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REGISTERED NUMBER: 10599514 (England and Wales)















SWIFTOAK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025






SWIFTOAK LIMITED (REGISTERED NUMBER: 10599514)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWIFTOAK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTOR: Mr R W Swift





REGISTERED OFFICE: King Arthurs Court
Maidstone Road
Chaing
Ashford
Kent
TN27 0JS





REGISTERED NUMBER: 10599514 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur's Court
Maidstone Road
Charing
Kent
TN27 0JS

SWIFTOAK LIMITED (REGISTERED NUMBER: 10599514)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 80,536 63,808

CURRENT ASSETS
Debtors 5 - 8,607
Cash at bank 68,721 66,727
68,721 75,334
CREDITORS
Amounts falling due within one year 6 (86,152 ) (83,939 )
NET CURRENT LIABILITIES (17,431 ) (8,605 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,105

55,203

CREDITORS
Amounts falling due after more than one year 7 (59,901 ) (54,809 )
NET ASSETS 3,204 394

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,104 294
3,204 394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SWIFTOAK LIMITED (REGISTERED NUMBER: 10599514)

BALANCE SHEET - continued
28 FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2025 and were signed by:





Mr R W Swift - Director


SWIFTOAK LIMITED (REGISTERED NUMBER: 10599514)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. STATUTORY INFORMATION

Swiftoak Limited 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
Fixture & Fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

SWIFTOAK LIMITED (REGISTERED NUMBER: 10599514)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

4. TANGIBLE FIXED ASSETS
Plant and Fixture & Motor Computer
machinery Fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 29 February 2024 3,000 523 94,392 4,643 102,558
Additions 12,400 818 42,595 133 55,946
Disposals - - (21,995 ) - (21,995 )
At 28 February 2025 15,400 1,341 114,992 4,776 136,509
DEPRECIATION
At 29 February 2024 750 131 34,984 2,885 38,750
Charge for year 3,663 302 22,408 473 26,846
Eliminated on disposal - - (9,623 ) - (9,623 )
At 28 February 2025 4,413 433 47,769 3,358 55,973
NET BOOK VALUE
At 28 February 2025 10,987 908 67,223 1,418 80,536
At 28 February 2024 2,250 392 59,408 1,758 63,808

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Directors' current accounts - 8,607

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 25,343 22,340
Corporation Tax 23,381 1,961
VAT 5,347 14,770
Sundry creditors 8,596 14,729
Directors' current accounts 487 -
Deferred income 11,000 18,141
Accrued expenses 1,350 1,350
86,152 83,939

SWIFTOAK LIMITED (REGISTERED NUMBER: 10599514)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 2-5 years 8,370 18,401
Hire purchase contracts 51,531 36,408
59,901 54,809