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Registered number: 05317138
Swift Aircraft Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Steve Pye & Co.
Unit 10 Aylsham Business Park
Richard Oakes Road
Aylsham
Norfolk
NR11 6FD
Swift Aircraft Limited
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—6

Page 1
Swift Aircraft Limited
Statement of Financial Position
As At 31 March 2026
Statement of Financial Position
Registered number: 05317138

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 9,325 |  | 9,325
Tangible Assets | 5 |  | 83,271 |  | 113,335
|  |  | 92,596 |  | 122,660
CURRENT ASSETS
Debtors | 7 | 575,071 |  | 374,250 |
|  | 575,071 |  | 374,250 |
Creditors: Amounts Falling Due Within One Year | 8 | (1,374,864 ) |  | (655,309 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (799,793 ) |  | (281,059 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (707,197 ) |  | (158,399 )
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (1,284,771 ) |  | (1,290,320 )
NET LIABILITIES |  |  | (1,991,968 ) |  | (1,448,719 )
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100,000 |  | 100,000
Income Statement |  |  | (2,091,968 ) |  | (1,548,719 )
SHAREHOLDERS' FUNDS |  |  | (1,991,968) |  | (1,448,719)

Page 1
Page 2
Swift Aircraft Limited
Statement of Financial Position (continued)
As At 31 March 2026
For the year ending 31 March 2026 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 Income Statement.
On behalf of the board

Mr D I Stanbridge Director
21 August 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Swift Aircraft Limited
Notes to the Financial Statements
For The Year Ended 31 March 2026
Notes to the Financial Statements
1. General Information
Swift Aircraft Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05317138 . The registered office is Unit M, Building 35 Scottow Enterprise Park, Lamas Road, Badersfield, Norfolk, NR10 5FB. The presentation currency of the financial statements is the Pound Sterling (£).
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3. 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:

Leasehold | 5% straight line
Computer Equipment | 25% straight line

2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value.
Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.
2.5. Financial Instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.
a) Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.
b) Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.
c) Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
d) Trade and other creditors
...CONTINUED
Page 3
Page 4
Swift Aircraft Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
2.5. Financial Instruments - continued
Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an 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.
2.6. Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
2.7. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comrehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.8. Pensions
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. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2025: 7)
7 7
Page 4
Page 5
Swift Aircraft Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
4. Intangible Assets

| Development Costs
--- | ---
| £
Cost
As at 1 April 2025 | 9,325
As at 31 March 2026 | 9,325
Net Book Value
As at 31 March 2026 | 9,325
As at 1 April 2025 | 9,325

5. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Computer Equipment | Total
| £ | £ | £
Cost
As at 1 April 2025 | 121,016 | 122,631 | 243,647
As at 31 March 2026 | 121,016 | 122,631 | 243,647
Depreciation
As at 1 April 2025 | 72,105 | 58,207 | 130,312
Provided during the period | 12,101 | 17,963 | 30,064
As at 31 March 2026 | 84,206 | 76,170 | 160,376
Net Book Value
As at 31 March 2026 | 36,810 | 46,461 | 83,271
As at 1 April 2025 | 48,911 | 64,424 | 113,335

6. Stocks

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £

7. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 250,126 |  | 144,937
Other debtors | - |  | 295
VAT | 147,798 |  | 145,458
| 397,924 |  | 290,690
Due after more than one year
Amounts owed by group undertakings | 177,147 |  | 83,560
| 575,071 |  | 374,250

Page 5
Page 6
Swift Aircraft Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
8. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Trade creditors | 587,849 |  | 241,167
Bank loans and overdrafts | 115,819 |  | 169,742
Other taxes and social security | 13,575 |  | 10,693
Pension | 1,126 |  | 1,346
Accruals and deferred income | 1,400 |  | 1,600
Directors' loan accounts | 424,705 |  | -
Amounts owed to group undertakings | 230,390 |  | 230,761
| 1,374,864 |  | 655,309

9. Creditors: Amounts Falling Due After More Than One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Bank loans | 1,284,771 |  | 1,290,320

10. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100,000 |  | 100,000

Page 6