Caseware UK (AP4) 2023.0.135 2023.0.135 2025-01-312025-01-312024-02-01falseCleaning services201217truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 4595752 2024-02-01 2025-01-31 4595752 2023-02-01 2024-01-31 4595752 2025-01-31 4595752 2024-01-31 4595752 c:Director1 2024-02-01 2025-01-31 4595752 d:PlantMachinery 2024-02-01 2025-01-31 4595752 d:PlantMachinery 2025-01-31 4595752 d:PlantMachinery 2024-01-31 4595752 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 4595752 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-02-01 2025-01-31 4595752 d:MotorVehicles 2024-02-01 2025-01-31 4595752 d:MotorVehicles 2025-01-31 4595752 d:MotorVehicles 2024-01-31 4595752 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 4595752 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-02-01 2025-01-31 4595752 d:FurnitureFittings 2024-02-01 2025-01-31 4595752 d:FurnitureFittings 2025-01-31 4595752 d:FurnitureFittings 2024-01-31 4595752 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 4595752 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2024-02-01 2025-01-31 4595752 d:ComputerEquipment 2024-02-01 2025-01-31 4595752 d:ComputerEquipment 2025-01-31 4595752 d:ComputerEquipment 2024-01-31 4595752 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 4595752 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2024-02-01 2025-01-31 4595752 d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 4595752 d:LeasedAssetsHeldAsLessee 2024-02-01 2025-01-31 4595752 d:Goodwill 2025-01-31 4595752 d:Goodwill 2024-01-31 4595752 d:CurrentFinancialInstruments 2025-01-31 4595752 d:CurrentFinancialInstruments 2024-01-31 4595752 d:Non-currentFinancialInstruments 2025-01-31 4595752 d:Non-currentFinancialInstruments 2024-01-31 4595752 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 4595752 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 4595752 d:Non-currentFinancialInstruments d:AfterOneYear 2025-01-31 4595752 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 4595752 d:ShareCapital 2025-01-31 4595752 d:ShareCapital 2024-01-31 4595752 d:CapitalRedemptionReserve 2025-01-31 4595752 d:CapitalRedemptionReserve 2024-01-31 4595752 d:RetainedEarningsAccumulatedLosses 2024-02-01 2025-01-31 4595752 d:RetainedEarningsAccumulatedLosses 2025-01-31 4595752 d:RetainedEarningsAccumulatedLosses 2024-01-31 4595752 c:OrdinaryShareClass1 2024-02-01 2025-01-31 4595752 c:OrdinaryShareClass1 2025-01-31 4595752 c:OrdinaryShareClass1 2024-01-31 4595752 c:FRS102 2024-02-01 2025-01-31 4595752 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 4595752 c:FullAccounts 2024-02-01 2025-01-31 4595752 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 4595752 d:HirePurchaseContracts d:WithinOneYear 2025-01-31 4595752 d:HirePurchaseContracts d:WithinOneYear 2024-01-31 4595752 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-01-31 4595752 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-01-31 4595752 2 2024-02-01 2025-01-31 4595752 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2025-01-31 4595752 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-01-31 4595752 e:PoundSterling 2024-02-01 2025-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 4595752









SWIFT OFFICE CLEANING SERVICES LTD








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2025

 
SWIFT OFFICE CLEANING SERVICES LTD
REGISTERED NUMBER: 4595752

BALANCE SHEET
AS AT 31 JANUARY 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
68,838
65,158

Current assets
  

Stocks
 6 
6,747
7,180

Debtors: amounts falling due within one year
 7 
165,216
254,266

Cash at bank and in hand
 8 
267,332
286,102

  
439,295
547,548

Creditors: amounts falling due within one year
 9 
(355,950)
(323,325)

Net current assets
  
 
 
83,345
 
 
224,223

Total assets less current liabilities
  
152,183
289,381

Creditors: amounts falling due after more than one year
 10 
(20,730)
(22,380)

  

Net assets
  
131,453
267,001


Capital and reserves
  

Called up share capital 
 12 
50
50

Capital redemption reserve
 13 
50
50

Profit and loss account
 13 
131,353
266,901

  
131,453
267,001


Page 1

 
SWIFT OFFICE CLEANING SERVICES LTD
REGISTERED NUMBER: 4595752
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025

The Director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 March 2025.





Mr J R Williams
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
SWIFT OFFICE CLEANING SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.


General information

Swift Office Cleaning Services Ltd is a private company limited by shares, incorporated in England, United Kingdom. The address of the registered office is Suite D, The Business Centre, Faringdon Avenue, Romford, Essex, RM3 8EN. The company's principal place of business is River Way, Harlow, Essex, CM20 2DW. The company's principal activity is that of cleaning services. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.



The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
SWIFT OFFICE CLEANING SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Motor vehicles
-
25%
Furniture, fittings and equipment
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. 

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.

Page 4

 
SWIFT OFFICE CLEANING SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.11

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.12

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 5

 
SWIFT OFFICE CLEANING SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.13

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.



3.


Employees

The average monthly number of employees, including directors, during the year was 201 (2024 - 217).

Page 6

 
SWIFT OFFICE CLEANING SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Furniture, fittings and equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 February 2024
22,613
105,123
28,737
70,948
227,421


Additions
4,752
22,105
87
2,170
29,114


Disposals
-
(11,799)
-
-
(11,799)



At 31 January 2025

27,365
115,429
28,824
73,118
244,736



Depreciation


At 1 February 2024
20,763
56,738
27,696
57,066
162,263


Charge for the year on owned assets
1,649
3,116
281
4,015
9,061


Charge for the year on financed assets
-
13,884
-
-
13,884


Disposals
-
(9,310)
-
-
(9,310)



At 31 January 2025

22,412
64,428
27,977
61,081
175,898



Net book value



At 31 January 2025
4,953
51,001
847
12,037
68,838



At 31 January 2024
1,850
48,385
1,041
13,882
65,158

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2025
2024
£
£



Motor vehicles
41,652
33,431

Page 7

 
SWIFT OFFICE CLEANING SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

5.


Intangible assets




Goodwill

£



Cost


At 1 February 2024
267,355



At 31 January 2025

267,355



Amortisation


At 1 February 2024
267,355



At 31 January 2025

267,355



Net book value



At 31 January 2025
-



At 31 January 2024
-




6.


Stocks

2025
2024
£
£

Finished goods and goods for resale
6,747
7,180



7.


Debtors

2025
2024
£
£


Trade debtors
144,069
189,238

Other debtors
2,041
47,120

Prepayments and accrued income
19,106
17,908

165,216
254,266


Page 8

 
SWIFT OFFICE CLEANING SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

8.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
267,332
286,102



9.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
35,360
17,557

Other taxation and social security
140,949
128,771

Obligations under finance lease and hire purchase contracts
13,307
7,519

Accruals and deferred income
166,334
169,478

355,950
323,325



10.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Net obligations under finance leases and hire purchase contracts
20,730
22,380



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2025
2024
£
£


Within one year
13,307
7,519

Between 1-5 years
20,730
22,380

34,037
29,899

Page 9

 
SWIFT OFFICE CLEANING SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

12.


Share capital

2025
2024
£
£
Authorised, allotted, called up and fully paid



50 (2024 - 50) Ordinary shares of £1.00 each
50
50



13.


Reserves

Profit and loss account

Includes all current and prior period retained profits and losses.


14.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £27,323 (2024 - £25,663). Contributions totalling £Nil (2024 - £Nil) were payable to the fund at the reporting date.

 
Page 10