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Company Registration No. 10707769 (England and Wales)
Speeding Sound Ltd Unaudited accounts for the year ended 30 April 2023
Speeding Sound Ltd Unaudited accounts Contents
Page
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Speeding Sound Ltd Company Information for the year ended 30 April 2023
Director
Stephen Lee
Company Number
10707769 (England and Wales)
Registered Office
25 Church Walk London SW16 5JH
Accountants
Omar Ahmed (ACA) Aqua Accounting Ltd 5 Whittington Grove Newcastle upon Tyne NE5 2QP
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Speeding Sound Ltd Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,424 
8,275 
Current assets
Debtors
545 
- 
Cash at bank and in hand
19,122 
15,333 
19,667 
15,333 
Creditors: amounts falling due within one year
(8,603)
(10,042)
Net current assets
11,064 
5,291 
Net assets
18,488 
13,566 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
18,487 
13,565 
Shareholders' funds
18,488 
13,566 
For the year ending 30 April 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 26 September 2023 and were signed on its behalf by
Stephen Lee Director Company Registration No. 10707769
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Speeding Sound Ltd Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Speeding Sound Ltd is a private company, limited by shares, registered in England and Wales, registration number 10707769. The registered office is 25 Church Walk, London, SW16 5JH.
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 on reducing balance method
Plant & machinery
25%
Motor vehicles
25%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2022
613 
15,400 
16,013 
Additions
1,007 
- 
1,007 
At 30 April 2023
1,620 
15,400 
17,020 
Depreciation
At 1 May 2022
222 
7,516 
7,738 
Charge for the year
281 
1,577 
1,858 
At 30 April 2023
503 
9,093 
9,596 
Net book value
At 30 April 2023
1,117 
6,307 
7,424 
At 30 April 2022
391 
7,884 
8,275 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
545 
- 
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Speeding Sound Ltd Notes to the Accounts for the year ended 30 April 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
157 
938 
Taxes and social security
8,326 
8,380 
Loans from directors
120 
724 
8,603 
10,042 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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