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REGISTERED NUMBER: 04764890 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

SPEEDMARK-UK LTD

SPEEDMARK-UK LTD (REGISTERED NUMBER: 04764890)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SPEEDMARK-UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr R J Williams





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 04764890 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

SPEEDMARK-UK LTD (REGISTERED NUMBER: 04764890)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 1,938 2,584
1,938 2,584

CURRENT ASSETS
Inventories 6 3,700 6,000
Debtors 7 5,253 11,597
Cash at bank 5,327 3,906
14,280 21,503
CREDITORS
Amounts falling due within one year 8 15,430 24,041
NET CURRENT LIABILITIES (1,150 ) (2,538 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

788

46

CAPITAL AND RESERVES
Called up share capital 9 100 1
Retained earnings 688 45
SHAREHOLDERS' FUNDS 788 46

SPEEDMARK-UK LTD (REGISTERED NUMBER: 04764890)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 14 January 2025 and were signed by:





Mr R J Williams - Director


SPEEDMARK-UK LTD (REGISTERED NUMBER: 04764890)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Speedmark-UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover represents net invoiced sales of goods, excluding value added tax.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

STOCKS
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SPEEDMARK-UK LTD (REGISTERED NUMBER: 04764890)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 June 2023
and 31 May 2024 34,000
Amortisation
At 1 June 2023
and 31 May 2024 34,000
Net book value
At 31 May 2024 -
At 31 May 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
At 1 June 2023
and 31 May 2024 15,854 3,750 19,604
Depreciation
At 1 June 2023 13,698 3,322 17,020
Charge for year 539 107 646
At 31 May 2024 14,237 3,429 17,666
Net book value
At 31 May 2024 1,617 321 1,938
At 31 May 2023 2,156 428 2,584

6. INVENTORIES
2024 2023
£    £   
Stocks 3,700 6,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 6,360
Other debtors 5,253 5,237
5,253 11,597

SPEEDMARK-UK LTD (REGISTERED NUMBER: 04764890)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 101 2,415
Taxation and social security 1,364 1,368
Other creditors 13,965 20,258
15,430 24,041

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
80 Ordinary £1 80 1
20 Ordinary A £1 20 -
100 1