2023-02-01 2024-01-31 false Capium Accounts Production 1.1 12413053 bus:AbridgedAccounts 2023-02-01 2024-01-31 12413053 bus:FRS102 2023-02-01 2024-01-31 12413053 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12413053 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12413053 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12413053 2023-02-01 2024-01-31 12413053 2024-01-31 12413053 bus:RegisteredOffice 2023-02-01 2024-01-31 12413053 core:WithinOneYear 2024-01-31 12413053 core:AfterOneYear 2024-01-31 12413053 bus:Director1 2023-02-01 2024-01-31 12413053 bus:Director1 2024-01-31 12413053 bus:Director1 2022-02-01 2023-01-31 12413053 2022-02-01 12413053 bus:LeadAgentIfApplicable 2023-02-01 2024-01-31 12413053 2022-02-01 2023-01-31 12413053 2023-01-31 12413053 core:WithinOneYear 2023-01-31 12413053 core:AfterOneYear 2023-01-31 12413053 bus:EntityAccountantsOrAuditors 2022-02-01 2023-01-31 12413053 core:FurnitureFittings 2023-02-01 2024-01-31 12413053 core:FurnitureFittings 2024-01-31 12413053 core:FurnitureFittings 2023-01-31 12413053 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-01-31 12413053 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-01-31 12413053 core:CostValuation core:Non-currentFinancialInstruments 2024-01-31 12413053 core:CostValuation core:Non-currentFinancialInstruments 2023-01-31 12413053 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-01-31 12413053 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-01-31 12413053 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-01-31 12413053 core:Non-currentFinancialInstruments 2024-01-31 12413053 core:Non-currentFinancialInstruments 2023-01-31 12413053 core:ShareCapital 2024-01-31 12413053 core:ShareCapital 2023-01-31 12413053 core:RetainedEarningsAccumulatedLosses 2024-01-31 12413053 core:RetainedEarningsAccumulatedLosses 2023-01-31 12413053 dpl:Item1 2023-02-01 12413053 dpl:Item1 2024-01-31 12413053 dpl:Item1 2022-02-01 12413053 dpl:Item1 2023-01-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 12413053
England and Wales

 

 

 

SPEED DROP GLOBAL LTD


Abridged Accounts
 


Period of accounts

Start date: 01 February 2023

End date: 31 January 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 34,992    38,880 
34,992    38,880 
Current assets      
Debtors 831,213    593,779 
Cash at bank and in hand 99,159    23,988 
930,372    617,767 
Creditors: amount falling due within one year (785,127)   (583,933)
Net current assets 145,245    33,834 
 
Total assets less current liabilities 180,237    72,714 
Net assets 180,237    72,714 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 180,236    72,713 
Shareholders' funds 180,237    72,714 
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 06 September 2024 and were signed by:


-------------------------------
SHAFI Ibrahim Mohammed
Director
1
General Information
SPEED DROP GLOBAL LTD is a private company, limited by shares, registered in England and Wales, registration number 12413053, registration address Unit 2 Quarry Street, Blackburn, BB1 5DE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures & Equipment 10%
2.

Average number of employees

Average number of employees during the year was 15 (2023 : 3).
3.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 February 2023 48,000    48,000 
Additions  
Disposals  
At 31 January 2024 48,000    48,000 
Depreciation
At 01 February 2023 9,120    9,120 
Charge for year 3,888    3,888 
On disposals  
At 31 January 2024 13,008    13,008 
Net book values
Closing balance as at 31 January 2024 34,992    34,992 
Opening balance as at 01 February 2023 38,880    38,880 


2