Notes to the financial statements
For the period ended 31 December 2022
Speed Lace Limited is a private company limited by shares and incorporated in England and Wales. Its registered office address is C/O Buzzacott LLP, 130 Wood Street, London, United Kingdom, EC2V 6DL and its registered number is 14048174.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.
The following principal accounting policies have been applied:
The company was dormant (within the meaning of Section 480 of the companies Act 2006) throughout the
period ending 31 December 2022. The company has not traded during the period. During the period, the
company received no income and incurred no expenditure and therefore made neither profit nor loss.
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
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