1 December 2020 false No description of principal activity Taxfiler 2022.8.3 12294445business:PrivateLimitedCompanyLtd2020-12-012021-11-30 122944452020-11-30 122944452020-12-012021-11-30 12294445business:AuditExempt-NoAccountantsReport2020-12-012021-11-30 12294445business:FullAccounts2020-12-012021-11-30 122944452021-11-30 12294445business:Director12020-12-012021-11-30 12294445business:RegisteredOffice2020-12-012021-11-30 122944452020-11-30 12294445core:WithinOneYear2021-11-30 12294445core:WithinOneYear2020-11-30 12294445core:AfterOneYear2021-11-30 12294445core:AfterOneYear2020-11-30 12294445core:RetainedEarningsAccumulatedLosses2021-11-30 12294445core:RetainedEarningsAccumulatedLosses2020-11-30 12294445business:SmallEntities2020-12-012021-11-30 12294445countries:EnglandWales2020-12-012021-11-30 12294445core:PlantMachinery2020-11-30 12294445core:MotorVehicles2020-11-30 12294445core:PlantMachinery2020-12-012021-11-30 12294445core:MotorVehicles2020-12-012021-11-30 12294445core:PlantMachinery2021-11-30 12294445core:MotorVehicles2021-11-30 122944452019-11-012020-11-30 iso4217:GBP xbrli:pure
Company Registration No. 12294445 (England and Wales)
FAST DEVELOPMENTS LTD Unaudited accounts for the year ended 30 November 2021
FAST DEVELOPMENTS LTD Unaudited accounts Contents
Page
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FAST DEVELOPMENTS LTD Company Information for the year ended 30 November 2021
Director
Vasile Eduard Nita
Company Number
12294445 (England and Wales)
Registered Office
39 Cricklewood Broadway London NW2 3JX
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FAST DEVELOPMENTS LTD Statement of financial position as at 30 November 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,281 
11,084 
Current assets
Debtors
(921)
2,211 
Cash at bank and in hand
38,410 
45,773 
37,489 
47,984 
Creditors: amounts falling due within one year
- 
(1,873)
Net current assets
37,489 
46,111 
Total assets less current liabilities
49,770 
57,195 
Creditors: amounts falling due after more than one year
(42,180)
(56,781)
Net assets
7,590 
414 
Capital and reserves
Profit and loss account
7,590 
414 
Shareholders' funds
7,590 
414 
For the year ending 30 November 2021 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 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 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 and authorised for issue on 14 May 2022 and were signed on its behalf by
Vasile Eduard Nita Director Company Registration No. 12294445
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FAST DEVELOPMENTS LTD Notes to the Accounts for the year ended 30 November 2021
1
Statutory information
FAST DEVELOPMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 12294445. The registered office is 39 Cricklewood Broadway, London, NW2 3JX.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2020
749 
11,629 
12,378 
Additions
340 
- 
340 
At 30 November 2021
1,089 
11,629 
12,718 
Depreciation
At 1 December 2020
83 
1,211 
1,294 
Charge for the year
354 
- 
354 
Surplus on revaluation
- 
(1,211)
(1,211)
At 30 November 2021
437 
- 
437 
Net book value
At 30 November 2021
652 
11,629 
12,281 
At 30 November 2020
666 
10,418 
11,084 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
(921)
1,893 
Other debtors
- 
318 
(921)
2,211 
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FAST DEVELOPMENTS LTD Notes to the Accounts for the year ended 30 November 2021
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
- 
89 
Trade creditors
- 
233 
Loans from directors
- 
1,551 
- 
1,873 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
42,180 
47,500 
Obligations under finance leases and hire purchase contracts
- 
9,281 
42,180 
56,781 
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).
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