Swift Transfer Limited,Ltd - Accounts

Swift Transfer Limited,Ltd - Accounts

SWIFT MANAGEMENT AND CONSULTING SERVICES LIMITED - Company Information

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2013-01-01 true false Private Limited Company 05594064 2013-12-31 05594064 2013-01-01 2013-12-31 05594064 2012-12-31 05594064 2012-01-01 2012-12-31 05594064 uk-bus:Director1 2013-01-01 2013-12-31 05594064 uk-gaap:PlantMachinery 2013-01-01 2013-12-31 05594064 uk-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP
Swift Transfer Limited
For the year ended 31 December 2013
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05594064
2
Contents Page
Swift Transfer Limited
For the year ended 31 December 2013
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Swift Transfer Limited
Accountants' Report
For the year ended 31 December 2013
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the
accounts of Swift Transfer Limited for the year ended 31 December 2013 which comprise the Profit and Loss
Account, Statement of Recognised Gains and Losses, the Balance Sheet and the related notes from the company's
accounting records and from information and explanations you have given us.
As a practising firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other
professional requirements which are detailed at http://rulebook.accaglobal.com.
This report is made solely to the Board of Directors of Swift Transfer Limited, as a body, in accordance with the
terms of our engagement letter dated 13 September 2012. Our work has been undertaken solely to prepare for
your approval the accounts of Swift Transfer Limited and state those matters that we have agreed to state to the
Board of Directors of Swift Transfer Limited, as a body, in this report in accordance with the requirements of the
Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the
fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Swift Transfer
Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Swift Transfer Limited has kept adequate accounting records and to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and Loss of Swift Transfer Limited.
You consider that Swift Transfer Limited is exempt from the statutory audit requirement for the year.
Abtax
1b-2b Cobalt House
Centre Court
1 Sir Thomas Longley Road Rochester
Kent
ME2 4BQ
30 September 2014
Dated:
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4
Abbreviated Balance Sheet
Swift Transfer Limited
As at 31 December 2013
05594064
Registered Number :
£
£
2013
Notes
2012
Fixed assets
Tangible assets
2
507
1,621
507
1,621
Current assets
Cash at bank and in hand
-
14,626
-
14,626
Creditors: amounts falling due within one year
(18,983)
(6,142)
(4,357)
(6,142)
Net current liabilities
Total assets less current liabilities
(5,635)
(2,736)
Creditors: amounts falling due after more than one year
-
(235)
(5,870)
Net liabilities
(2,736)
Capital and reserves
Called up share capital
100
3
100
Profit and loss account
(5,970)
(2,836)
(5,870)
(2,736)
Shareholders funds
For the year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
2) The director acknowledges his 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.
Date approved by the board: 30 September 2014
Mr Christ Akinyomi Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
Swift Transfer Limited
For the year ended 31 December 2013
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Foreign currency
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange
ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the
transaction. All foreign exchange differences are included to the profit and loss account.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Straight line
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
23,133
At 01 January 2013
At 31 December 2013
23,133
Depreciation
21,512
At 01 January 2013
1,114
Charge for year
22,626
At 31 December 2013
Net book values
At 31 December 2013
507
1,621
At 31 December 2012
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6
Notes to the Abbreviated Financial Statements
Swift Transfer Limited
For the year ended 31 December 2013
3 Share capital
Authorised
100 Class A shares of £1.00 each
Allotted called up and fully paid
2013
2012
£
£
100 Class A shares of £1.00 each
100
100
100
100
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