IRIS Accounts Production v25.1.0.734 01926196 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh019261962023-08-31019261962024-08-31019261962023-09-012024-08-31019261962022-08-31019261962022-09-012023-08-31019261962023-08-3101926196ns15:EnglandWales2023-09-012024-08-3101926196ns14:PoundSterling2023-09-012024-08-3101926196ns10:Director12023-09-012024-08-3101926196ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3101926196ns10:SmallEntities2023-09-012024-08-3101926196ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3101926196ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3101926196ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3101926196ns10:FullAccounts2023-09-012024-08-3101926196ns10:Director32023-09-012024-08-3101926196ns10:RegisteredOffice2023-09-012024-08-3101926196ns5:CurrentFinancialInstruments2024-08-3101926196ns5:CurrentFinancialInstruments2023-08-3101926196ns5:Non-currentFinancialInstruments2024-08-3101926196ns5:Non-currentFinancialInstruments2023-08-3101926196ns5:ShareCapital2024-08-3101926196ns5:ShareCapital2023-08-3101926196ns5:RetainedEarningsAccumulatedLosses2024-08-3101926196ns5:RetainedEarningsAccumulatedLosses2023-08-3101926196ns5:LeaseholdImprovements2023-09-012024-08-3101926196ns5:PlantMachinery2023-09-012024-08-3101926196ns5:MotorVehicles2023-09-012024-08-3101926196ns5:ComputerEquipment2023-09-012024-08-3101926196ns5:LandBuildingsns5:ShortLeaseholdAssets2023-08-3101926196ns5:LeaseholdImprovements2023-08-3101926196ns5:PlantMachinery2023-08-3101926196ns5:LandBuildingsns5:ShortLeaseholdAssets2023-09-012024-08-3101926196ns5:LandBuildingsns5:ShortLeaseholdAssets2024-08-3101926196ns5:LeaseholdImprovements2024-08-3101926196ns5:PlantMachinery2024-08-3101926196ns5:LandBuildingsns5:ShortLeaseholdAssets2023-08-3101926196ns5:LeaseholdImprovements2023-08-3101926196ns5:PlantMachinery2023-08-3101926196ns5:MotorVehicles2023-08-3101926196ns5:ComputerEquipment2023-08-3101926196ns5:MotorVehicles2024-08-3101926196ns5:ComputerEquipment2024-08-3101926196ns5:MotorVehicles2023-08-3101926196ns5:ComputerEquipment2023-08-3101926196ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3101926196ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3101926196ns5:WithinOneYear2024-08-3101926196ns5:WithinOneYear2023-08-3101926196ns5:Secured2024-08-3101926196ns5:Secured2023-08-31
REGISTERED NUMBER: 01926196 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Swiftpark Limited

Swiftpark Limited (Registered number: 01926196)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Swiftpark Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: J D C Sargeant
A Sargeant





REGISTERED OFFICE: 113 London Road
Horndean
Waterlooville
Hampshire
PO8 OBJ





REGISTERED NUMBER: 01926196 (England and Wales)





ACCOUNTANTS: Hughes Spencer
12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH

Swiftpark Limited (Registered number: 01926196)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 40,394 46,723

CURRENT ASSETS
Stocks 672,486 735,957
Debtors 5 193,204 250,426
Cash at bank and in hand 28,539 32,423
894,229 1,018,806
CREDITORS
Amounts falling due within one year 6 528,890 683,410
NET CURRENT ASSETS 365,339 335,396
TOTAL ASSETS LESS CURRENT
LIABILITIES

405,733

382,119

CREDITORS
Amounts falling due after more than one
year

7

(8,689

)

(18,906

)

PROVISIONS FOR LIABILITIES (10,099 ) (11,681 )
NET ASSETS 386,945 351,532

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 386,845 351,432
SHAREHOLDERS' FUNDS 386,945 351,532

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

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

Swiftpark Limited (Registered number: 01926196)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 8 April 2025 and were signed on its behalf by:





J D C Sargeant - Director


Swiftpark Limited (Registered number: 01926196)

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

1. STATUTORY INFORMATION

Swiftpark 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. 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.
Improvements to property - 5% on reducing balance
Plant and machinery - 15% on reducing balance
Motor Vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

Swiftpark Limited (Registered number: 01926196)

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

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 September 2023 598 10,107 89,556
Additions - - -
Disposals - - -
At 31 August 2024 598 10,107 89,556
DEPRECIATION
At 1 September 2023 - 7,565 46,150
Charge for year - 127 6,511
Eliminated on disposal - - -
At 31 August 2024 - 7,692 52,661
NET BOOK VALUE
At 31 August 2024 598 2,415 36,895
At 31 August 2023 598 2,542 43,406

Motor Computer
Vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 42,133 8,400 150,794
Additions - 524 524
Disposals - (1,125 ) (1,125 )
At 31 August 2024 42,133 7,799 150,193
DEPRECIATION
At 1 September 2023 42,039 8,317 104,071
Charge for year 23 192 6,853
Eliminated on disposal - (1,125 ) (1,125 )
At 31 August 2024 42,062 7,384 109,799
NET BOOK VALUE
At 31 August 2024 71 415 40,394
At 31 August 2023 94 83 46,723

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 179,547 225,030
Other debtors 13,657 25,396
193,204 250,426

Swiftpark Limited (Registered number: 01926196)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 53,019 41,913
Trade creditors 413,568 539,906
Taxation and social security 13,749 18,351
Other creditors 48,554 83,240
528,890 683,410

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 8,689 18,906

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 48,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 42,735 31,875
Bank loans 18,973 28,944
Stock finance loan 148,081 283,473
209,789 344,292

The liability to the company's bankers is secured by a fixed and floating charge over the company's assets dated 4th May 2005, and directors' guarantees.
The Stock finance loan is secured by a charge on specific stock items.