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REGISTERED NUMBER: 09641263 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SPEEDSHIFT LOGISTICS LTD

SPEEDSHIFT LOGISTICS LTD (REGISTERED NUMBER: 09641263)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

SPEEDSHIFT LOGISTICS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: V G Jones





REGISTERED OFFICE: 5-6 De La Beche Street
Swansea
SA1 3HA





REGISTERED NUMBER: 09641263 (England and Wales)





ACCOUNTANTS: John F. Harvey
Dynevor House
5-6 De La Beche Street
Swansea
SA1 3HA

SPEEDSHIFT LOGISTICS LTD (REGISTERED NUMBER: 09641263)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 829 1,352

CURRENT ASSETS
Debtors 5 188,566 188,982
Cash at bank and in hand 17,256 9,996
205,822 198,978
CREDITORS
Amounts falling due within one year 6 (498,456 ) (534,493 )
NET CURRENT LIABILITIES (292,634 ) (335,515 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(291,805

)

(334,163

)

CREDITORS
Amounts falling due after more than one
year

7

(22,225

)

(32,225

)
NET LIABILITIES (314,030 ) (366,388 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (314,032 ) (366,390 )
SHAREHOLDERS' FUNDS (314,030 ) (366,388 )

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

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

SPEEDSHIFT LOGISTICS LTD (REGISTERED NUMBER: 09641263)

BALANCE SHEET - continued
30 JUNE 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2025 and were signed by:





V G Jones - Director


SPEEDSHIFT LOGISTICS LTD (REGISTERED NUMBER: 09641263)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Speedshift Logistics 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 33% on cost

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.

Pension costs and other post-retirement benefits
Pension costs relate to the employer's element of pension obligations due under auto enrolment and are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

SPEEDSHIFT LOGISTICS LTD (REGISTERED NUMBER: 09641263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 895 3,992 28,770 33,657
DEPRECIATION
At 1 July 2023 229 3,523 28,553 32,305
Charge for year 90 287 146 523
At 30 June 2024 319 3,810 28,699 32,828
NET BOOK VALUE
At 30 June 2024 576 182 71 829
At 30 June 2023 666 469 217 1,352

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,785 38,618
Other debtors 1,195 3,688
S455 debtor 34,520 21,762
Directors' current accounts 131,724 121,126
Prepayments 1,342 3,788
188,566 188,982

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans 85,718 80,002
Trade creditors 285,348 394,248
Tax 1,127 -
Social security and other taxes 31,984 2,329
Pension creditor 726 634
VAT 50,853 9,314
Other creditors 27,629 27,629
Accruals 5,071 10,337
498,456 534,493

SPEEDSHIFT LOGISTICS LTD (REGISTERED NUMBER: 09641263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-5 years 22,225 32,225

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 1 2 2

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 June 2024 and the period ended 30 June 2023:

2024 2023
£    £   
V G Jones
Balance outstanding at start of year 121,126 98,646
Amounts advanced 10,597 22,480
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 131,723 121,126

J Husband FCA
Balance outstanding at start of year - 7,377
Amounts repaid - (7,377 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SPEEDSHIFT LOGISTICS LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Speedshift Logistics Ltd for the year ended 30 June 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Speedshift Logistics Ltd in accordance with the terms of our engagement letter dated 26 March 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Speedshift Logistics Ltd and state those matters that we have agreed to state to the director of Speedshift Logistics Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Speedshift Logistics Ltd and its director for our work or for this report.

It is your duty to ensure that Speedshift Logistics Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Speedshift Logistics Ltd. You consider that Speedshift Logistics Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Speedshift Logistics Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






John F. Harvey
Dynevor House
5-6 De La Beche Street
Swansea
SA1 3HA


28 March 2025