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Company Registration No. 11804233 (England and Wales)
SPEEDEE LTD Unaudited accounts for the period from 1 March 2023 to 28 February 2024
SPEEDEE LTD Unaudited accounts Contents
Page
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SPEEDEE LTD Company Information for the period from 1 March 2023 to 28 February 2024
Director
Yiming Wang
Company Number
11804233 (England and Wales)
Registered Office
UNIT 1 LABTEC STREET SWINTON MANCHESTER M27 8SE ENGLAND
Accountants
Lams Accountants 20 Burton Road Didsbury Manchester Greater Manchester M20 3ED
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SPEEDEE LTD Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
329 
526 
Current assets
Debtors
23,746 
14,853 
Cash at bank and in hand
8,832 
15,240 
32,578 
30,093 
Creditors: amounts falling due within one year
(12,432)
(26,626)
Net current assets
20,146 
3,467 
Net assets
20,475 
3,993 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
20,474 
3,992 
Shareholders' funds
20,475 
3,993 
For the period ending 28 February 2024 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 29 July 2024 and were signed on its behalf by
Yiming Wang Director Company Registration No. 11804233
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SPEEDEE LTD Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
SPEEDEE LTD is a private company, limited by shares, registered in England and Wales, registration number 11804233. The registered office is UNIT 1 LABTEC STREET, SWINTON, MANCHESTER, M27 8SE, 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 period, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Computer equipment
20% Reducing Balance Method
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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SPEEDEE LTD Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2023
1,292 
At 28 February 2024
1,292 
Depreciation
At 1 March 2023
766 
Charge for the period
197 
At 28 February 2024
963 
Net book value
At 28 February 2024
329 
At 28 February 2023
526 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
23,649 
14,853 
Other debtors
97 
- 
23,746 
14,853 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
4,114 
21,439 
Taxes and social security
3,187 
5,500 
Proposed dividends
1,000 
- 
Other creditors
4,028 
- 
Loans from directors
- 
(313)
Accruals
103 
- 
12,432 
26,626 
7
Average number of employees
During the period the average number of employees was 2 (2023: 2).
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