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
SPEED 9761 LIMITED
Company Information
for the year ended 31 October 2023
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
SPEED 9761 LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
3,425
4,566
Cash at bank and in hand
15,772
404
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)
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
SPEED 9761 LIMITED
Notes to the Accounts
for the year ended 31 October 2023
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.
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:
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
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
At 31 October 2023
-
2,864
-
561
3,425
At 31 October 2022
-
3,818
-
748
4,566
SPEED 9761 LIMITED
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
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
Taxes and social security
3,403
(3,714)
Loans from directors
14,558
8,666
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).