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REGISTERED NUMBER: 03349488 (England and Wales)
















Unaudited Financial Statements for the Year Ended 30th April 2024

for

SPEED 6310 LIMITED

SPEED 6310 LIMITED (REGISTERED NUMBER: 03349488)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPEED 6310 LIMITED

Company Information
for the Year Ended 30th April 2024







DIRECTOR: I D Andrews





REGISTERED OFFICE: 38 Salisbury Road
Worthing
West Sussex
BN11 1RD





REGISTERED NUMBER: 03349488 (England and Wales)





ACCOUNTANTS: MastersFuller
Chartered Certified Accountants
38 Salisbury Road
Worthing
West Sussex
BN11 1RD

SPEED 6310 LIMITED (REGISTERED NUMBER: 03349488)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1
Investments 5 1,078,000 1,078,000
1,078,001 1,078,001

CURRENT ASSETS
Debtors 6 451 -
Cash at bank 11,535 13,769
11,986 13,769
CREDITORS
Amounts falling due within one year 7 13,263 14,871
NET CURRENT LIABILITIES (1,277 ) (1,102 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,076,724

1,076,899

PROVISIONS FOR LIABILITIES 169,608 169,608
NET ASSETS 907,116 907,291

CAPITAL AND RESERVES
Called up share capital 3 3
Fair value reserve 8 723,067 723,067
Retained earnings 184,046 184,221
SHAREHOLDERS' FUNDS 907,116 907,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

SPEED 6310 LIMITED (REGISTERED NUMBER: 03349488)

Balance Sheet - continued
30th April 2024


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 6th December 2024 and were signed by:





I D Andrews - Director


SPEED 6310 LIMITED (REGISTERED NUMBER: 03349488)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

Speed 6310 Limited 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investment properties
Income from investment properties is taken into account in arriving at the operating profit as it arises.

3. EMPLOYEES AND DIRECTORS

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

SPEED 6310 LIMITED (REGISTERED NUMBER: 03349488)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st May 2023
and 30th April 2024 2,540
DEPRECIATION
At 1st May 2023
and 30th April 2024 2,539
NET BOOK VALUE
At 30th April 2024 1
At 30th April 2023 1

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st May 2023
and 30th April 2024 1,078,000
NET BOOK VALUE
At 30th April 2024 1,078,000
At 30th April 2023 1,078,000

Cost or valuation at 30th April 2024 is represented by:

Other
investments
£   
Valuation in 2004 419,675
Valuation in 2005 170,000
Valuation in 2013 28,000
Valuation in 2014 97,000
Valuation in 2016 80,000
Valuation in 2022 98,000
Cost 185,325
1,078,000

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 185,325 185,325

Fixed asset investments were valued on an open market basis on 30th April 2024 by I D Andrews, director .

Unlisted investments comprise freehold land and buildings let under operating leases.

SPEED 6310 LIMITED (REGISTERED NUMBER: 03349488)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 451 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax reserve 8,802 9,766
Director's loan account 407 1,135
Accrued expenses 4,054 3,970
13,263 14,871

8. RESERVES
Fair
value
reserve
£   
At 1st May 2023
and 30th April 2024 723,067