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Company Registration No. 15126427 (England and Wales)
Nowhere Fast Gear Ltd Unaudited accounts for the period from 10 September 2023 to 30 September 2024
Nowhere Fast Gear Ltd Unaudited accounts Contents
Page
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Nowhere Fast Gear Ltd Company Information for the period from 10 September 2023 to 30 September 2024
Director
Richard Stuart Vaughan
Company Number
15126427 (England and Wales)
Registered Office
20 Wenlock Road London N1 7GU United Kingdom
Accountants
Sleek Accounting Ltd 4th Floor 205 Regent Street London W1B 4HB
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Nowhere Fast Gear Ltd Statement of financial position as at 30 September 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
780 
Current assets
Debtors
476 
Cash at bank and in hand
16,388 
16,864 
Creditors: amounts falling due within one year
(25,689)
Net current liabilities
(8,825)
Net liabilities
(8,045)
Capital and reserves
Called up share capital
1 
Profit and loss account
(8,046)
Shareholders' funds
(8,045)
For the period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 June 2024 and were signed on its behalf by
Richard Stuart Vaughan Director Company Registration No. 15126427
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Nowhere Fast Gear Ltd Notes to the Accounts for the period from 10 September 2023 to 30 September 2024
1
Statutory information
Nowhere Fast Gear Ltd is a private company, limited by shares, registered in England and Wales, registration number 15126427. The registered office is 20 Wenlock Road, London, N1 7GU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 10 September 2023
- 
- 
- 
Additions
656 
349 
1,005 
At 30 September 2024
656 
349 
1,005 
Depreciation
Charge for the period
138 
87 
225 
At 30 September 2024
138 
87 
225 
Net book value
At 30 September 2024
518 
262 
780 
5
Debtors
2024 
£ 
Amounts falling due after more than one year
Trade debtors
476 
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Nowhere Fast Gear Ltd Notes to the Accounts for the period from 10 September 2023 to 30 September 2024
6
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
5,331 
Loans from directors
19,958 
Accruals
400 
25,689 
7
Average number of employees
During the period the average number of employees was 0.
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