REGISTERED NUMBER: 07519340 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

SWIFT ANALYTICAL LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

4,729

8,954

CURRENT ASSETS

Debtors

5

9,380

15,932

Cash at bank

6,927

42,427

16,307

58,359

CREDITORS

Amounts falling due within one year

6

18,422

43,767

NET CURRENT (LIABILITIES)/ASSETS

(2,115

)

14,592

TOTAL ASSETS LESS CURRENT LIABILITIES

2,614

23,546

CREDITORS

Amounts falling due after more than one year

7

2,074

8,319

NET ASSETS

540

15,227

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

440

15,127

SHAREHOLDERS' FUNDS

540

15,227

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 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2025 and were signed on its behalf by:

M A Surve - Director

1.	STATUTORY INFORMATION

Swift Analytical Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07519340

Registered office:

Innovation Centre

Innovation Way

Heslington

York

North Yorkshire

YO10 5NY

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.

These 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 £1.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for the sale of scientific instrumentation. Turnover excludes 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.

Fixtures and fittings

-

20% on cost

Taxation

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

Current 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.

Hire purchase and leasing commitments

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Going concern

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

Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 March 2024

and 28 February 2025

22,722

DEPRECIATION

At 1 March 2024

13,768

Charge for year

4,225

At 28 February 2025

17,993

NET BOOK VALUE

At 28 February 2025

4,729

At 29 February 2024

8,954

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

592

15,002

Other debtors

8,788

930

9,380

15,932

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,944

5,944

Trade creditors

9,610

9,610

Taxation and social security

1,065

24,932

Other creditors

1,803

3,281

18,422

43,767

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,074

8,319

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

950

Ordinary A shares

0.10

95

95

50

Ordinary B shares

0.10

5

5

100

100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

£

A I Surve

Balance outstanding at start of year

(1,550

)

(275

)

Amounts advanced

33,755

51,660

Amounts repaid

(28,465

)

(52,935

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,740

(1,550

)