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Company Registration No. 08903045 (England and Wales)
Speedo Logistics Limited Annual report and unaudited Accounts for the year ended 31 March 2023
Speedo Logistics Limited Annual report and unaudited Accounts Contents
Page
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Speedo Logistics Limited Company Information for the year ended 31 March 2023
Director
Sahibzada Muhammad Haroon Iqbal
Company Number
08903045 (England and Wales)
Registered Office
FLAT 5 4 LARCH GARDENS MANCHESTER ENGLAND M8 8BJ ENGLAND
Accountants
AQ Accountants 133 West Hendon Broadway London NW9 7DY
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Speedo Logistics Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
39,678 
26,441 
Current assets
Debtors
163,267 
152,201 
Cash at bank and in hand
35,292 
31,370 
198,559 
183,571 
Creditors: amounts falling due within one year
(211,840)
(118,121)
Net current (liabilities)/assets
(13,281)
65,450 
Total assets less current liabilities
26,397 
91,891 
Creditors: amounts falling due after more than one year
(20,684)
(27,766)
Net assets
5,713 
64,125 
Capital and reserves
Called up share capital
200 
200 
Share premium
60,000 
60,000 
Profit and loss account
(54,487)
3,925 
Shareholders' funds
5,713 
64,125 
For the year ending 31 March 2023 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 1 June 2023 and were signed on its behalf by
Sahibzada Muhammad Haroon Iqbal Director Company Registration No. 08903045
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Speedo Logistics Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Speedo Logistics Limited is a private company, limited by shares, registered in England and Wales, registration number 08903045. The registered office is FLAT 5, 4 LARCH GARDENS, MANCHESTER, ENGLAND, M8 8BJ, ENGLAND.
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:
Motor vehicles
6%-18%
Fixtures & fittings
18%
Computer equipment
18%
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
33,750 
- 
1,662 
35,412 
Additions
16,400 
111 
- 
16,511 
At 31 March 2023
50,150 
111 
1,662 
51,923 
Depreciation
At 1 April 2022
8,672 
- 
299 
8,971 
Charge for the year
3,009 
20 
245 
3,274 
At 31 March 2023
11,681 
20 
544 
12,245 
Net book value
At 31 March 2023
38,469 
91 
1,118 
39,678 
At 31 March 2022
25,078 
- 
1,363 
26,441 
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Speedo Logistics Limited Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
157,683 
150,855 
Other debtors
5,584 
1,346 
163,267 
152,201 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,642 
5,642 
VAT
107,144 
61,693 
Trade creditors
33,590 
5,223 
Taxes and social security
8,211 
3,152 
Loans from directors
34,412 
35,710 
Accruals
22,841 
6,701 
211,840 
118,121 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,684 
27,766 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Sahibzada Muhammad Haroon Iqbal
Loan from director
35,710 
- 
- 
35,710 
35,710 
- 
- 
35,710 
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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