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SWIFT 1012 LTD
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FILLETED FINANCIAL STATEMENTS
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YEAR ENDED 31 DECEMBER 2018
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Company Registration Number - 495810 |
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G R STENTON & CO |
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Accountants |
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1. |
SWIFT 1012 LTD
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COMPANY NUMBER - 495810
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Balance sheet as at
31 December 2018
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FIXED ASSETS
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Tangible assets |
4 |
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20,766
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21,679
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Investments-Joint Property |
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Syndicates |
5 |
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75,434 |
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75,434 |
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96,200
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97,113
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Current assets
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Cash at bank and in hand |
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6,369
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4,465
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6,369
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4,465
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Current liabilities
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Creditors - Amounts
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falling due within one year |
6 |
6,345
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6,645
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NET CURRENT ASSETS (LIABILITIES)
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24
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(
2,180)
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Total assets less current liabilities
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96,224
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94,933
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Provisions for liabilities
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Deferred taxation |
7 |
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412 |
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271 |
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Net assets
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96,636
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95,204
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2. |
SWIFT 1012 LTD
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COMPANY NUMBER - 495810
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Balance sheet as at
31 December 2018
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2018 |
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2017 |
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---- |
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---- |
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Notes |
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£ |
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£ |
CAPITAL AND RESERVES
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Called up share capital |
8 |
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300
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300
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Other reserves |
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(
830)
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(
830)
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Profit and Loss account |
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97,166 |
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95,734 |
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Shareholders' funds
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96,636
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95,204
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These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies. In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.
For the financial year ended 31 December 2018, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.
The members have not required the company to obtain an audit.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
Approved by the board of directors on
15 August 2019
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and signed on their behalf by: |
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P. WILKINSON
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The notes on pages 3 to 5 form an integral part of these accounts.
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3. |
SWIFT 1012 LTD
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Notes to the Financial Statements
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For the year ended 31 December 2018
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1.
General Information
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SWIFT 1012 LTD is a Private Company, limited by shares, domiciled in England and Wales, registration number 495810.
The company's registered office is 4 SUNNISIDE LEIGH, CLEADON VILLAGE, SUNDERLAND, SR6 7XH.
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2.
Accounting policies
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Basis of accounting
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The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.
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Tangible fixed assets and depreciation
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Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:
Plant and machinery - 15% reducing balance
Fixtures and fittings - 15% reducing balance
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 items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The average number of persons employed by the company (including directors) during the year was 2 (2017 - ).
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4. |
SWIFT 1012 LTD
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Notes to the Financial Statements
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For the year ended 31 December 2018
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4.
Fixed assets - tangible
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Plant and |
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Land and |
Machinery |
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Buildings |
etc. |
Total |
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Fair value
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£
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£
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£
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At 01 January 2018 |
39,692 |
12,084 |
51,776 |
and 31 December 2018 |
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Depreciation
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At 01 January 2018 |
21,643 |
8,454 |
30,097 |
Charge for year |
369 |
544 |
913 |
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At 31 December 2018 |
22,012 |
8,998 |
31,010 |
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Net book values
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At 31 December 2018 |
17,680 |
3,086 |
20,766
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At 01 January 2018 |
18,049 |
3,630 |
21,679 |
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5.
Investments in joint syndicates
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Investment at 01 January 2018 |
75,434 |
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75,434 |
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75,434 |
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6.
Creditors
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Amounts falling due within one year: |
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Bank overdraft |
-
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2,243
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Taxation and social security |
1,925
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-
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Director's Current Accounts |
3,574
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3,574
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Other creditors |
846
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828
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6,345 |
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6,645 |
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5. |
SWIFT 1012 LTD
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Notes to the Financial Statements
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For the year ended 31 December 2018
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7.
Deferred taxation
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At 01 January 2018 |
(271) |
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(271) |
Credited to profit and loss account |
(141) |
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(32) |
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At 31 December 2018 |
412 |
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303 |
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8.
Called up share capital
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There was no change in share capital during the year.
Allotted, called up and fully paid |
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shares of £1 each
Ordinary
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300 |
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300 |
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