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Registered number: 12697696
Switch Fleet Services Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
Maple Accountancy Ltd
Carter House
Wyvern Business Park, Stanier Way
Derby
Derbyshire
DE21 6BF
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 12697696
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 28,254 1,338
28,254 1,338
CURRENT ASSETS
Debtors 5,953 1,615
Cash at bank and in hand 11,221 1,343
17,174 2,958
Creditors: Amounts Falling Due Within One Year (36,785 ) (17,113 )
NET CURRENT ASSETS (LIABILITIES) (19,611 ) (14,155 )
TOTAL ASSETS LESS CURRENT LIABILITIES 8,643 (12,817 )
NET ASSETS/(LIABILITIES) 8,643 (12,817 )
CAPITAL AND RESERVES
Called up share capital 5 4 2
Profit and Loss Account 8,639 (12,819 )
SHAREHOLDERS' FUNDS 8,643 (12,817)
Page 1
Page 2
For the year ending 31 March 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
S Kasher
Director
02/12/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Switch Fleet Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12697696 . The registered office is Suite 20 The Wenta Business Center, Electric Avenue, Innova Park, EN3 7XU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. They will continue to financially support the company during this uncertain period.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on reducing balance
Computer Equipment 25% on cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Total
£
Cost
As at 1 April 2024 1,645
Additions 32,000
As at 31 March 2025 33,645
Depreciation
As at 1 April 2024 307
Provided during the period 5,084
As at 31 March 2025 5,391
Net Book Value
As at 31 March 2025 28,254
As at 1 April 2024 1,338
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5. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4 2
Page 4