IRIS Accounts Production v25.1.4.42 03812498 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh038124982024-03-31038124982025-03-31038124982024-04-012025-03-31038124982023-03-31038124982023-04-012024-03-31038124982024-03-3103812498ns15:EnglandWales2024-04-012025-03-3103812498ns14:PoundSterling2024-04-012025-03-3103812498ns10:Director12024-04-012025-03-3103812498ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3103812498ns10:SmallEntities2024-04-012025-03-3103812498ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3103812498ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3103812498ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3103812498ns10:FullAccounts2024-04-012025-03-3103812498ns5:CurrentFinancialInstruments2025-03-3103812498ns5:CurrentFinancialInstruments2024-03-3103812498ns5:ShareCapital2025-03-3103812498ns5:ShareCapital2024-03-3103812498ns5:RetainedEarningsAccumulatedLosses2025-03-3103812498ns5:RetainedEarningsAccumulatedLosses2024-03-3103812498ns10:RegisteredOffice2024-04-012025-03-3103812498ns5:PlantMachinery2024-03-3103812498ns5:FurnitureFittings2024-03-3103812498ns5:MotorVehicles2024-03-3103812498ns5:ComputerEquipment2024-03-3103812498ns5:PlantMachinery2024-04-012025-03-3103812498ns5:FurnitureFittings2024-04-012025-03-3103812498ns5:MotorVehicles2024-04-012025-03-3103812498ns5:ComputerEquipment2024-04-012025-03-3103812498ns5:PlantMachinery2025-03-3103812498ns5:FurnitureFittings2025-03-3103812498ns5:MotorVehicles2025-03-3103812498ns5:ComputerEquipment2025-03-3103812498ns5:PlantMachinery2024-03-3103812498ns5:FurnitureFittings2024-03-3103812498ns5:MotorVehicles2024-03-3103812498ns5:ComputerEquipment2024-03-3103812498ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3103812498ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31
REGISTERED NUMBER: 03812498 (England and Wales)















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 33,936 28,094

CURRENT ASSETS
Stocks 270,591 245,593
Debtors 5 173,560 143,496
Cash at bank and in hand 365,091 268,583
809,242 657,672
CREDITORS
Amounts falling due within one year 6 (448,863 ) (294,730 )
NET CURRENT ASSETS 360,379 362,942
TOTAL ASSETS LESS CURRENT LIABILITIES 394,315 391,036

PROVISIONS FOR LIABILITIES (8,386 ) (7,023 )
NET ASSETS 385,929 384,013

CAPITAL AND RESERVES
Called up share capital 80 80
Retained earnings 385,849 383,933
385,929 384,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

SPEEDY FIXINGS LIMITED (REGISTERED NUMBER: 03812498)

BALANCE SHEET - continued
31 MARCH 2025


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 26 June 2025 and were signed on its behalf by:





Mr K. P. Burgess - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03812498

Registered office: Town Wall House
Balkerne Hill
Colchester
Essex
CO3 3AD

For the purposes of presentation, the financial statements are rounded to the nearest Pound Sterling (£).

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 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 11 (2024 - 10 ) .

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 35,844 5,146 23,662 48,060 112,712
Additions - - - 20,291 20,291
Disposals - - - (6,746 ) (6,746 )
At 31 March 2025 35,844 5,146 23,662 61,605 126,257
DEPRECIATION
At 1 April 2024 35,844 4,188 15,383 29,203 84,618
Charge for year - 244 3,896 10,085 14,225
Eliminated on disposal - - - (6,522 ) (6,522 )
At 31 March 2025 35,844 4,432 19,279 32,766 92,321
NET BOOK VALUE
At 31 March 2025 - 714 4,383 28,839 33,936
At 31 March 2024 - 958 8,279 18,857 28,094

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 164,199 111,766
Directors' current accounts - 20,919
Prepayments and accrued income 9,361 10,811
173,560 143,496

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 99,626 61,319
Amounts due to related undertakings 221,286 141,286
Amounts due to parent 220 220
Corporation tax 69,527 50,034
Other tax and social security 43,636 34,453
Other creditors 2,147 1,799
Directors' current accounts 9,365 45
Accruals and deferred income 3,056 5,574
448,863 294,730

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.