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REGISTERED NUMBER: 02610504 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Spedo (UK) Limited

Spedo (UK) Limited (Registered number: 02610504)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Spedo (UK) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: P J Holden
Mrs G Holden





SECRETARY: P J Holden





REGISTERED OFFICE: Horsenford Farm
Long Lane
Forncett St Mary
Norwich
Norfolk
NR16 1JW





REGISTERED NUMBER: 02610504 (England and Wales)





ACCOUNTANTS: Calum Ward & Co Ltd
Market House
Church Street
Harleston
Norfolk
IP20 9BB

Spedo (UK) Limited (Registered number: 02610504)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 378,577 390,703
Investments 5 1 1
378,578 390,704

CURRENT ASSETS
Stocks 658,359 763,920
Debtors 6 88,787 71,496
Cash at bank 1,429,089 1,245,942
2,176,235 2,081,358
CREDITORS
Amounts falling due within one year 7 28,106 28,248
NET CURRENT ASSETS 2,148,129 2,053,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,526,707

2,443,814

CREDITORS
Amounts falling due after more than one
year

8

12,753

12,753
NET ASSETS 2,513,954 2,431,061

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,513,854 2,430,961
2,513,954 2,431,061

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Spedo (UK) Limited (Registered number: 02610504)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:





Mrs G Holden - Director


Spedo (UK) Limited (Registered number: 02610504)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Spedo (UK) Limited 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.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Spedo (UK) Limited (Registered number: 02610504)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 338,503 400,181 738,684
Additions - 17,727 17,727
At 30 September 2024 338,503 417,908 756,411
DEPRECIATION
At 1 October 2023 36,129 311,852 347,981
Charge for year 6,771 23,082 29,853
At 30 September 2024 42,900 334,934 377,834
NET BOOK VALUE
At 30 September 2024 295,603 82,974 378,577
At 30 September 2023 302,374 88,329 390,703

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 1
NET BOOK VALUE
At 30 September 2024 1
At 30 September 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 30,337 19,622
Other debtors 58,450 51,874
88,787 71,496

Spedo (UK) Limited (Registered number: 02610504)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 22,128 23,516
Taxation and social security 990 200
Other creditors 4,988 4,532
28,106 28,248

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Other creditors 12,753 12,753