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REGISTERED NUMBER: 13863577 (England and Wales)















REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

SWIFT LIFT HIAB HIRE LTD

SWIFT LIFT HIAB HIRE LTD (Registered number: 13863577)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 APRIL 2024




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


SWIFT LIFT HIAB HIRE LTD

COMPANY INFORMATION
for the Year Ended 30 APRIL 2024







DIRECTOR: Miss G. C. Brackstone





REGISTERED OFFICE: 10, Vicarage Close,
Erith,
Kent
DA8 1ET





REGISTERED NUMBER: 13863577 (England and Wales)





ACCOUNTANTS: Bennett & Co
The Annexe
Minerva House
Bordyke
Tonbridge
Kent
TN9 1NR

SWIFT LIFT HIAB HIRE LTD (Registered number: 13863577)

REPORT OF THE DIRECTOR
for the Year Ended 30 APRIL 2024

The director presents her report with the financial statements of the company for the year ended 30 April 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Plant Hire Contractors.

DIVIDENDS
An interim dividend of £75 per share was paid on 31 March 2024. The director recommends that no final dividend be paid.

The total distribution of dividends for the year ended 30 April 2024 will be £ 7,500 .

DIRECTOR
Miss G. C. Brackstone held office during the whole of the period from 1 May 2023 to the date of this report.

ON BEHALF OF THE BOARD:





Miss G. C. Brackstone - Director


3 March 2025

SWIFT LIFT HIAB HIRE LTD (Registered number: 13863577)

INCOME STATEMENT
for the Year Ended 30 APRIL 2024

30.4.24 30.4.23
Notes £    £   

TURNOVER 283,032 107,318

Cost of sales 121,620 5,954
GROSS PROFIT 161,412 101,364

Administrative expenses 135,821 76,427
OPERATING PROFIT 5 25,591 24,937

Interest receivable and similar income 289 153
PROFIT BEFORE TAXATION 25,880 25,090

Tax on profit 6 6,000 6,200
PROFIT FOR THE FINANCIAL YEAR 19,880 18,890

SWIFT LIFT HIAB HIRE LTD (Registered number: 13863577)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 134,500 93,500

CURRENT ASSETS
Debtors 9 45,261 95,999
Cash at bank and in hand 14,621 23,835
59,882 119,834
CREDITORS
Amounts falling due within one year 10 156,012 193,344
NET CURRENT LIABILITIES (96,130 ) (73,510 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,370

19,990

CREDITORS
Amounts falling due after more than one year 11 12,000 6,000
NET ASSETS 26,370 13,990

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 13 26,270 13,890
SHAREHOLDERS' FUNDS 26,370 13,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 LIFT HIAB HIRE LTD (Registered number: 13863577)

BALANCE SHEET - continued
30 APRIL 2024


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

The financial statements were approved by the director and authorised for issue on 3 March 2025 and were signed by:





Miss G. C. Brackstone - Director


SWIFT LIFT HIAB HIRE LTD (Registered number: 13863577)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 APRIL 2024

1. STATUTORY INFORMATION

SWIFT LIFT HIAB HIRE 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.

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.

3. EMPLOYEES AND DIRECTORS
30.4.24 30.4.23
£    £   
Wages and salaries 24,100 3,650

SWIFT LIFT HIAB HIRE LTD (Registered number: 13863577)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 APRIL 2024

3. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
30.4.24 30.4.23

Management 2 2
Operatives 1 -
3 2

4. DIRECTORS' EMOLUMENTS
30.4.24 30.4.23
£    £   
Director's remuneration 24,100 3,650

5. OPERATING PROFIT

The operating profit is stated after charging:

30.4.24 30.4.23
£    £   
Depreciation - owned assets 25,424 31,160

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
30.4.24 30.4.23
£    £   
Current tax:
UK corporation tax - 200

Deferred tax 6,000 6,000
Tax on profit 6,000 6,200

UK corporation tax was charged at 19%) in 2023.

7. DIVIDENDS
30.4.24 30.4.23
£    £   
Ordinary Shares shares of £1 each
Interim 7,500 5,000

SWIFT LIFT HIAB HIRE LTD (Registered number: 13863577)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 APRIL 2024

8. TANGIBLE FIXED ASSETS
Plant & Motor Office
Machinery Vehicles Equipment Totals
£    £    £    £   
COST
At 1 May 2023 4,002 120,000 658 124,660
Additions 26,944 39,480 - 66,424
At 30 April 2024 30,946 159,480 658 191,084
DEPRECIATION
At 1 May 2023 1,002 30,000 158 31,160
Charge for year 944 24,480 - 25,424
At 30 April 2024 1,946 54,480 158 56,584
NET BOOK VALUE
At 30 April 2024 29,000 105,000 500 134,500
At 30 April 2023 3,000 90,000 500 93,500

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade Debtors 34,982 86,946
Value Added Tax 7,809 8,303
Prepayments 2,470 750
45,261 95,999

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 7,681 -
Trade Creditors 2,343 896
Corporation Tax - 200
Directors Current Account 143,538 190,298
Accrued Expenses 2,450 1,950
156,012 193,344

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Deferred Tax 12,000 6,000

SWIFT LIFT HIAB HIRE LTD (Registered number: 13863577)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 APRIL 2024

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary Shares £1 100 100

13. RESERVES
Retained
earnings
£   

At 1 May 2023 13,890
Profit for the year 19,880
Dividends (7,500 )
At 30 April 2024 26,270