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
Swift Catering Equipment Limited
Company Information
for the year ended 31 March 2025
Directors
William Westwood Munro
Ashley James 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
Swift Catering Equipment Limited
Statement of financial position
as at 31 March 2025
Tangible assets
75,566
71,911
Inventories
107,271
112,690
Cash at bank and in hand
(19,397)
139,099
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)
Called up share capital
504
504
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
Swift Catering Equipment Limited
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (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
Swift Catering Equipment Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
Other
Total
At 1 April 2024
5,000
7,820
12,820
At 31 March 2025
5,000
7,820
12,820
At 1 April 2024
5,000
7,820
12,820
At 31 March 2025
5,000
7,820
12,820
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
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
At 31 March 2025
47,206
19,042
9,318
75,566
At 31 March 2024
26,997
33,952
10,962
71,911
Amounts falling due within one year
Trade debtors
456,188
(377)
Accrued income and prepayments
10,576
18,505
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
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
-
8
Average number of employees
During the year the average number of employees was 17 (2024: 20).