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Company Registration No. 13504801 (England and Wales)
Swifty Software LTD Unaudited accounts for the year ended 30 June 2025
Swifty Software LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Swifty Software LTD Company Information for the year ended 30 June 2025
Director
M. Baughan
Company Number
13504801 (England and Wales)
Registered Office
1 GROVE COTTAGES BRIGHOUSE HD6 2RE ENGLAND
Accountants
Small Business Accountancy 18 Stoney Hill Rastrick Brighouse West Yorkshire HD6 3BP
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Swifty Software LTD Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,365
1,788
Current assets
Debtors
5
-
308
Cash at bank and in hand
501
189
501
497
Creditors: amounts falling due within one year
6
(1,921)
(1,598)
Net current liabilities
(1,420)
(1,101)
Total assets less current liabilities
(55)
687
Provisions for liabilities
Deferred tax
7
(259)
(340)
Net (liabilities)/assets
(314)
347
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
(315)
346
Shareholders' funds
(314)
347
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 6 October 2025 and were signed on its behalf by
M. Baughan Director Company Registration No. 13504801
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Swifty Software LTD Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Swifty Software LTD is a private company, limited by shares, registered in England and Wales, registration number 13504801. The registered office is 1 GROVE COTTAGES, BRIGHOUSE, HD6 2RE, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Computer equipment
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Going concern
The accounts have been prepared on a going concern basis, despite the fact that liabilities exceed assets. The director considers that it is appropriate to prepare the accounts on the going concern basis.
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Swifty Software LTD Notes to the Accounts for the year ended 30 June 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 July 2024
923
2,706
3,629
At 30 June 2025
923
2,706
3,629
Depreciation
At 1 July 2024
451
1,390
1,841
Charge for the year
94
329
423
At 30 June 2025
545
1,719
2,264
Net book value
At 30 June 2025
378
987
1,365
At 30 June 2024
472
1,316
1,788
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
-
308
6
Creditors: amounts falling due within one year
2025
2024
£
£
Loans from directors
1,159
848
Accruals
762
750
1,921
1,598
7
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
259
340
2025
2024
£
£
Provision at start of year
340
446
Credited to the profit and loss account
(81)
(106)
Provision at end of year
259
340
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
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Swifty Software LTD Notes to the Accounts for the year ended 30 June 2025
9
Transactions with related parties
The company is in receipt of a loan amounting to £1,159.00 from a member of key management personnel. The rate of interest charged is 0%. The loan is payable on demand although the director has agreed not to seek repayment of this amount until the company has sufficient funds to do so. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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