2023-09-01 10336402 2024-08-31 10336402 2023-09-01 2024-08-31 10336402 2023-08-31 10336402 2022-09-01 2023-08-31 10336402 uk-core:WithinOneYear 2023-08-31 10336402 uk-core:WithinOneYear 2024-08-31 10336402 uk-core:ShareCapital 2024-08-31 10336402 uk-core:ShareCapital 2023-08-31 10336402 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 10336402 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 10336402 uk-bus:Director1 2023-09-01 2024-08-31 10336402 uk-core:ComputerEquipment 2023-09-01 2024-08-31 10336402 uk-core:CommercialMotorVehicles 2023-09-01 2024-08-31 10336402 uk-core:ComputerEquipment 2023-08-31 10336402 uk-core:CommercialMotorVehicles 2023-08-31 10336402 uk-core:CommercialMotorVehicles 2024-08-31 10336402 uk-core:ComputerEquipment 2024-08-31 iso4217:GBP xbrli:pure 10336402 uk-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10336402 uk-bus:FRS102 2023-09-01 2024-08-31 10336402 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 10336402 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31
Draft
Speedo Angels Limited
Registered Number:10336402
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 31 August 2024
Speedo Angels Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Draft
Registered Number :
10336402
As at 31 August 2024
Speedo Angels Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
22,391
25,355
2
22,391
25,355
Current assets
Inventories
10,000
10,000
3
Trade and other receivables
8,188
4,218
4
120,971
Cash and cash equivalents
184,560
198,778
139,159
Trade and other payables: amounts falling due
within one year
(55,640)
(81,843)
5
83,519
116,935
Net current assets
Total assets less current liabilities
139,326
108,874
139,326
Net assets
108,874
Capital and reserves
Called up share capital
100
100
Retained earnings
139,226
108,774
139,326
108,874
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been deliver
ed.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
M J Miller Director
These financial statements were approved and authorised for issue by the Board on 07 February 2025 and were signed by:
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4
Draft
Registered Number :
10336402
For the year ended 31 August 2024
Speedo Angels Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
Draft
For the year ended 31 August 2024
Speedo Angels Limited
Notes to the Financial Statements
Statutory Information
Speedo Angels Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 10336402.
Registered address:
29 Bath Road
Pesedown St John
Bath
BA2 8DJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and
Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared
under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer Equipment
25% Reducing balance
Motor Vehicles
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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6
Draft
For the year ended 31 August 2024
Speedo Angels Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Motor
Vehicles
£
£
£
Cost or
valuation
At 01 September 2023
44,215
13,405
30,810
45,168
-
45,168
Additions
-
(46,043)
Disposals
(46,043)
At 31 August 2024
29,935
13,405
43,340
Provision for depreciation and impairmen
t
At 01 September 2023
18,860
8,100
10,760
Charge for year
7,463
1,326
6,137
(5,374)
-
(5,374)
On disposal
At 31 August 2024
20,949
9,426
11,523
At 31 August 2024
Net book value
18,412
3,979
22,391
At 31 August 2023
20,050
5,305
25,355
3. Inventories
2023
2024
£
£
Stocks
10,000
10,000
4. Trade and other receivables
2023
2024
£
£
Trade debtors
4,218
8,188
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
4,573
7,427
Taxation and social security
63,554
35,344
Other creditors
13,716
12,869
81,843
55,640
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7
Draft
For the year ended 31 August 2024
Speedo Angels Limited
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 5 (2023 : 5)
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