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Company Registration No. 04918023 (England and Wales)
SPEED 9761 LIMITED Unaudited accounts for the year ended 31 October 2023
SPEED 9761 LIMITED Unaudited accounts Contents
Page
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SPEED 9761 LIMITED Company Information for the year ended 31 October 2023
Director
Rob Askew
Secretary
Davina Askew
Company Number
04918023 (England and Wales)
Registered Office
Lane Lodge Sandham Lane Ripley Derbyshire DE5 3NS
Accountants
Nigel Plant 17 Chancery Close Ripley Derbyshire DE5 3UT
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SPEED 9761 LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,425 
4,566 
Current assets
Inventories
- 
2,603 
Debtors
53,128 
56,447 
Cash at bank and in hand
15,772 
404 
68,900 
59,454 
Creditors: amounts falling due within one year
(31,211)
(23,068)
Net current assets
37,689 
36,386 
Total assets less current liabilities
41,114 
40,952 
Creditors: amounts falling due after more than one year
(21,147)
(25,827)
Net assets
19,967 
15,125 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
19,966 
15,124 
Shareholders' funds
19,967 
15,125 
For the year ending 31 October 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 28 February 2024 and were signed on its behalf by
Rob Askew Director Company Registration No. 04918023
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SPEED 9761 LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
SPEED 9761 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04918023. The registered office is Lane Lodge, Sandham Lane, Ripley, Derbyshire, DE5 3NS.
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:
Land & buildings
10% Straight Line
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2022
68,940 
7,300 
17,500 
60,620 
154,360 
At 31 October 2023
68,940 
7,300 
17,500 
60,620 
154,360 
Depreciation
At 1 November 2022
68,940 
3,482 
17,500 
59,872 
149,794 
Charge for the year
- 
954 
- 
187 
1,141 
At 31 October 2023
68,940 
4,436 
17,500 
60,059 
150,935 
Net book value
At 31 October 2023
- 
2,864 
- 
561 
3,425 
At 31 October 2022
- 
3,818 
- 
748 
4,566 
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SPEED 9761 LIMITED Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
128 
- 
Trade debtors
- 
2,447 
128 
2,447 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
53,000 
54,000 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
- 
1,397 
Trade creditors
- 
5,924 
Taxes and social security
3,403 
(3,714)
Loans from directors
14,558 
8,666 
Accruals
3,250 
795 
31,211 
23,068 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
21,147 
25,827 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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