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Company Registration No. 12364855 (England and Wales)
Speed & Rescue Ltd Unaudited Financial Statements for the year ended 31 March 2022
Speed & Rescue Ltd Unaudited Financial Statements Contents
Page
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Speed & Rescue Ltd Company Information for the year ended 31 March 2022
Director
Sadja Goudiaby
Company Number
12364855 (England and Wales)
Registered Office
12 Pincott Place London SE4 2ER
Accountants
Alex & Co 46A Fairlawn Park Sydenham London SE26 5RY
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Speed & Rescue Ltd for the year ended 31 March 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Speed & Rescue Ltd for the year ended 31 March 2022 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Speed & Rescue Ltd, as a body, in accordance with the terms of our engagement letter dated 29 March 2021. Our work has been undertaken solely to prepare for your approval the accounts of Speed & Rescue Ltd and state those matters that we have agreed to state to the Board of Directors of Speed & Rescue Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Speed & Rescue Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Speed & Rescue Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Speed & Rescue Ltd. You consider that Speed & Rescue Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Speed & Rescue Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Alex & Co Chartered Certified Accountants 46A Fairlawn Park Sydenham London SE26 5RY 3 September 2022
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Speed & Rescue Ltd Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Current assets
Debtors
79,350 
34,250 
Cash at bank and in hand
711 
185 
80,061 
34,435 
Creditors: amounts falling due within one year
(57,348)
(13,366)
Net current assets
22,713 
21,069 
Total assets less current liabilities
22,713 
21,069 
Creditors: amounts falling due after more than one year
(17,433)
(20,000)
Net assets
5,280 
1,069 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
5,180 
969 
Shareholders' funds
5,280 
1,069 
For the year ending 31 March 2022 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 3 September 2022 and were signed on its behalf by
Sadja Goudiaby Director Company Registration No. 12364855
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Speed & Rescue Ltd Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
Speed & Rescue Ltd is a private company, limited by shares, registered in England and Wales, registration number 12364855. The registered office is 12 Pincott Place, London, SE4 2ER.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
7,384 
624 
Other debtors
71,966 
33,626 
79,350 
34,250 
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
1,935 
500 
Taxes and social security
53,413 
12,366 
Accruals
2,000 
500 
57,348 
13,366 
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Speed & Rescue Ltd Notes to the Accounts for the year ended 31 March 2022
6
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
17,433 
20,000 
7
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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