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SWIFT ROOFING CONTRACTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
Swift Roofing Contracts Limited is a private company limited by shares, incorporated in England and Wales. The registered office address of the company is Charles Lake House, Claire Causeway, Crossways Business Park, Dartford, Kent, DA2 6QA.
The principal activity of the company is that of roofing contractors and merchants of roofing products. There is minimal activity in this company following the sale of trade and assets to a fellow subsidiary in 2021.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
In 2021 the company sold its trade and assets to a fellow subsidiary company. All assets were transferred to the fellow subsidiary at their market values which being evaluated by the independant valuer. The directors do not intend to liquidate the company for the forseeable future and the company will have the support of other group companies to satisfy its outstanding creditors. As such the accounts have been prepared on a going concern basis.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Amounts owed by group undertakings
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