1 December 2022 false No description of principal activity Taxfiler 2024.5 12294445business:PrivateLimitedCompanyLtd2022-12-012023-11-30 122944452022-11-30 122944452022-12-012023-11-30 12294445business:AuditExempt-NoAccountantsReport2022-12-012023-11-30 12294445business:FilletedAccounts2022-12-012023-11-30 122944452023-11-30 12294445business:Director12022-12-012023-11-30 12294445business:RegisteredOffice2022-12-012023-11-30 122944452022-11-30 12294445core:WithinOneYear2023-11-30 12294445core:WithinOneYear2022-11-30 12294445core:AfterOneYear2023-11-30 12294445core:AfterOneYear2022-11-30 12294445core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 12294445core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 12294445core:PreviouslyStatedAmount2023-11-30 12294445core:PreviouslyStatedAmount2022-11-30 12294445business:SmallEntities2022-12-012023-11-30 12294445countries:EnglandWales2022-12-012023-11-30 12294445core:PlantMachinery2022-11-30 12294445core:MotorVehicles2022-11-30 12294445core:PlantMachinery2022-12-012023-11-30 12294445core:MotorVehicles2022-12-012023-11-30 12294445core:PlantMachinery2023-11-30 12294445core:MotorVehicles2023-11-30 122944452021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 12294445 (England and Wales)
FAST DEVELOPMENTS LTD Unaudited accounts for the year ended 30 November 2023
FAST DEVELOPMENTS LTD Unaudited accounts Contents
Page
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FAST DEVELOPMENTS LTD Company Information for the year ended 30 November 2023
Director
Vasile Eduard Nita
Company Number
12294445 (England and Wales)
Registered Office
333 Edgware Road London -- Select a State -- NW9 6TD United Kingdom
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FAST DEVELOPMENTS LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
69,079 
33,370 
Current assets
Debtors
62,159 
23,470 
Cash at bank and in hand
38,797 
48,783 
100,956 
72,253 
Creditors: amounts falling due within one year
3,960 
(11,877)
Net current assets
104,916 
60,376 
Total assets less current liabilities
173,995 
93,746 
Creditors: amounts falling due after more than one year
(77,549)
(50,789)
Net assets
96,446 
42,957 
Capital and reserves
Profit and loss account
96,446 
42,957 
Shareholders' funds
96,446 
42,957 
For the year ending 30 November 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 20 August 2024 and were signed on its behalf by
Vasile Eduard Nita Director Company Registration No. 12294445
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FAST DEVELOPMENTS LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
FAST DEVELOPMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 12294445. The registered office is 333 Edgware Road, London, -- Select a State --, NW9 6TD, United Kingdom.
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:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
2,506 
31,900 
34,406 
Additions
19,525 
29,395 
48,920 
Disposals
(1,417)
- 
(1,417)
At 30 November 2023
20,614 
61,295 
81,909 
Depreciation
At 1 December 2022
1,036 
- 
1,036 
Charge for the year
4,981 
7,049 
12,030 
On disposals
(236)
- 
(236)
At 30 November 2023
5,781 
7,049 
12,830 
Net book value
At 30 November 2023
14,833 
54,246 
69,079 
At 30 November 2022
1,470 
31,900 
33,370 
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FAST DEVELOPMENTS LTD Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
6,098 
2,671 
Trade debtors
10,331 
5,223 
Other debtors
45,730 
15,576 
62,159 
23,470 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
(9,348)
6,351 
Taxes and social security
5,388 
2,190 
Loans from directors
- 
3,336 
(3,960)
11,877 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,750 
33,250 
Obligations under finance leases and hire purchase contracts
53,799 
17,539 
77,549 
50,789 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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