Company registration number 03545679 (England and Wales)
SWIFTCOM IT GROUP LTD (FORMERLY ON-LINE MARKETING AND SALES LIMITED)
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
SWIFTCOM IT GROUP LTD (FORMERLY ON-LINE MARKETING AND SALES LIMITED)
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8
SWIFTCOM IT GROUP LTD (FORMERLY ON-LINE MARKETING AND SALES LIMITED)
STATEMENT OF FINANCIAL POSITION
AS AT
30 JUNE 2025
30 June 2025
- 1 -
30 June 2025
31 March 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
10,026
15,724
Investments
4
839,875
-
0
849,901
15,724
Current assets
Debtors
5
492,680
254,723
Cash at bank and in hand
131,424
28,286
624,104
283,009
Creditors: amounts falling due within one year
6
(929,252)
(129,240)
Net current (liabilities)/assets
(305,148)
153,769
Total assets less current liabilities
544,753
169,493
Creditors: amounts falling due after more than one year
7
(421,667)
-
0
Provisions for liabilities
8
(1,697)
(2,897)
Net assets
121,389
166,596
Capital and reserves
Called up share capital
9
2
2
Profit and loss reserves
121,387
166,594
Total equity
121,389
166,596
SWIFTCOM IT GROUP LTD (FORMERLY ON-LINE MARKETING AND SALES LIMITED)
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
30 JUNE 2025
30 June 2025
- 2 -

For the financial period ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 29 June 2026 and are signed on its behalf by:
Mr K J Penman
Mr J Savion
Director
Director
Company registration number 03545679 (England and Wales)
SWIFTCOM IT GROUP LTD (FORMERLY ON-LINE MARKETING AND SALES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2025
- 3 -
1
Accounting policies
Company information

Swiftcom IT Group Ltd (Formerly On-Line Marketing and Sales Limited) is a private company limited by shares incorporated in England and Wales. The registered office is 3 Vantage Court, Riverside Way, Barrowford, Nelson, BB9 6BP.

1.1
Reporting period

The directors have lengthened the reporting period in order to synchronise the period end with related companies. It should be noted that comparatives are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention and the principal accounting policies adopted are set out below.

1.3
Going concern

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

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% straight line
Fixtures, fittings & equipment
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

SWIFTCOM IT GROUP LTD (FORMERLY ON-LINE MARKETING AND SALES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.7
Cash and cash equivalents

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. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

SWIFTCOM IT GROUP LTD (FORMERLY ON-LINE MARKETING AND SALES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
2024
Number
Number
Total
2
2
SWIFTCOM IT GROUP LTD (FORMERLY ON-LINE MARKETING AND SALES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
- 6 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
506,222
Additions
3,003
At 30 June 2025
509,225
Depreciation and impairment
At 1 April 2024
490,498
Depreciation charged in the period
8,701
At 30 June 2025
499,199
Carrying amount
At 30 June 2025
10,026
At 31 March 2024
15,724
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
839,875
-
0
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 April 2024
-
Valuation changes
839,875
At 30 June 2025
839,875
Carrying amount
At 30 June 2025
839,875
At 31 March 2024
-
SWIFTCOM IT GROUP LTD (FORMERLY ON-LINE MARKETING AND SALES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
- 7 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
138,608
75,275
Amounts owed by group undertakings
326,535
159,573
Other debtors
27,537
19,875
492,680
254,723
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
100,834
-
0
Trade creditors
95,686
67,420
Amounts owed to group undertakings
417,999
-
0
Corporation tax
68,159
44,005
Other taxation and social security
23,361
14,172
Other creditors
223,213
3,643
929,252
129,240

The directors, Mr K J Penman and Mr J Savion, have provided a personal guarantee on the bank loans.

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
196,667
-
0
Other creditors
225,000
-
0
421,667
-
0

The directors, Mr K J Penman and Mr J Savion, have provided a personal guarantee on the bank loans.

8
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
1,697
2,897
SWIFTCOM IT GROUP LTD (FORMERLY ON-LINE MARKETING AND SALES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2025
- 8 -
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
10
Related party transactions

Included within other debtors were amounts of £326,535 (2024: £159,573) due from a related party.

Included within other creditors were amounts of £417,999 (2024: £Nil) due to a related party.

2025-06-30 2024-04-01 false false false 29 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr K J Penman Mr J Savion 03545679 2024-04-01 2025-06-30 03545679 2025-06-30 03545679 2024-03-31 03545679 core:OtherPropertyPlantEquipment 2025-06-30 03545679 core:OtherPropertyPlantEquipment 2024-03-31 03545679 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 03545679 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 03545679 core:Non-currentFinancialInstruments core:AfterOneYear 2025-06-30 03545679 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 03545679 core:CurrentFinancialInstruments 2025-06-30 03545679 core:CurrentFinancialInstruments core:AfterOneYear 2025-06-30 03545679 core:CurrentFinancialInstruments 2024-03-31 03545679 core:ShareCapital 2025-06-30 03545679 core:ShareCapital 2024-03-31 03545679 core:RetainedEarningsAccumulatedLosses 2025-06-30 03545679 core:RetainedEarningsAccumulatedLosses 2024-03-31 03545679 core:ShareCapitalOrdinaryShareClass1 2025-06-30 03545679 core:ShareCapitalOrdinaryShareClass1 2024-03-31 03545679 bus:Director1 2024-04-01 2025-06-30 03545679 bus:Director2 2024-04-01 2025-06-30 03545679 core:PlantMachinery 2024-04-01 2025-06-30 03545679 core:FurnitureFittings 2024-04-01 2025-06-30 03545679 2023-04-01 2024-03-31 03545679 core:OtherPropertyPlantEquipment 2024-03-31 03545679 core:OtherPropertyPlantEquipment 2024-04-01 2025-06-30 03545679 core:Non-currentFinancialInstruments 2025-06-30 03545679 core:Non-currentFinancialInstruments 2024-03-31 03545679 bus:OrdinaryShareClass1 2024-04-01 2025-06-30 03545679 bus:OrdinaryShareClass1 2025-06-30 03545679 bus:OrdinaryShareClass1 2024-03-31 03545679 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-06-30 03545679 bus:FRS102 2024-04-01 2025-06-30 03545679 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-06-30 03545679 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-06-30 03545679 bus:FullAccounts 2024-04-01 2025-06-30 xbrli:pure xbrli:shares iso4217:GBP