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Company Registration No. SC647100 (Scotland)
Speeds360 Ltd Unaudited accounts for the year ended 30 November 2023
Speeds360 Ltd Unaudited accounts Contents
Page
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Speeds360 Ltd Company Information for the year ended 30 November 2023
Director
Raycho Stefanov DZHAMBAZKI
Company Number
SC647100 (Scotland)
Registered Office
10 Miln Street Dundee Angus DD1 5BZ Scotland
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Speeds360 Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
59,679 
72,000 
Current assets
Cash at bank and in hand
1,631 
3,372 
Creditors: amounts falling due within one year
- 
(1,727)
Net current assets
1,631 
1,645 
Total assets less current liabilities
61,310 
73,645 
Creditors: amounts falling due after more than one year
(78,626)
(78,783)
Net liabilities
(17,316)
(5,138)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(17,317)
(5,139)
Shareholders' funds
(17,316)
(5,138)
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 31 July 2024 and were signed on its behalf by
Raycho Stefanov DZHAMBAZKI Director Company Registration No. SC647100
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Speeds360 Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Speeds360 Ltd is a private company, limited by shares, registered in Scotland, registration number SC647100. The registered office is 10 Miln Street, Dundee, Angus, DD1 5BZ, Scotland.
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% Deduction
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 December 2022
78,634 
Additions
2,599 
At 30 November 2023
81,233 
Depreciation
At 1 December 2022
6,634 
Charge for the year
14,920 
At 30 November 2023
21,554 
Net book value
At 30 November 2023
59,679 
At 30 November 2022
72,000 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
1,727 
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Speeds360 Ltd Notes to the Accounts for the year ended 30 November 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Trade creditors
- 
64,685 
Loans from directors
78,626 
14,098 
78,626 
78,783 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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