Swift Metal Fabrications Limited


Director	Mr N Hing


Company Secretary	Mrs N Brooks


Registered Address	6-7 Townsend Centre
	Blackburn Road Houghton Regis
	Dunstable
	LU5 5BQ


Registered Number	02341023 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		432,662		426,970
			432,662		426,970
Current assets
Stocks	4	254,358		40,644
Debtors		57,084		139,450
Cash at bank and on hand		542,829		725,034
		854,271		905,128
Creditors amounts falling due within one year	5	(113,485)		(180,524)
Net current assets (liabilities)			740,786		724,604
Total assets less current liabilities			1,173,448		1,151,574
Net assets			1,173,448		1,151,574
Capital and reserves
Called up share capital			75		75
Profit and loss account			1,173,373		1,151,499
Shareholders' funds			1,173,448		1,151,574

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 2 October 2025, and are signed on its behalf by:

Mr N Hing
Director
Registered Company No. 02341023

Swift Metal Fabrications Limited

Notes to the Financial Statements
for the year ended 31 March 2025

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.

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.

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.

	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:


		Reducing balance (%)
	Vehicles	25
	Office Equipment	25

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	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


		2025		2024
	Average number of employees during the year	15		16

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Total
	£	£	£	£
Cost or valuation
At 01 April 24	416,753	80,301	101,139	598,193
Additions	-	228	14,000	14,228
At 31 March 25	416,753	80,529	115,139	612,421
Depreciation and impairment
At 01 April 24	9,700	69,462	92,061	171,223
Charge for year	-	2,767	5,769	8,536
At 31 March 25	9,700	72,229	97,830	179,759
Net book value
At 31 March 25	407,053	8,300	17,309	432,662
At 31 March 24	407,053	10,839	9,078	426,970

4.	Stocks

	2025	2024
	£	£
Work in progress	238,358	24,644
Other stocks	16,000	16,000
Total	254,358	40,644

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	88,396	38,817
Bank borrowings and overdrafts	113	457
Taxation and social security	22,743	136,947
Other creditors	833	2,988
Accrued liabilities and deferred income	1,400	1,315
Total	113,485	180,524


	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.