| REGISTERED NUMBER: |
| SPEEDY FIXINGS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED |
| 31 MARCH 2025 |
| REGISTERED NUMBER: |
| SPEEDY FIXINGS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED |
| 31 MARCH 2025 |
| SPEEDY FIXINGS LIMITED (REGISTERED NUMBER: 03812498) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| Page |
| Balance Sheet | 1 | to | 2 |
| Notes to the Financial Statements | 3 | to | 6 |
| SPEEDY FIXINGS LIMITED (REGISTERED NUMBER: 03812498) |
| BALANCE SHEET |
| 31 MARCH 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| SPEEDY FIXINGS LIMITED (REGISTERED NUMBER: 03812498) |
| BALANCE SHEET - continued |
| 31 MARCH 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| SPEEDY FIXINGS LIMITED (REGISTERED NUMBER: 03812498) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 1. | STATUTORY INFORMATION |
| Speedy Fixings Limited is a |
| Registered number: |
| Registered office: |
| For the purposes of presentation, the financial statements are rounded to the nearest Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is the total amount receivable by the company for goods supplied and services provided, excluding VAT and trade discounts. |
| Property, plant and equipment |
| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over is estimated useful life. |
| Website | - 33% on cost |
| Fixtures and fittings | - 15% on cost |
| Motor vehicles | - 25% on cost |
| Computer equipment | - 20% on cost |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Financial instruments |
| Basic financial instruments are recognised at amortised cost. |
| SPEEDY FIXINGS LIMITED (REGISTERED NUMBER: 03812498) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| SPEEDY FIXINGS LIMITED (REGISTERED NUMBER: 03812498) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Fixtures |
| and | Motor | Computer |
| Website | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 April 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Directors' current accounts | - | 20,919 |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Amounts due to related undertakings |
| Amounts due to parent | 220 | 220 |
| Corporation tax |
| Other tax and social security |
| Other creditors |
| Directors' current accounts | 9,365 | 45 |
| Accruals and deferred income |
| SPEEDY FIXINGS LIMITED (REGISTERED NUMBER: 03812498) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 7. | TRANSACTIONS WITH THE DIRECTOR |
| During the year, Mr K Burgess was advanced £130,000 (2024: £Nil) and introduced capital of £160,520 (2024: £43,573). £363 of interest was charged to Mr K Burgess. At the year end, the company owed Mr K Burgess £9,238 (2024: Mr K Burgess owed the company £20,919). |
| During the year, Mr S Cook was advanced £230 (2024: £Nil) and introduced capital of £312 (2024: £3,800). At the year end the company owed Mr S Cook £127 (2024: £45). Dividends of £50,000 were made available and paid to Mr S Cook in the year. |
| 8. | RELATED PARTY DISCLOSURES |
| B.I.G. (Brackets and Bolts) Limited |
| During the year, the Company was advanced £185,600 (2024: £Nil) from B.I.G. (Brackets and Bolts) Limited and made repayments of £105,600 (2024: £Nil). Invoices were received from B.I.G. (Brackets and Bolts) Limited totalling £240,000 (2024: £240,000) and payments were made relating to invoices totalling £240,000 (2024: £240,000). |
| At the year end, a balance was due to B.I.G. (Brackets and Bolts) Limited of £221,286 (2024: £141,286). This amount is unsecured, interest-free and repayable on demand. |