Swift Vulcanising Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03744903

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,051		2,751

			3,051		2,751
CURRENT ASSETS
Stocks	5	16,200		6,200
Debtors	6	77,808		15,593
Cash at bank and in hand		4		2

		94,012		21,795
Creditors: Amounts Falling Due Within One Year	7	(90,870 )		(17,118 )

NET CURRENT ASSETS (LIABILITIES)			3,142		4,677

TOTAL ASSETS LESS CURRENT LIABILITIES			6,193		7,428

Creditors: Amounts Falling Due After More Than One Year	8		(2,579 )		(8,726 )

NET ASSETS/(LIABILITIES)			3,614		(1,298 )

CAPITAL AND RESERVES
Called up share capital	9		6		6
Profit and Loss Account			3,608		(1,304 )

SHAREHOLDERS' FUNDS			3,614		(1,298)

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Swift Vulcanising Services Limited

Balance Sheet (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 Profit and Loss Account.

On behalf of the board

Miss Petra Baker

Director

14/08/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Swift Vulcanising Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03744903 . The registered office is Unit 10 Littleton Business Park, Littleton Drive, Cannock, WS12 4TR.

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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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:

Plant & Machinery	10200
Motor Vehicles	10020
Fixtures & Fittings	1440
Computer Equipment	900

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 3)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2025	25,754	31,400	1,800	2,317	61,271
Additions	2,145	-	-	-	2,145

As at 31 March 2026	27,899	31,400	1,800	2,317	63,416

...CONTINUED

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Swift Vulcanising Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Depreciation
As at 1 April 2025	23,003	31,400	1,800	2,317	58,520
Provided during the period	1,845	-	-	-	1,845

As at 31 March 2026	24,848	31,400	1,800	2,317	60,365

Net Book Value
As at 31 March 2026	3,051	-	-	-	3,051

As at 1 April 2025	2,751	-	-	-	2,751

5. Stocks

	2026	2025
	£	£
Stock	16,200	6,200

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	65,199	43,131
Factored debts outstanding	-	(37,558 )
VAT	9,384	8,131
Other taxes and social security	-	1,889
Directors' loan accounts	3,225	-

	77,808	15,593

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	60,973	41,378
Bank loans and overdrafts	25,993	3,959
Other creditors	720	(29,618 )
Other creditors (1)	-	853
Accruals and deferred income	2,600	-
Directors' loan accounts	584	546

	90,870	17,118

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

	2026	2025
	£	£
Bank loans	2,579	8,726

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	6	6

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Swift Vulcanising Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Miss Petra Baker	-	-	-	-	3
Mr Kevin Ward	-	-	-	-	3

The above loan is unsecured, interest free and repayable on demand.

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