Company Registration No. 03741789 (England and Wales)
Swift Catering Equipment Limited
Unaudited accounts
for the year ended 31 March 2023
Swift Catering Equipment Limited
Unaudited accounts
Contents
Swift Catering Equipment Limited
Company Information
for the year ended 31 March 2023
Directors
William Westwood Munro
Ashley James Munro
Company Number
03741789 (England and Wales)
Registered Office
10 BRAISWICK PLACE
LAINDON NORTH INDUSTRIAL ESTATE
BASILDON
ESSEX
SS15 6EB
Accountants
LowTax Limited
39A High Street
Billericay
Essex
CM12 9BA
Swift Catering Equipment Limited
Statement of financial position
as at 31 March 2023
Tangible assets
79,017
20,071
Inventories
112,483
112,483
Cash at bank and in hand
246,265
(1,355)
Creditors: amounts falling due within one year
(225,782)
(219,829)
Net current assets
226,344
127,021
Total assets less current liabilities
305,361
147,092
Provisions for liabilities
Deferred tax
(17,381)
(3,814)
Net assets
287,980
143,278
Called up share capital
504
504
Profit and loss account
282,976
138,274
Shareholders' funds
287,980
143,278
For the year ending 31 March 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 July 2023 and were signed on its behalf by
William Westwood Munro
Director
Company Registration No. 03741789
Swift Catering Equipment Limited
Notes to the Accounts
for the year ended 31 March 2023
Swift Catering Equipment Limited is a private company, limited by shares, registered in England and Wales, registration number 03741789. The registered office is 10 BRAISWICK PLACE, LAINDON NORTH INDUSTRIAL ESTATE, BASILDON, ESSEX, SS15 6EB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
25% Straight line
Fixtures & fittings
15% Reducing balance and 20% Straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. This is amortised to profit and loss account over its estimated economic life of 20 years.
Other intangibe assets are Computer software costs. It is depreciated as follows:
Software - 25% Straight line
Swift Catering Equipment Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill
Goodwill is measured at cost less accumulative amortisation and any accumulative impairment losses. This is amortised to profit and loss account over its estimated economic life of 20 years.
Other intangibe assets are Computer software costs. It is depreciated as follows:
Software - 25% Straight line
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
104,911
73,799
90,262
268,972
Additions
34,499
43,140
2,825
80,464
At 31 March 2023
139,410
116,939
93,087
349,436
At 1 April 2022
97,228
73,799
77,874
248,901
Charge for the year
8,437
10,785
2,296
21,518
At 31 March 2023
105,665
84,584
80,170
270,419
At 31 March 2023
33,745
32,355
12,917
79,017
At 31 March 2022
7,683
-
12,388
20,071
Amounts falling due within one year
Trade debtors
87,421
231,133
Accrued income and prepayments
5,957
4,589
Swift Catering Equipment Limited
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
94,793
184,489
Taxes and social security
52,634
9,335
8
Average number of employees
During the year the average number of employees was 17 (2022: 17).