REGISTERED NUMBER: 01926196 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Swiftpark Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J D C Sargeant

A Sargeant

REGISTERED OFFICE:

113 London Road

Horndean

Waterlooville

Hampshire

PO8 OBJ

REGISTERED NUMBER:

01926196 (England and Wales)

ACCOUNTANTS:

Hughes Spencer

12 Acorn Business Park

Northarbour Road

Portsmouth

Hampshire

PO6 3TH

FIXED ASSETS

Tangible assets

4

35,497

40,394

CURRENT ASSETS

Stocks

610,297

672,486

Debtors

5

358,691

193,204

Cash at bank and in hand

30,040

28,539

999,028

894,229

CREDITORS

Amounts falling due within one year

6

629,914

528,890

NET CURRENT ASSETS

369,114

365,339

TOTAL ASSETS LESS CURRENT LIABILITIES

404,611

405,733

CREDITORS

Amounts falling due after more than one year

7

-

(8,689

)

PROVISIONS FOR LIABILITIES

(6,744

)

(10,099

)

NET ASSETS

397,867

386,945

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

397,767

386,845

SHAREHOLDERS' FUNDS

397,867

386,945

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2026 and were signed on its behalf by:

J D C Sargeant - Director

1.	STATUTORY INFORMATION

Swiftpark Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, 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.

Improvements to property

-

5% on reducing balance

Plant and machinery

-

15% on reducing balance

Motor Vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 September 2024

598

10,107

89,556

Additions

-

-

-

Disposals

-

-

-

At 31 August 2025

598

10,107

89,556

DEPRECIATION

At 1 September 2024

-

7,692

52,661

Charge for year

-

121

5,534

Eliminated on disposal

-

-

-

At 31 August 2025

-

7,813

58,195

NET BOOK VALUE

At 31 August 2025

598

2,294

31,361

At 31 August 2024

598

2,415

36,895

Motor

Computer

Vehicles

equipment

Totals

£

£

£

COST

At 1 September 2024

42,133

7,799

150,193

Additions

-

1,019

1,019

Disposals

-

(5,471

)

(5,471

)

At 31 August 2025

42,133

3,347

145,741

DEPRECIATION

At 1 September 2024

42,062

7,384

109,799

Charge for year

24

237

5,916

Eliminated on disposal

-

(5,471

)

(5,471

)

At 31 August 2025

42,086

2,150

110,244

NET BOOK VALUE

At 31 August 2025

47

1,197

35,497

At 31 August 2024

71

415

40,394

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

335,932

179,547

Other debtors

22,759

13,657

358,691

193,204

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

73,783

53,019

Trade creditors

497,557

413,568

Taxation and social security

6,469

13,749

Other creditors

52,105

48,554

629,914

528,890

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

8,689

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

65,079

42,735

Bank loans

8,704

18,973

Stock finance loan

-

148,081

73,783

209,789

The liability to the company's bankers is secured by a fixed and floating charge over the company's assets dated 4th May 2005, and directors' guarantees.

The Stock finance loan is secured by a charge on specific stock items.