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Registration number: 10176766

D.Speed Construction Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

D.Speed Construction Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

D.Speed Construction Ltd

Company Information

Director

Mr D Speed

Registered office

9 Sandbach Road, Congleton
Cheshire
England
CW12 4LB

Accountants

Nolan James Ltd
Chartered Accountants
Suite 1 Armcon Business Park
London Road South
Poynton
Stockport
Cheshire
SK12 1LQ

 

D.Speed Construction Ltd

(Registration number: 10176766)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,494

3,326

Current assets

 

Debtors

5

14,850

30,828

Cash at bank and in hand

 

33,957

22,456

 

48,807

53,284

Creditors: Amounts falling due within one year

6

(42,197)

(41,901)

Net current assets

 

6,610

11,383

Total assets less current liabilities

 

9,104

14,709

Creditors: Amounts falling due after more than one year

6

(8,457)

(14,457)

Provisions for liabilities

(400)

(6)

Net assets

 

247

246

Capital and reserves

 

Called up share capital

1

1

Retained earnings

246

245

Shareholders' funds

 

247

246

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 February 2025
 

.........................................
Mr D Speed
Director

 

D.Speed Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

Statutory information

D.Speed Construction Ltd 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.

These financial statements were authorised for issue by the director on 25 February 2025.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

 

D.Speed Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

3

Employees and directors

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 1).

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 June 2023

14,384

14,384

At 31 May 2024

14,384

14,384

Depreciation

At 1 June 2023

11,058

11,058

Charge for the year

832

832

At 31 May 2024

11,890

11,890

Carrying amount

At 31 May 2024

2,494

2,494

At 31 May 2023

3,326

3,326

5

Debtors

Current

2024
£

2023
£

Other debtors

14,850

30,828

 

14,850

30,828

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6,000

8,270

Trade creditors

 

10

-

Taxation and social security

 

34,777

32,131

Other creditors

 

1,410

1,500

 

42,197

41,901

 

D.Speed Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8,457

14,457

7

Director's' Advances, Credit And Guarantees

Transactions with the director

2024

At 1 June 2023
£

Repayments by director
£

At 31 May 2024
£

Mr D Speed

Transactions with the director

25,251

(15,991)

9,260

2023

At 1 June 2022
£

Repayments by director
£

At 31 May 2023
£

Mr D Speed

Transactions with the director

28,681

(3,430)

25,251