REGISTERED NUMBER: 09950233 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

SWIFT COMMUNICATIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D E Armstrong

J W Mack

SECRETARY:

J W Mack

REGISTERED OFFICE:

6 Tesla Court

Innovation Way

Lynch Wood

Peterborough

Cambridgeshire

PE2 6FL

REGISTERED NUMBER:

09950233 (England and Wales)

ACCOUNTANTS:

Vertiqo Peterborough Limited

18 Tesla Court

Innovation Way

Lynch Wood

Peterborough

Cambridgeshire

PE2 6FL

FIXED ASSETS

Intangible assets

4

7,439

9,397

Tangible assets

5

113,680

84,531

Investments

6

12,205

12,205

133,324

106,133

CURRENT ASSETS

Stocks

6,920

6,683

Debtors

7

190,070

84,312

Cash at bank

82,026

134,443

279,016

225,438

CREDITORS

Amounts falling due within one year

8

185,390

159,023

NET CURRENT ASSETS

93,626

66,415

TOTAL ASSETS LESS CURRENT LIABILITIES

226,950

172,548

CREDITORS

Amounts falling due after more than one year

9

(140,466

)

(144,633

)

PROVISIONS FOR LIABILITIES

(19,767

)

-

NET ASSETS

66,717

27,915

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

66,617

27,815

SHAREHOLDERS' FUNDS

66,717

27,915

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2026 and were signed on its behalf by:

J W Mack - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of the exemption available under FRS 102 Section 33.1A not to disclose transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

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 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

15% on reducing balance, 15% on cost and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive 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.

Leased assets

A lease is classified as a finance lease if it transfers substantially all the risks and rewards

incidental to ownership. All other leases are classified as operating leases.

The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method.

The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Leased assets are depreciated in accordance with the company's policy for tangible fixed assets.

If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life.

Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Pension costs and other post-retirement benefits

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2025 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2025

and 31 January 2026

23,500

AMORTISATION

At 1 February 2025

14,103

Charge for year

1,958

At 31 January 2026

16,061

NET BOOK VALUE

At 31 January 2026

7,439

At 31 January 2025

9,397

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

139,603

Additions

57,077

Disposals

(23,019

)

At 31 January 2026

173,661

DEPRECIATION

At 1 February 2025

55,072

Charge for year

13,792

Eliminated on disposal

(8,883

)

At 31 January 2026

59,981

NET BOOK VALUE

At 31 January 2026

113,680

At 31 January 2025

84,531

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 February 2025

19,190

Disposals

(19,190

)

At 31 January 2026

-

DEPRECIATION

At 1 February 2025

7,405

Eliminated on disposal

(7,405

)

At 31 January 2026

-

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

11,785

6.	FIXED ASSET INVESTMENTS

2026

2025

£

£

Other investments not loans

12,205

12,205

Additional information is as follows:

Other

investments

£

COST

At 1 February 2025

and 31 January 2026

2,200

NET BOOK VALUE

At 31 January 2026

2,200

At 31 January 2025

2,200

Investments (neither listed nor unlisted) were as follows:

2026

2025

£

£

Investments

10,005

10,005

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

39,828

21,978

Other debtors

150,242

62,334

190,070

84,312

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

4,156

10,000

Hire purchase contracts

-

9,159

Trade creditors

60,721

59,586

Taxation and social security

70,638

49,005

Other creditors

49,875

31,273

185,390

159,023

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

4,167

Other creditors

140,466

140,466

140,466

144,633

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

-

9,159

The obligation under HP agreements are secured by the underlying assets to which the liability relates.

11.	OTHER FINANCIAL COMMITMENTS

Total future minimum payments under non-cancellable operating leases are £93,509 (2025: £24,077)

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mack Investment Ventures Limited.