Company registration number 04468311 (England and Wales)
SWIFT SCAFFOLD SERVICES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
SWIFT SCAFFOLD SERVICES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
SWIFT SCAFFOLD SERVICES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,703
3,606
Current assets
Debtors
4
13,041
18,543
Creditors: amounts falling due within one year
5
(24,347)
(24,745)
Net current liabilities
(11,306)
(6,202)
Total assets less current liabilities
(8,603)
(2,596)
Provisions for liabilities
-
0
(685)
Net liabilities
(8,603)
(3,281)
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
(8,605)
(3,283)
Total equity
(8,603)
(3,281)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 11 August 2025
Mr J  Cleary
Director
Company registration number 04468311 (England and Wales)
SWIFT SCAFFOLD SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Swift Scaffold Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 20 Kirby Drive, Luton, Bedfordshire, LU3 4AS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

 

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.4
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Computers
25% reducing balance
Motor vehicles
25% reducing balance
SWIFT SCAFFOLD SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
SWIFT SCAFFOLD SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024 and 31 March 2025
67,508
358
26,720
94,586
Depreciation and impairment
At 1 April 2024
65,554
-
0
25,426
90,980
Depreciation charged in the year
489
90
324
903
At 31 March 2025
66,043
90
25,750
91,883
Carrying amount
At 31 March 2025
1,465
268
970
2,703
At 31 March 2024
1,954
358
1,294
3,606
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
2,120
13,277
Other debtors
10,921
5,266
13,041
18,543
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
6,904
6,517
Trade creditors
1,206
2,182
Taxation and social security
360
7,164
Other creditors
15,877
8,882
24,347
24,745
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
2
2
2
2
SWIFT SCAFFOLD SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
7
Directors' transactions

The company operates current loan accounts with it's directors. As at 31 March 2025 an amount of £10,805 (2024 - £3610) was owed by the company to its directors and is included within creditors: amounts due within one year.

2025-03-312024-04-01falsefalsefalse11 August 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr J Cleary2025-08-11044683112024-04-012025-03-31044683112025-03-31044683112024-03-3104468311core:PlantMachinery2025-03-3104468311core:ComputerEquipment2025-03-3104468311core:MotorVehicles2025-03-3104468311core:PlantMachinery2024-03-3104468311core:ComputerEquipment2024-03-3104468311core:MotorVehicles2024-03-3104468311core:CurrentFinancialInstrumentscore:WithinOneYear2025-03-3104468311core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3104468311core:CurrentFinancialInstruments2025-03-3104468311core:CurrentFinancialInstruments2024-03-3104468311core:ShareCapital2025-03-3104468311core:ShareCapital2024-03-3104468311core:RetainedEarningsAccumulatedLosses2025-03-3104468311core:RetainedEarningsAccumulatedLosses2024-03-3104468311core:ShareCapitalOrdinaryShareClass12025-03-3104468311core:ShareCapitalOrdinaryShareClass12024-03-3104468311bus:Director12024-04-012025-03-3104468311core:PlantMachinery2024-04-012025-03-3104468311core:ComputerEquipment2024-04-012025-03-3104468311core:MotorVehicles2024-04-012025-03-31044683112023-04-012024-03-3104468311core:PlantMachinery2024-03-3104468311core:ComputerEquipment2024-03-3104468311core:MotorVehicles2024-03-31044683112024-03-3104468311core:WithinOneYear2025-03-3104468311core:WithinOneYear2024-03-3104468311bus:OrdinaryShareClass12024-04-012025-03-3104468311bus:OrdinaryShareClass12025-03-3104468311bus:OrdinaryShareClass12024-03-3104468311bus:PrivateLimitedCompanyLtd2024-04-012025-03-3104468311bus:SmallCompaniesRegimeForAccounts2024-04-012025-03-3104468311bus:FRS1022024-04-012025-03-3104468311bus:AuditExemptWithAccountantsReport2024-04-012025-03-3104468311bus:FullAccounts2024-04-012025-03-31xbrli:purexbrli:sharesiso4217:GBP