included within debtors is £75,100 owed from Haddleton & Co Limited, the parent company of Swift HR & Legal Ltd.