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Company Registration No. 03741789 (England and Wales)
Swift Catering Equipment Limited Unaudited accounts for the year ended 31 March 2025
Swift Catering Equipment Limited Unaudited accounts Contents
Page
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Swift Catering Equipment Limited Company Information for the year ended 31 March 2025
Directors
William Westwood Munro Ashley James Munro
Secretary
Ashley Munro
Company Number
03741789 (England and Wales)
Registered Office
10 BRAISWICK PLACE LAINDON NORTH INDUSTRIAL ESTATE BASILDON ESSEX SS15 6EB
Accountants
LTG Accountants Limited 39A High Street Billericay Essex CM12 9BA
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Swift Catering Equipment Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
75,566 
71,911 
Current assets
Inventories
107,271 
112,690 
Debtors
466,764 
18,128 
Cash at bank and in hand
(19,397)
139,099 
554,638 
269,917 
Creditors: amounts falling due within one year
(439,964)
(236,153)
Net current assets
114,674 
33,764 
Total assets less current liabilities
190,240 
105,675 
Provisions for liabilities
Deferred tax
(16,793)
(17,978)
Net assets
173,447 
87,697 
Capital and reserves
Called up share capital
504 
504 
Share premium
4,500 
4,500 
Profit and loss account
168,443 
82,693 
Shareholders' funds
173,447 
87,697 
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 directors acknowledge their 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 of Directors and authorised for issue on 2 June 2025 and were signed on its behalf by
William Westwood Munro Director Company Registration No. 03741789
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Swift Catering Equipment Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Swift Catering Equipment Limited is a private company, limited by shares, registered in England and Wales, registration number 03741789. The registered office is 10 BRAISWICK PLACE, LAINDON NORTH INDUSTRIAL ESTATE, BASILDON, ESSEX, SS15 6EB.
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
25% Straight line
Fixtures & fittings
15% Reducing balance and 20% Straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. This is amortised to profit and loss account over its estimated economic life of 20 years. Other intangibe assets are Computer software costs. It is depreciated as follows: Software - 25% Straight line
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Swift Catering Equipment Limited Notes to the Accounts for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 April 2024
5,000 
7,820 
12,820 
At 31 March 2025
5,000 
7,820 
12,820 
Amortisation
At 1 April 2024
5,000 
7,820 
12,820 
At 31 March 2025
5,000 
7,820 
12,820 
Net book value
At 31 March 2025
- 
- 
- 
Goodwill is measured at cost less accumulative amortisation and any accumulative impairment losses. This is amortised to profit and loss account over its estimated economic life of 20 years. Other intangibe assets are Computer software costs. It is depreciated as follows: Software - 25% Straight line
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2024
139,410 
133,439 
93,087 
365,936 
Additions
36,500 
- 
- 
36,500 
Disposals
(6,200)
(3,359)
- 
(9,559)
At 31 March 2025
169,710 
130,080 
93,087 
392,877 
Depreciation
At 1 April 2024
112,413 
99,487 
82,125 
294,025 
Charge for the year
11,801 
14,910 
1,644 
28,355 
On disposals
(1,710)
(3,359)
- 
(5,069)
At 31 March 2025
122,504 
111,038 
83,769 
317,311 
Net book value
At 31 March 2025
47,206 
19,042 
9,318 
75,566 
At 31 March 2024
26,997 
33,952 
10,962 
71,911 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
456,188 
(377)
Accrued income and prepayments
10,576 
18,505 
466,764 
18,128 
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Swift Catering Equipment Limited Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
100,323 
59,631 
Trade creditors
262,621 
151,490 
Taxes and social security
40,831 
12,606 
Other creditors
26,189 
12,426 
Loans from directors
10,000 
- 
439,964 
236,153 
8
Average number of employees
During the year the average number of employees was 17 (2024: 20).
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