SPEEDTECH INNOVATION LTD

Company Registration Number:
15144514 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 18 September 2023

End date: 30 September 2024

SPEEDTECH INNOVATION LTD

Contents of the Financial Statements

for the Period Ended 30 September 2024

Directors report
Profit and loss
Balance sheet
Additional notes

SPEEDTECH INNOVATION LTD

Directors' report period ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Principal activities of the company

Note 1: Principal Activities The principal activity of the company is the provision of digital transformation services, including custom software development, cybersecurity consulting, and project management. During the financial year, the company remained in its setup phase and did not commence trading. Note 2: Non-Trading Status The company was active but did not generate any trading income during the period. Costs incurred relate to business setup and strategic planning. Note 3: Basis of Preparation These accounts have been prepared under the historical cost convention in accordance with the provisions applicable to micro-entities under the Companies Act 2006.



Directors

The director shown below has held office during the period of
26 October 2023 to 30 September 2024

Dr Ibrahim Bakoji


The director shown below has held office during the whole of the period from
18 September 2023 to 30 September 2024

Dr Julius Uti NCHOR


Secretary Halima Muhammad Lawal

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 June 2025

And signed on behalf of the board by:
Name: Dr Ibrahim Bakoji
Status: Director

SPEEDTECH INNOVATION LTD

Profit And Loss Account

for the Period Ended 30 September 2024

2024


£
Turnover: 0
Cost of sales: 0
Gross profit(or loss): 0
Distribution costs: 0
Administrative expenses: ( 12,850 )
Other operating income: 0
Operating profit(or loss): (12,850)
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: (12,850)
Tax: 0
Profit(or loss) for the financial year: (12,850)

SPEEDTECH INNOVATION LTD

Balance sheet

As at 30 September 2024

Notes 2024


£
Called up share capital not paid: 0
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 12,850
Investments:   0
Total current assets: 12,850
Prepayments and accrued income: 0
Net current assets (liabilities): 12,850
Total assets less current liabilities: 12,850
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 12,850
Capital and reserves
Called up share capital: 100
Share premium account: 0
Other reserves: 0
Profit and loss account: 12,750
Total Shareholders' funds: 12,850

The notes form part of these financial statements

SPEEDTECH INNOVATION LTD

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 20 June 2025
and signed on behalf of the board by:

Name: Dr Ibrahim Bakoji
Status: Director

The notes form part of these financial statements

SPEEDTECH INNOVATION LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SPEEDTECH INNOVATION LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024
    Average number of employees during the period 2