REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30th April 2024 |
for |
SPEED 6310 LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
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 |
DEPRECIATION |
At 1st May 2023 |
and 30th April 2024 |
NET BOOK VALUE |
At 30th April 2024 |
At 30th April 2023 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST OR VALUATION |
At 1st May 2023 |
and 30th April 2024 |
NET BOOK VALUE |
At 30th April 2024 |
At 30th April 2023 |
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 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Corporation tax reserve |
Director's loan account | 407 | 1,135 |
Accrued expenses |
8. | RESERVES |
Fair |
value |
reserve |
£ |
At 1st May 2023 |
and 30th April 2024 |