Company Registration No. 07762787 (England and Wales)
ACSpeedtech Ltd
Unaudited accounts
for the year ended 30 September 2024
ACSpeedtech Ltd
Unaudited accounts
Contents
ACSpeedtech Ltd
Company Information
for the year ended 30 September 2024
Company Number
07762787 (England and Wales)
Registered Office
Unit C2 Trident Busines Park
Daten Avenue
Birchwood
Cheshire
WA3 6BX
England
Accountants
Xeinadin Group
Regent House
Folds Road
Bolton
BL1 2RZ
ACSpeedtech Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
106,977
61,694
Inventories
450,680
113,990
Cash at bank and in hand
22,257
36,903
Creditors: amounts falling due within one year
(509,927)
(326,141)
Net current assets/(liabilities)
19,585
(226,899)
Total assets less current liabilities
127,102
(164,665)
Creditors: amounts falling due after more than one year
(27,531)
(37,826)
Provisions for liabilities
Deferred tax
(7,734)
(9,520)
Net assets/(liabilities)
91,837
(212,011)
Called up share capital
10
10
Profit and loss account
91,827
(212,021)
Shareholders' funds
91,837
(212,011)
For the year ending 30 September 2024 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 20 January 2025 and were signed on its behalf by
Mr Andrew Clark
Director
Company Registration No. 07762787
ACSpeedtech Ltd
Notes to the Accounts
for the year ended 30 September 2024
ACSpeedtech Ltd is a private company, limited by shares, registered in England and Wales, registration number 07762787. The registered office is Unit C2 Trident Busines Park, Daten Avenue , Birchwood , Cheshire , WA3 6BX, England .
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
33% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Website Development - Amortisation N/A
4
Intangible fixed assets
Total
ACSpeedtech Ltd
Notes to the Accounts
for the year ended 30 September 2024
5
Tangible fixed assets
Total
At 30 September 2024
244,017
Charge for the year
32,104
At 30 September 2024
137,040
At 30 September 2024
106,977
At 30 September 2023
61,694
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).