SPEED OCTANE UK LTD

Company Registration Number:
13021660 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

SPEED OCTANE UK LTD

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

SPEED OCTANE UK LTD

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 438,539 438,539
Tangible assets: 4 45,324 54,463
Total fixed assets: 483,863 493,002
Current assets
Stocks: 21,750 20,500
Debtors:   72,321 96,239
Cash at bank and in hand: 144,114 130,502
Total current assets: 238,185 247,241
Creditors: amounts falling due within one year: 5 (229,700) (217,348)
Net current assets (liabilities): 8,485 29,893
Total assets less current liabilities: 492,348 522,895
Creditors: amounts falling due after more than one year: 6 (351,308) (452,879)
Total net assets (liabilities): 141,040 70,016
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 141,038 70,014
Shareholders funds: 141,040 70,016

The notes form part of these financial statements

SPEED OCTANE UK LTD

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 August 2024
and signed on behalf of the board by:

Name: Thanalingam Iyinkaran
Status: Director

The notes form part of these financial statements

SPEED OCTANE UK LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SPEED OCTANE UK LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 2 1

SPEED OCTANE UK LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Intangible Assets

Total
Cost £
At 01 December 2022 438,539
At 30 November 2023 438,539
Net book value
At 30 November 2023 438,539
At 30 November 2022 438,539

SPEED OCTANE UK LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Tangible Assets

Total
Cost £
At 01 December 2022 67,989
At 30 November 2023 67,989
Depreciation
At 01 December 2022 13,526
Charge for year 9,139
At 30 November 2023 22,665
Net book value
At 30 November 2023 45,324
At 30 November 2022 54,463

SPEED OCTANE UK LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

UK corporation tax 18,994 VAT 14,799 PAYE control 289 Salaries and wages control 1,356 Trade creditors 180,762 Other creditors 13,500

SPEED OCTANE UK LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

6. Creditors: amounts falling due after more than one year note

Bank loans (secured) >1yr 157,250 Director Loan Account > 1yr 194,058