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Company Registration No. 11574451 (England and Wales)
Swift Improvements Ltd Unaudited accounts for the year ended 31 March 2025
Swift Improvements Ltd Unaudited accounts Contents
Page
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Swift Improvements Ltd Company Information for the year ended 31 March 2025
Director
A. Swift
Company Number
11574451 (England and Wales)
Registered Office
43A Ashbrow Road Huddersfield West Yorkshire HD2 1DX
Accountants
Small Business Accountancy 18 Stoney Hill Rastrick Brighouse West Yorkshire HD6 3BP
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Swift Improvements Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,698 
6,006 
Current assets
Inventories
310 
240 
Debtors
4,985 
1,094 
Cash at bank and in hand
42 
2,733 
5,337 
4,067 
Creditors: amounts falling due within one year
(4,677)
(4,793)
Net current assets/(liabilities)
660 
(726)
Total assets less current liabilities
6,358 
5,280 
Provisions for liabilities
Deferred tax
(1,083)
(1,141)
Net assets
5,275 
4,139 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
5,274 
4,138 
Shareholders' funds
5,275 
4,139 
For the year ending 31 March 2025 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 May 2025 and were signed on its behalf by
A. Swift Director Company Registration No. 11574451
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Swift Improvements Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Swift Improvements Ltd is a private company, limited by shares, registered in England and Wales, registration number 11574451. The registered office is 43A Ashbrow Road, Huddersfield, West Yorkshire, HD2 1DX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Swift Improvements Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2024
2,453 
5,300 
904 
8,657 
Additions
1,136 
- 
- 
1,136 
At 31 March 2025
3,589 
5,300 
904 
9,793 
Depreciation
At 1 April 2024
998 
1,060 
593 
2,651 
Charge for the year
518 
848 
78 
1,444 
At 31 March 2025
1,516 
1,908 
671 
4,095 
Net book value
At 31 March 2025
2,073 
3,392 
233 
5,698 
At 31 March 2024
1,455 
4,240 
311 
6,006 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,469 
- 
Accrued income and prepayments
12 
1,094 
Other debtors
504 
- 
4,985 
1,094 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
3,375 
613 
Loans from directors
231 
1,862 
Accruals
1,071 
2,318 
4,677 
4,793 
7
Deferred taxation
2025 
2024 
£ 
£ 
Accelerated capital allowances
1,083 
1,141 
2025 
2024 
£ 
£ 
Provision at start of year
1,141 
275 
(Credited)/charged to the profit and loss account
(58)
866 
Provision at end of year
1,083 
1,141 
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Swift Improvements Ltd Notes to the Accounts for the year ended 31 March 2025
8
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Transactions with related parties
The company is in receipt of a loan amounting to £231.00 from a member of key management personnel. The loan is payable on demand and the rate of interest charged is 0%. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year. During the year, total dividends of £13,000 (2024: £2,500) were paid to the director.
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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