Swift Fabrication Services Limited Filleted Accounts Cover
Swift Fabrication Services Limited
Company No. 15285702
Information for Filing with The Registrar
30 November 2024
Swift Fabrication Services Limited Directors Report Registrar
The Directors present their report and the accounts for the period ended 30 November 2024.
Principal activities
The principal activity of the company during the period under review was engineering and fabrication.
Directors
The Directors who served at any time during the period were as follows:
C. Clayton
S. Macleod
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
C. Clayton
Director
24 April 2025
Swift Fabrication Services Limited Balance Sheet Registrar
at
30 November 2024
Company No.
15285702
Notes
2024
£
Fixed assets
Tangible assets
4
2,053
2,053
Current assets
Debtors
5
5,138
Cash at bank and in hand
34,739
39,877
Creditors: Amount falling due within one year
6
(23,373)
Net current assets
16,504
Total assets less current liabilities
18,557
Net assets
18,557
Capital and reserves
Called up share capital
2
Profit and loss account
8
18,555
Total equity
18,557
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 24 April 2025 and signed on its behalf by:
C. Clayton
Director
17 April 2025
Swift Fabrication Services Limited Notes to the Accounts Registrar
for the period ended 30 November 2024
1
General information
Swift Fabrication Services Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 15285702
Its registered office is:
Unit 2 Millennium House
Gapton Hall Road
Great Yarmouth
Norfolk
NR31 0NL
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Motor vehicles
15% Reducing balance
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other 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.
3
Employees
2024
Number
The average monthly number of employees (including directors) during the period:
2
4
Tangible fixed assets
Motor vehicles
Total
£
£
Cost or revaluation
Additions
2,2002,200
At 30 November 2024
2,2002,200
Depreciation
Charge for the year
147147
At 30 November 2024
147147
Net book values
At 30 November 2024
2,0532,053
5
Debtors
2024
£
Trade debtors
3,738
VAT recoverable
1,400
5,138
6
Creditors:
amounts falling due within one year
2024
£
Trade creditors
520
Taxes and social security
16,445
Loans from directors
5,613
Accruals and deferred income
795
23,373
7
Share Capital
The company has 2 £1 ordinary shares in issue, which are fully paid up at par.
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
9
Dividends
2024
£
Dividends for the period:
Dividends paid in the period
42,149
42,149
Dividends by type:
Equity dividends
42,149
42,149
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