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REGISTERED NUMBER: 02613376 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SWIFT JOINERY MANUFACTURERS LIMITED

SWIFT JOINERY MANUFACTURERS LIMITED (REGISTERED NUMBER: 02613376)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWIFT JOINERY MANUFACTURERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mark Lyndon Ronan
Andrew Mackie Ross





REGISTERED OFFICE: Unit 6
Carr Wood Road
Glasshoughton
Castleford
WF10 4SB





REGISTERED NUMBER: 02613376 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
16 Omega Business Village
Thurston Road
Northallerton
North Yorkshire
DL6 2NJ

SWIFT JOINERY MANUFACTURERS LIMITED (REGISTERED NUMBER: 02613376)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 92,131 67,015

CURRENT ASSETS
Stocks 101,050 93,050
Debtors 4 60,375 52,100
Cash at bank and in hand 55,096 111,894
216,521 257,044
CREDITORS
Amounts falling due within one year 5 153,621 134,065
NET CURRENT ASSETS 62,900 122,979
TOTAL ASSETS LESS CURRENT LIABILITIES 155,031 189,994

CREDITORS
Amounts falling due after more than one
year

6

8,209

18,271
NET ASSETS 146,822 171,723

CAPITAL AND RESERVES
Called up share capital 75,000 75,000
Profit and loss account 71,822 96,723
146,822 171,723

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 JOINERY MANUFACTURERS LIMITED (REGISTERED NUMBER: 02613376)

BALANCE SHEET - continued
30 SEPTEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:




Mark Lyndon Ronan - Director



Andrew Mackie Ross - Director


SWIFT JOINERY MANUFACTURERS LIMITED (REGISTERED NUMBER: 02613376)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. 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.
Freehold property - 20% on cost and 10% on cost
Plant and machinery - 10% on cost
Motor vehicles - 10% 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 Profit and Loss Account, 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.

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.

SWIFT JOINERY MANUFACTURERS LIMITED (REGISTERED NUMBER: 02613376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. ACCOUNTING POLICIES - continued

INCOME RECOGNITION
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

FINANCE COSTS OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 14 ) .

3. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 October 2023 18,357 433,283 25,457 477,097
Additions - 38,075 - 38,075
At 30 September 2024 18,357 471,358 25,457 515,172
DEPRECIATION
At 1 October 2023 18,357 366,268 25,457 410,082
Charge for year - 12,959 - 12,959
At 30 September 2024 18,357 379,227 25,457 423,041
NET BOOK VALUE
At 30 September 2024 - 92,131 - 92,131
At 30 September 2023 - 67,015 - 67,015

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 51,625 42,112
Other debtors 8,750 9,988
60,375 52,100

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 35,499 59,563
Taxation and social security 29,870 26,308
Other creditors 88,252 48,194
153,621 134,065

SWIFT JOINERY MANUFACTURERS LIMITED (REGISTERED NUMBER: 02613376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 8,209 18,271

7. RELATED PARTY DISCLOSURES

Mr Mark Lyndon Ronan is also the director of Ronan Developments Limited. As at 30th September 2024 £50,834 (2023: £3,563) was included in related party balances owing to Ronan Developments Limited.

8. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £4,972 (2023: £7,614). Contributions totalling £1,134 (2023: £1,538) were payable to the fund at the year end and are included in creditors.