Abbreviated Company Accounts - SWIFT INSOLVENCY SOLUTIONS LTD

SWIFT INSOLVENCY SOLUTIONS LTD - Company Information

Registered Number 09779576

SWIFT INSOLVENCY SOLUTIONS LTD

Abbreviated Accounts

30 September 2016

SWIFT INSOLVENCY SOLUTIONS LTD Registered Number 09779576

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016
		£
Called up share capital not paid		-
Fixed assets
Intangible assets		-
Tangible assets	2	100,324
Investments		-
		100,324
Current assets
Stocks		-
Debtors		3,000
Investments		-
Cash at bank and in hand		247,611
		250,611
Prepayments and accrued income		-
Creditors: amounts falling due within one year		(374,076)
Net current assets (liabilities)		(123,465)
Total assets less current liabilities		(23,141)
Creditors: amounts falling due after more than one year		0
Provisions for liabilities		0
Accruals and deferred income		0
Total net assets (liabilities)		(23,141)
Capital and reserves
Called up share capital		1
Share premium account		0
Revaluation reserve		0
Other reserves		0
Profit and loss account		(23,142)
Shareholders' funds		(23,141)

For the year ending 30 September 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 June 2017

And signed on their behalf by:
Robert Harrison, Director

SWIFT INSOLVENCY SOLUTIONS LTD Registered Number 09779576

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with
FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as
applied to small entities by section 1A of the standard).

Tangible assets depreciation policy
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative
impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land,
at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its
expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, and equipment over 4 years

2Tangible fixed assets

	£
Cost
Additions	126,242
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2016	126,242
Depreciation
Charge for the year	25,918
On disposals	-
At 30 September 2016	25,918
Net book values
At 30 September 2016	100,324