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Company Registration No. 10795664 (England and Wales)
Speedfast Tool Hire Limited Unaudited accounts for the year ended 31 August 2024
Speedfast Tool Hire Limited Unaudited accounts Contents
Page
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Speedfast Tool Hire Limited Company Information for the year ended 31 August 2024
Director
Mr Jack Lucey
Company Number
10795664 (England and Wales)
Registered Office
67 Pontygwindy Road Caerphilly CF83 3HD
Accountants
DC Tax & Accounts Ltd 5 Bedwas House Greenway, Bedwas Caerphilly CF83 8GF
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Speedfast Tool Hire Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
445,336 
505,114 
Current assets
Debtors
11 
- 
Cash at bank and in hand
15,131 
12,718 
15,142 
12,718 
Creditors: amounts falling due within one year
37,344 
(159,097)
Net current assets/(liabilities)
52,486 
(146,379)
Net assets
497,822 
358,735 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
497,812 
358,725 
Shareholders' funds
497,822 
358,735 
For the year ending 31 August 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 24 January 2025 and were signed on its behalf by
Mr Jack Lucey Director Company Registration No. 10795664
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Speedfast Tool Hire Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Speedfast Tool Hire Limited is a private company, limited by shares, registered in England and Wales, registration number 10795664. The registered office is 67 Pontygwindy Road, Caerphilly, CF83 3HD.
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
25% Reducing balance
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 September 2023
932,601 
Additions
61,098 
Disposals
(50,000)
At 31 August 2024
943,699 
Depreciation
At 1 September 2023
427,487 
Charge for the year
103,242 
On disposals
(32,366)
At 31 August 2024
498,363 
Net book value
At 31 August 2024
445,336 
At 31 August 2023
505,114 
5
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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