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SWIFT HOME LIFTS UK LTD

(formerly FENSTON & CROMWELL LTD)

Registered Number
11745037
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

SWIFT HOME LIFTS UK LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

BERGLUND, Östen
FRID, Gustav Martin
LÖWBÄCK, Tommy

Registered Address

35 Berkeley Square
Mayfair
London
W1J 5BF

Registered Number

11745037 (England and Wales)
SWIFT HOME LIFTS UK LTD
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets311,4392,325
11,4392,325
Current assets
Stocks494,40230,073
Debtors5118,86971,018
Cash at bank and on hand23,65269,014
236,923170,105
Creditors amounts falling due within one year6(229,703)(111,450)
Net current assets (liabilities)7,22058,655
Total assets less current liabilities18,65960,980
Provisions for liabilities7(30,491)(22,508)
Net assets(11,832)38,472
Capital and reserves
Called up share capital11
Profit and loss account(11,833)38,471
Shareholders' funds(11,832)38,472
The financial statements were approved and authorised for issue by the Board of Directors on 20 June 2025, and are signed on its behalf by:
BERGLUND, Östen
Director
Registered Company No. 11745037
SWIFT HOME LIFTS UK LTD
Notes to the Financial Statements
for the year ended 31 December 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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 January 24-3,1003,100
Additions7,5004,33811,838
At 31 December 247,5007,43814,938
Depreciation and impairment
At 01 January 24-775775
Charge for year1,2501,4742,724
At 31 December 241,2502,2493,499
Net book value
At 31 December 246,2505,18911,439
At 31 December 23-2,3252,325
4.Stocks

2024

2023

££
Raw materials and consumables91,51230,073
Work in progress2,890-
Total94,40230,073
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables80,13646,347
Other debtors37,47620,260
Prepayments and accrued income1,2574,411
Total118,86971,018
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables65,66035,489
Taxation and social security8,5169,444
Other creditors6,51311,439
Accrued liabilities and deferred income149,01455,078
Total229,703111,450
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Provisions for liabilities

2024

2023

££
Other provisions30,49122,508
Total30,49122,508