Swift Metal Fabrications Limited


Director	Mr N Hing


Company Secretary	Mrs N Brooks


Registered Address	6-7 Townsend Centre
	Blackburn Road Houghton Regis
	Dunstable
	LU5 5BQ


Registered Number	02341023 (England and Wales)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		430,560		432,662
			430,560		432,662
Current assets
Stocks	4	352,395		254,358
Debtors		79,828		57,084
Cash at bank and on hand		589,711		542,829
		1,021,934		854,271
Creditors amounts falling due within one year	5	(239,186)		(113,484)
Net current assets (liabilities)			782,748		740,787
Total assets less current liabilities			1,213,308		1,173,449
Net assets			1,213,308		1,173,449
Capital and reserves
Called up share capital			75		75
Profit and loss account			1,213,233		1,173,374
Shareholders' funds			1,213,308		1,173,449

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 10 September 2026, and are signed on its behalf by:

Mr N Hing
Director
Registered Company No. 02341023

Swift Metal Fabrications Limited

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25
	Vehicles	25

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2026		2025
	Average number of employees during the year	15		15

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Total
	£	£	£	£
Cost or valuation
At 01 April 25	416,753	80,529	115,139	612,421
Additions	-	7,041	-	7,041
Disposals	-	-	(23,204)	(23,204)
At 31 March 26	416,753	87,570	91,935	596,258
Depreciation and impairment
At 01 April 25	9,700	72,229	97,830	179,759
Charge for year	-	3,835	4,000	7,835
On disposals	-	-	(21,896)	(21,896)
At 31 March 26	9,700	76,064	79,934	165,698
Net book value
At 31 March 26	407,053	11,506	12,001	430,560
At 31 March 25	407,053	8,300	17,309	432,662

4.	Stocks

	2026	2025
	£	£
Work in progress	332,395	238,358
Other stocks	20,000	16,000
Total	352,395	254,358

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	185,655	88,396
Bank borrowings and overdrafts	1,165	113
Taxation and social security	48,736	22,742
Other creditors	740	833
Accrued liabilities and deferred income	2,890	1,400
Total	239,186	113,484


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.