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REGISTERED NUMBER: 08145401 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Swift Services (Hereford) Limited

Swift Services (Hereford) Limited (Registered number: 08145401)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Swift Services (Hereford) Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: H D Milsom
T V Milsom
J E Milsom





REGISTERED OFFICE: 115 St. Peter's Close
Moreton on Lugg
Hereford
HR4 8DW





REGISTERED NUMBER: 08145401 (England and Wales)





ACCOUNTANTS: Guilfoyle Sage LLP
21 Gold Tops
Newport
South Wales
NP20 4PG

Swift Services (Hereford) Limited (Registered number: 08145401)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 10,057 14,299
10,057 14,299

CURRENT ASSETS
Stocks 7 5,935 6,065
Debtors 8 13,570 35,537
Cash at bank 954 14,970
20,459 56,572
CREDITORS
Amounts falling due within one year 9 41,600 69,772
NET CURRENT LIABILITIES (21,141 ) (13,200 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,084

)

1,099

PROVISIONS FOR LIABILITIES 738 738
NET (LIABILITIES)/ASSETS (11,822 ) 361

CAPITAL AND RESERVES
Called up share capital 10 210 210
Retained earnings (12,032 ) 151
SHAREHOLDERS' FUNDS (11,822 ) 361

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Services (Hereford) Limited (Registered number: 08145401)

Balance Sheet - continued
31 July 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 14 April 2025 and were signed on its behalf by:




H D Milsom - Director



T V Milsom - Director


Swift Services (Hereford) Limited (Registered number: 08145401)

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

1. STATUTORY INFORMATION

Swift Services (Hereford) Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.


Swift Services (Hereford) Limited (Registered number: 08145401)

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

3. ACCOUNTING POLICIES - continued
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.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 25,000
AMORTISATION
At 1 August 2023
and 31 July 2024 25,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

Swift Services (Hereford) Limited (Registered number: 08145401)

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

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 119,579
Additions 1,024
At 31 July 2024 120,603
DEPRECIATION
At 1 August 2023 105,280
Charge for year 5,266
At 31 July 2024 110,546
NET BOOK VALUE
At 31 July 2024 10,057
At 31 July 2023 14,299

7. STOCKS
31.7.24 31.7.23
£    £   
Stocks 2,940 3,015
Work-in-progress 2,995 3,050
5,935 6,065

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 13,113 35,537
Other debtors 457 -
13,570 35,537

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 6,990 4,934
Taxation and social security (388 ) 8,515
Other creditors 34,998 56,323
41,600 69,772

Swift Services (Hereford) Limited (Registered number: 08145401)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary A £1 200 200
10 Ordinary B £1 10 10
210 210