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Company Registration No. 13239551 (England and Wales)
VELOCITY SAFETY LTD Unaudited accounts for the year ended 31 March 2023
VELOCITY SAFETY LTD Unaudited accounts Contents
Page
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VELOCITY SAFETY LTD Company Information for the year ended 31 March 2023
Director
R Ciraolo
Company Number
13239551 (England and Wales)
Registered Office
15 Ernlouen Close Blackburn Lancashire BB2 5BS England
Accountants
JJL Accountants Limited 97 Ribchester Road Clayton le Dale Blackburn Lancashire BB1 9HT
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VELOCITY SAFETY LTD Statement of financial position as at 31 March 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
43,383 
Current assets
Debtors
10,493 
Cash at bank and in hand
5,898 
16,391 
Creditors: amounts falling due within one year
(88,657)
Net current liabilities
(72,266)
Net liabilities
(28,883)
Capital and reserves
Profit and loss account
(28,883)
Shareholders' funds
(28,883)
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 31 January 2024 and were signed on its behalf by
R Ciraolo Director Company Registration No. 13239551
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VELOCITY SAFETY LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
VELOCITY SAFETY LTD is a private company, limited by shares, registered in England and Wales, registration number 13239551. The registered office is 15 Ernlouen Close, Blackburn, Lancashire, BB2 5BS, 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:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
- 
- 
- 
- 
Additions
9,238 
29,667 
4,478 
43,383 
At 31 March 2023
9,238 
29,667 
4,478 
43,383 
Depreciation
At 31 March 2023
- 
- 
- 
- 
Net book value
At 31 March 2023
9,238 
29,667 
4,478 
43,383 
5
Debtors
2023 
£ 
Amounts falling due after more than one year
Trade debtors
10,493 
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VELOCITY SAFETY LTD Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
£ 
VAT
(4,188)
Trade creditors
4,845 
Loans from directors
88,000 
88,657 
7
Average number of employees
During the year the average number of employees was 2.
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