Company registration number 06343606 (England and Wales)
MAXIMUM SPEED LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
MAXIMUM SPEED LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MAXIMUM SPEED LIMITED FOR THE YEAR ENDED 31 JULY 2024
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Maximum Speed Limited for the year ended 31 July 2024, which comprise the profit and loss account and the balance sheet, 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 at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Maximum Speed Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Maximum Speed Limited and state those matters that we have agreed to state to the board of directors of Maximum Speed Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Maximum Speed Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Maximum Speed Limited has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that Maximum Speed Limited 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 Maximum Speed Limited. 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.
AAB
Chartered Accountants
Gresham House
5-7 St Pauls Street
Leeds
LS1 2JG
9 April 2025
MAXIMUM SPEED LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JULY 2024
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2024
2023
£
£
Turnover
42,000
13,550
Other income
5,400
4,627
Other charges
(6,237)
(5,751)
Tax
(6,500)
Profit
34,663
12,426
MAXIMUM SPEED LIMITED
BALANCE SHEET
AS AT 31 JULY 2024
31 July 2024
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2024
2023
£
£
£
£
Fixed assets
100,582
100,582
Current assets
13,237
24,080
Creditors: amounts falling due within one year
(241,785)
(289,951)
Net current liabilities
(228,548)
(265,871)
Total assets less current liabilities
(127,966)
(165,289)
Accruals and deferred income
(5,163)
(2,503)
Net liabilities
(133,129)
(167,792)
Capital and reserves
(133,129)
(167,792)
Notes to the financial statements
1
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
1
1
Maximum Speed Limited is a private company limited by shares incorporated in England and Wales. The registered office is Gresham House, 5 - 7 St Pauls Street, Leeds, LS1 2JG.
For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and the provisions applicable to companies subject to the small companies regime.
MAXIMUM SPEED LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024
31 July 2024
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The financial statements were approved and signed by the director and authorised for issue on 9 April 2025
Mr S J Ireland
Director
Company registration number 06343606 (England and Wales)