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Company Registration No. 09388724 (England and Wales)
Speedy Feet Ltd Unaudited accounts for the year ended 31 December 2023
Speedy Feet Ltd Unaudited accounts Contents
Page
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Speedy Feet Ltd Company Information for the year ended 31 December 2023
Director
I R Sampson
Company Number
09388724 (England and Wales)
Registered Office
Drake House 1 Pavilion Business Park Speculation Road, Forest Vale Ind Est Cinderford GL14 2YD United Kingdom
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Speedy Feet Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,151 
26,123 
Current assets
Inventories
87,469 
185,000 
Debtors
51,349 
40,651 
Cash at bank and in hand
15,206 
(3,055)
154,024 
222,596 
Creditors: amounts falling due within one year
6,741 
(57,235)
Net current assets
160,765 
165,361 
Total assets less current liabilities
186,916 
191,484 
Creditors: amounts falling due after more than one year
(28,333)
(34,167)
Net assets
158,583 
157,317 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
158,581 
157,315 
Shareholders' funds
158,583 
157,317 
For the year ending 31 December 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 13 September 2024 and were signed on its behalf by
I R Sampson Director Company Registration No. 09388724
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Speedy Feet Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Speedy Feet Ltd is a private company, limited by shares, registered in England and Wales, registration number 09388724. The registered office is Drake House, 1 Pavilion Business Park, Speculation Road, Forest Vale Ind Est, Cinderford, GL14 2YD, 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:
Plant & machinery
20%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
50,443 
16,250 
1,401 
68,094 
Additions
6,566 
- 
- 
6,566 
At 31 December 2023
57,009 
16,250 
1,401 
74,660 
Depreciation
At 1 January 2023
25,217 
16,250 
504 
41,971 
Charge for the year
6,359 
- 
179 
6,538 
At 31 December 2023
31,576 
16,250 
683 
48,509 
Net book value
At 31 December 2023
25,433 
- 
718 
26,151 
At 31 December 2022
25,226 
- 
897 
26,123 
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Speedy Feet Ltd Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
(1,097)
933 
Other debtors
52,446 
39,718 
51,349 
40,651 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
5,683 
(5,178)
Trade creditors
5,518 
14,423 
Taxes and social security
27,593 
24,957 
Other creditors
6,197 
22,247 
Loans from directors
(51,732)
786 
(6,741)
57,235 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
28,333 
34,167 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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