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REGISTERED NUMBER: 09641263 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 28 JUNE 2022 TO 30 JUNE 2023

FOR

SPEEDSHIFT LOGISTICS LTD

SPEEDSHIFT LOGISTICS LTD (REGISTERED NUMBER: 09641263)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 28 JUNE 2022 TO 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPEEDSHIFT LOGISTICS LTD

COMPANY INFORMATION
FOR THE PERIOD 28 JUNE 2022 TO 30 JUNE 2023







DIRECTORS: V G Jones
J Husband FCA





REGISTERED OFFICE: P O Box 676
Swansea
SA1 9NQ





REGISTERED NUMBER: 09641263 (England and Wales)





ACCOUNTANTS: John F. Harvey
Dynevor House
5-6 De La Beche Street
Swansea
SA1 3HA

SPEEDSHIFT LOGISTICS LTD (REGISTERED NUMBER: 09641263)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,352 8,583

CURRENT ASSETS
Debtors 5 188,982 201,358
Cash at bank and in hand 9,996 7,408
198,978 208,766
CREDITORS
Amounts falling due within one year 6 (534,493 ) (437,200 )
NET CURRENT LIABILITIES (335,515 ) (228,434 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(334,163

)

(219,851

)

CREDITORS
Amounts falling due after more than one
year

7

(32,225

)

(36,667

)
NET LIABILITIES (366,388 ) (256,518 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (366,390 ) (256,520 )
SHAREHOLDERS' FUNDS (366,388 ) (256,518 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SPEEDSHIFT LOGISTICS LTD (REGISTERED NUMBER: 09641263)

BALANCE SHEET - continued
30 JUNE 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2024 and were signed on its behalf by:





V G Jones - Director


SPEEDSHIFT LOGISTICS LTD (REGISTERED NUMBER: 09641263)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 28 JUNE 2022 TO 30 JUNE 2023

1. STATUTORY INFORMATION

Speedshift Logistics Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 33% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
Pension costs relate to the employer's element of pension obligations due under auto enrolment and are charged to the profit and loss account in the period to which they relate.

Going concern
This is considered appropriate since the loss for the year reduced and interim management accounts show the company is trading profitably subsequently.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 (2022 - 12 ) .

SPEEDSHIFT LOGISTICS LTD (REGISTERED NUMBER: 09641263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 28 JUNE 2022 TO 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 28 June 2022
and 30 June 2023 895 3,992 28,770 33,657
DEPRECIATION
At 28 June 2022 139 3,222 21,713 25,074
Charge for period 90 301 6,840 7,231
At 30 June 2023 229 3,523 28,553 32,305
NET BOOK VALUE
At 30 June 2023 666 469 217 1,352
At 27 June 2022 756 770 7,057 8,583

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 38,618 36,528
Other debtors 3,688 -
S455 debtor 21,762 21,762
Directors' current accounts 121,126 106,023
VAT - 4,635
Prepayments 3,788 32,410
188,982 201,358

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans 80,002 -
Trade creditors 394,248 381,942
Social security and other taxes 2,329 2,494
Pension creditor 634 517
VAT 9,314 -
Other creditors 27,629 -
Accruals 10,337 6,142
Deferred grants - 36,105
534,493 437,200

SPEEDSHIFT LOGISTICS LTD (REGISTERED NUMBER: 09641263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 28 JUNE 2022 TO 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-5 years 32,225 36,667

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 June 2023 and the year ended 27 June 2022:

2023 2022
£    £   
V G Jones
Balance outstanding at start of period 98,646 -
Amounts advanced 22,480 98,646
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 121,126 98,646

J Husband FCA
Balance outstanding at start of period 7,377 7,377
Amounts repaid (7,377 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 7,377