East Anglia Swift Transport Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07634403

East Anglia Swift Transport Limited

Unaudited financial statements

31 March 2025

East Anglia Swift Transport Limited

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		343,898		283,265

Current assets

Debtors	6	397,829	313,976
Cash at bank and in hand		37,870	50,390
		---------	---------
		435,699	364,366

Creditors: Amounts falling due within one year	7	( 159,285)		( 138,136)
		---------		---------
Net current assets			276,414		226,230
			---------		---------
Total assets less current liabilities			620,312		509,495

Creditors: Amounts falling due after more than one year	8		( 102,515)		( 97,724)

Provisions

Taxation including deferred tax	( 83,861)	( 70,792)
	---------	---------
Net assets	433,936	340,979
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	433,836	340,879
	---------	---------
Shareholders funds	433,936	340,979
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

East Anglia Swift Transport Limited

Statement of financial position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 28 November 2025 , and are signed on behalf of the board by:

M W Rutterford

Director

Company registration number: 07634403

East Anglia Swift Transport Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 18 Nunsgate, Thetford, Norfolk, IP24 3EL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25% straight line

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of employees during the year was 3 (2024: 3 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	3,165	483,569	10,552	497,286
Additions	–	156,393	–	156,393
Disposals	–	( 51,139)	–	( 51,139)
	------	---------	-------	---------
At 31 March 2025	3,165	588,823	10,552	602,540
	------	---------	-------	---------
Depreciation
At 1 April 2024	989	208,672	4,360	214,021
Charge for the year	791	69,613	2,070	72,474
Disposals	–	( 27,853)	–	( 27,853)
	------	---------	-------	---------
At 31 March 2025	1,780	250,432	6,430	258,642
	------	---------	-------	---------
Carrying amount
At 31 March 2025	1,385	338,391	4,122	343,898
	------	---------	-------	---------
At 31 March 2024	2,176	274,897	6,192	283,265
	------	---------	-------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	156,414	122,569
Other debtors	241,415	191,407
	---------	---------
	397,829	313,976
	---------	---------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	9,240	15,900
Trade creditors	57,153	46,407
Social security and other taxes	33,822	9,719
Other creditors	59,070	66,110
	---------	---------
	159,285	138,136
	---------	---------

Included in creditors are bank loans of £3,516 (2024: £6,900) and hire purchase agreements of £56,966 (2024: £61,294), these amounts are secured by assets held in the company.

8. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	6,843
Other creditors	102,515	90,881
	---------	-------
	102,515	97,724
	---------	-------

Included in creditors are bank loans of £Nil (2024: £1,259) and hire purchase agreements of £102,515 (2024: £90,881), these amounts are secured by assets held in the company.

9. Directors' advances, credits and guarantees

Included within debtors at the year end is an overdrawn loan account of £159,669 (2024: £125,833). The maximum overdrawn balance during the year was £162,171. Interest of £2,863 was charged at the official rate.