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
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
Speedo Logistics Limited
Statement of financial position
as at 31 March 2023
Tangible assets
39,678
26,441
Cash at bank and in hand
35,292
31,370
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)
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
Speedo Logistics Limited
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
At 31 March 2023
38,469
91
1,118
39,678
At 31 March 2022
25,078
-
1,363
26,441
Speedo Logistics Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
157,683
150,855
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,642
5,642
Trade creditors
33,590
5,223
Taxes and social security
8,211
3,152
Loans from directors
34,412
35,710
7
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Sahibzada Muhammad Haroon Iqbal
Loan from director
35,710
-
-
35,710
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).