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REGISTERED NUMBER: 12601865 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

SWIFTREG LTD

SWIFTREG LTD (REGISTERED NUMBER: 12601865)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWIFTREG LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2025







DIRECTORS: M R Barnes
J A Barnes





REGISTERED OFFICE: Suite 21, 10 Churchill Sqare
Kings Hill
West Malling
Kent
ME19 4YU





REGISTERED NUMBER: 12601865 (England and Wales)





ACCOUNTANTS: The Accountancy Practice Ltd
10 Churchill Square
Kings Hill
West Malling
Kent
ME19 5YU

SWIFTREG LTD (REGISTERED NUMBER: 12601865)

BALANCE SHEET
31 MAY 2025

31.5.25 31.5.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,696 47,082

CURRENT ASSETS
Stocks 1,151,910 1,241,285
Debtors 5 171,183 92,060
Cash at bank and in hand 2,177,509 1,449,279
3,500,602 2,782,624
CREDITORS
Amounts falling due within one year 6 622,097 266,822
NET CURRENT ASSETS 2,878,505 2,515,802
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,889,201

2,562,884

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,889,101 2,562,784
SHAREHOLDERS' FUNDS 2,889,201 2,562,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SWIFTREG LTD (REGISTERED NUMBER: 12601865)

BALANCE SHEET - continued
31 MAY 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 July 2025 and were signed on its behalf by:




M R Barnes - Director



J A Barnes - Director


SWIFTREG LTD (REGISTERED NUMBER: 12601865)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

1. STATUTORY INFORMATION

Swiftreg Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 11 ) .

SWIFTREG LTD (REGISTERED NUMBER: 12601865)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2024 11,867 6,417 120,698 7,231 146,213
Additions 145 2,432 - 2,792 5,369
Disposals - - (120,698 ) - (120,698 )
At 31 May 2025 12,012 8,849 - 10,023 30,884
DEPRECIATION
At 1 June 2024 5,441 3,953 82,509 7,228 99,131
Charge for year 1,643 405 - 1,518 3,566
Eliminated on disposal - - (82,509 ) - (82,509 )
At 31 May 2025 7,084 4,358 - 8,746 20,188
NET BOOK VALUE
At 31 May 2025 4,928 4,491 - 1,277 10,696
At 31 May 2024 6,426 2,464 38,189 3 47,082

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.25 31.5.24
£    £   
Trade debtors 171,082 91,959
Other debtors 101 101
171,183 92,060

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.25 31.5.24
£    £   
Trade creditors 101,463 187,423
Taxation and social security 480,381 46,299
Other creditors 40,253 33,100
622,097 266,822