2023-04-012024-03-312024-03-31false11616659Speedy Go Logistics Ltd2025-03-28falseiso4217:GBPxbrli:pure116166592023-04-01116166592024-03-31116166592023-04-012024-03-31116166592022-04-01116166592023-03-31116166592022-04-012023-03-3111616659bus:SmallEntities2023-04-012024-03-3111616659bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3111616659bus:FullAccounts2023-04-012024-03-3111616659bus:PrivateLimitedCompanyLtd2023-04-012024-03-3111616659core:WithinOneYear2024-03-3111616659core:AfterOneYear2024-03-3111616659core:WithinOneYear2023-03-3111616659core:AfterOneYear2023-03-3111616659core:ShareCapital2024-03-3111616659core:SharePremium2024-03-3111616659core:RevaluationReserve2024-03-3111616659core:OtherReservesSubtotal2024-03-3111616659core:RetainedEarningsAccumulatedLosses2024-03-3111616659core:ShareCapital2023-03-3111616659core:SharePremium2023-03-3111616659core:RevaluationReserve2023-03-3111616659core:OtherReservesSubtotal2023-03-3111616659core:RetainedEarningsAccumulatedLosses2023-03-3111616659core:LandBuildings2024-03-3111616659core:PlantMachinery2024-03-3111616659core:Vehicles2024-03-3111616659core:FurnitureFittings2024-03-3111616659core:OfficeEquipment2024-03-3111616659core:NetGoodwill2024-03-3111616659core:IntangibleAssetsOtherThanGoodwill2024-03-3111616659core:ListedExchangeTraded2024-03-3111616659core:UnlistedNon-exchangeTraded2024-03-3111616659core:LandBuildings2023-03-3111616659core:PlantMachinery2023-03-3111616659core:Vehicles2023-03-3111616659core:FurnitureFittings2023-03-3111616659core:OfficeEquipment2023-03-3111616659core:NetGoodwill2023-03-3111616659core:IntangibleAssetsOtherThanGoodwill2023-03-3111616659core:ListedExchangeTraded2023-03-3111616659core:UnlistedNon-exchangeTraded2023-03-3111616659core:LandBuildings2023-04-012024-03-3111616659core:PlantMachinery2023-04-012024-03-3111616659core:Vehicles2023-04-012024-03-3111616659core:FurnitureFittings2023-04-012024-03-3111616659core:OfficeEquipment2023-04-012024-03-3111616659core:NetGoodwill2023-04-012024-03-3111616659core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3111616659core:ListedExchangeTraded2023-04-012024-03-3111616659core:UnlistedNon-exchangeTraded2023-04-012024-03-3111616659core:MoreThanFiveYears2023-04-012024-03-3111616659core:Non-currentFinancialInstruments2024-03-3111616659core:Non-currentFinancialInstruments2023-03-3111616659dpl:CostSales2023-04-012024-03-3111616659dpl:DistributionCosts2023-04-012024-03-3111616659core:LandBuildings2023-04-012024-03-3111616659core:PlantMachinery2023-04-012024-03-3111616659core:Vehicles2023-04-012024-03-3111616659core:FurnitureFittings2023-04-012024-03-3111616659core:OfficeEquipment2023-04-012024-03-3111616659dpl:AdministrativeExpenses2023-04-012024-03-3111616659core:NetGoodwill2023-04-012024-03-3111616659core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3111616659dpl:GroupUndertakings2023-04-012024-03-3111616659dpl:ParticipatingInterests2023-04-012024-03-3111616659dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3111616659core:ListedExchangeTraded2023-04-012024-03-3111616659dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3111616659core:UnlistedNon-exchangeTraded2023-04-012024-03-3111616659dpl:CostSales2022-04-012023-03-3111616659dpl:DistributionCosts2022-04-012023-03-3111616659core:LandBuildings2022-04-012023-03-3111616659core:PlantMachinery2022-04-012023-03-3111616659core:Vehicles2022-04-012023-03-3111616659core:FurnitureFittings2022-04-012023-03-3111616659core:OfficeEquipment2022-04-012023-03-3111616659dpl:AdministrativeExpenses2022-04-012023-03-3111616659core:NetGoodwill2022-04-012023-03-3111616659core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3111616659dpl:GroupUndertakings2022-04-012023-03-3111616659dpl:ParticipatingInterests2022-04-012023-03-3111616659dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3111616659core:ListedExchangeTraded2022-04-012023-03-3111616659dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3111616659core:UnlistedNon-exchangeTraded2022-04-012023-03-3111616659core:NetGoodwill2024-03-3111616659core:IntangibleAssetsOtherThanGoodwill2024-03-3111616659core:LandBuildings2024-03-3111616659core:PlantMachinery2024-03-3111616659core:Vehicles2024-03-3111616659core:FurnitureFittings2024-03-3111616659core:OfficeEquipment2024-03-3111616659core:AfterOneYear2024-03-3111616659core:WithinOneYear2024-03-3111616659core:ListedExchangeTraded2024-03-3111616659core:UnlistedNon-exchangeTraded2024-03-3111616659core:ShareCapital2024-03-3111616659core:SharePremium2024-03-3111616659core:RevaluationReserve2024-03-3111616659core:OtherReservesSubtotal2024-03-3111616659core:RetainedEarningsAccumulatedLosses2024-03-3111616659core:NetGoodwill2023-03-3111616659core:IntangibleAssetsOtherThanGoodwill2023-03-3111616659core:LandBuildings2023-03-3111616659core:PlantMachinery2023-03-3111616659core:Vehicles2023-03-3111616659core:FurnitureFittings2023-03-3111616659core:OfficeEquipment2023-03-3111616659core:AfterOneYear2023-03-3111616659core:WithinOneYear2023-03-3111616659core:ListedExchangeTraded2023-03-3111616659core:UnlistedNon-exchangeTraded2023-03-3111616659core:ShareCapital2023-03-3111616659core:SharePremium2023-03-3111616659core:RevaluationReserve2023-03-3111616659core:OtherReservesSubtotal2023-03-3111616659core:RetainedEarningsAccumulatedLosses2023-03-3111616659core:NetGoodwill2022-04-0111616659core:IntangibleAssetsOtherThanGoodwill2022-04-0111616659core:LandBuildings2022-04-0111616659core:PlantMachinery2022-04-0111616659core:Vehicles2022-04-0111616659core:FurnitureFittings2022-04-0111616659core:OfficeEquipment2022-04-0111616659core:AfterOneYear2022-04-0111616659core:WithinOneYear2022-04-0111616659core:ListedExchangeTraded2022-04-0111616659core:UnlistedNon-exchangeTraded2022-04-0111616659core:ShareCapital2022-04-0111616659core:SharePremium2022-04-0111616659core:RevaluationReserve2022-04-0111616659core:OtherReservesSubtotal2022-04-0111616659core:RetainedEarningsAccumulatedLosses2022-04-0111616659core:AfterOneYear2023-04-012024-03-3111616659core:WithinOneYear2023-04-012024-03-3111616659core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-3111616659core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-3111616659core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-3111616659core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-3111616659core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-3111616659core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-3111616659core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3111616659core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3111616659core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3111616659core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3111616659core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3111616659core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3111616659core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3111616659core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3111616659core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3111616659core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3111616659core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3111616659core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3111616659core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3111616659core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3111616659core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3111616659core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3111616659core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3111616659core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3111616659core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3111616659core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3111616659core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3111616659bus:Director12023-04-012024-03-31

Speedy Go Logistics Ltd

Registered Number
11616659
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

Speedy Go Logistics Ltd
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

Nimesh Francis

Registered Address

146 Weald Lane
Harrow
HA3 5HA

Registered Number

11616659 (England and Wales)
Speedy Go Logistics Ltd
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3-5,400
Tangible assets414,7891,003
14,7896,403
Current assets
Debtors5,799-
Cash at bank and on hand8,21430,919
14,01330,919
Creditors amounts falling due within one year5(16,468)(764)
Net current assets (liabilities)(2,455)30,155
Total assets less current liabilities12,33436,558
Creditors amounts falling due after one year6(29,834)(32,054)
Net assets(17,500)4,504
Capital and reserves
Called up share capital100100
Profit and loss account(17,600)4,404
Shareholders' funds(17,500)4,504
The financial statements were approved and authorised for issue by the Director on 28 March 2025, and are signed on its behalf by:
Nimesh Francis
Director
Registered Company No. 11616659
Speedy Go Logistics Ltd
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be five years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery-5
Vehicles18-
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year11
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 2327,00827,008
At 31 March 2427,00827,008
Amortisation and impairment
At 01 April 2321,60821,608
Charge for year5,4005,400
At 31 March 2427,00827,008
Net book value
At 31 March 24--
At 31 March 235,4005,400
4.Tangible fixed assets

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 April 232,075-2,075
Additions-24,00024,000
At 31 March 242,07524,00026,075
Depreciation and impairment
At 01 April 231,072-1,072
Charge for year4159,79910,214
At 31 March 241,4879,79911,286
Net book value
At 31 March 2458814,20114,789
At 31 March 231,003-1,003
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables831-
Taxation and social security666666
Finance lease and HP contracts6,000-
Other creditors8,97198
Total16,468764
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts27,83432,054
Other creditors2,000-
Total29,83432,054
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts2,000-
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives. Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.