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SWIFT HALF LIMITED

Registered Number
15061835
(England and Wales)

Unaudited Financial Statements for the Period ended
31 August 2024

SWIFT HALF LIMITED
Company Information
for the period from 10 August 2023 to 31 August 2024

Director

FOLEY, Conor Patrick

Registered Address

Clearsight Accounting Ltd, Regus House Malthouse Avenue
Pontprennau
Cardiff
CF23 8RU

Registered Number

15061835 (England and Wales)
SWIFT HALF LIMITED
Balance Sheet as at
31 August 2024

Notes

2024

£

£

Fixed assets
Tangible assets31,620
1,620
Current assets
Debtors6,943
Cash at bank and on hand2,775
9,718
Creditors amounts falling due within one year4(135,700)
Net current assets (liabilities)(125,982)
Total assets less current liabilities(124,362)
Net assets(124,362)
Capital and reserves
Profit and loss account(124,362)
Shareholders' funds(124,362)
The financial statements were approved and authorised for issue by the Director on 8 May 2025, and are signed on its behalf by:
FOLEY, Conor Patrick
Director
Registered Company No. 15061835
SWIFT HALF LIMITED
Notes to the Financial Statements
for the period ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing 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 transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Land and buildings50
Plant and machinery10
Fixtures and fittings10
Vehicles5
Office Equipment5
2.Average number of employees

2024
Average number of employees during the year9
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
Additions1,6961,696
At 31 August 241,6961,696
Depreciation and impairment
Charge for year7676
At 31 August 247676
Net book value
At 31 August 241,6201,620
At 09 August 23--
4.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables66,593
Bank borrowings and overdrafts615
Taxation and social security68,107
Other creditors385
Total135,700