1 January 2024 false No description of principal activity Taxfiler 2024.6 09342054business:PrivateLimitedCompanyLtd2024-01-012024-12-31 093420542023-12-31 093420542024-01-012024-12-31 09342054business:AuditExemptWithAccountantsReport2024-01-012024-12-31 09342054business:FilletedAccounts2024-01-012024-12-31 093420542024-12-31 09342054business:Director12024-01-012024-12-31 09342054business:RegisteredOffice2024-01-012024-12-31 093420542023-12-31 09342054core:WithinOneYear2024-12-31 09342054core:WithinOneYear2023-12-31 09342054core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 09342054core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 09342054core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 09342054core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 09342054core:PreviouslyStatedAmount2024-12-31 09342054core:PreviouslyStatedAmount2023-12-31 09342054business:SmallEntities2024-01-012024-12-31 09342054countries:EnglandWales2024-01-012024-12-31 09342054core:PlantMachinery2024-01-012024-12-31 09342054core:FurnitureFittings2024-01-012024-12-31 09342054core:ComputerEquipment2024-01-012024-12-31 09342054core:PlantMachinery2023-12-31 09342054core:FurnitureFittings2023-12-31 09342054core:ComputerEquipment2023-12-31 09342054core:PlantMachinery2024-12-31 09342054core:FurnitureFittings2024-12-31 09342054core:ComputerEquipment2024-12-31 093420542023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 09342054 (England and Wales)
Fastnet Europe Limited Unaudited accounts for the year ended 31 December 2024
Fastnet Europe Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Fastnet Europe Limited Company Information for the year ended 31 December 2024
Director
R Lavelle
Company Number
09342054 (England and Wales)
Registered Office
SUNRISE EVERSLEY ROAD ARBORFIELD CROSS READING RG2 9PQ
Accountants
Easy Accountants New Forest Enterprise Centre Rushington Business Park Totton Hampshire SO40 9LA
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Fastnet Europe Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
4,891 
5,078 
Current assets
Debtors
5
(47)
44 
Investments
6
50 
50 
Cash at bank and in hand
60,889 
39,412 
60,892 
39,506 
Creditors: amounts falling due within one year
7
(28,727)
(17,787)
Net current assets
32,165 
21,719 
Net assets
37,056 
26,797 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
37,046 
26,787 
Shareholders' funds
37,056 
26,797 
For the year ending 31 December 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 7 September 2025 and were signed on its behalf by
R Lavelle Director Company Registration No. 09342054
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Fastnet Europe Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Fastnet Europe Limited is a private company, limited by shares, registered in England and Wales, registration number 09342054. The registered office is SUNRISE EVERSLEY ROAD, ARBORFIELD CROSS, READING, RG2 9PQ.
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 remained unchanged from the previous year, and also 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:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
1,820 
2,600 
10,073 
14,493 
Additions
- 
1,075 
551 
1,626 
At 31 December 2024
1,820 
3,675 
10,624 
16,119 
Depreciation
At 1 January 2024
1,637 
1,581 
6,197 
9,415 
Charge for the year
183 
523 
1,107 
1,813 
At 31 December 2024
1,820 
2,104 
7,304 
11,228 
Net book value
At 31 December 2024
- 
1,571 
3,320 
4,891 
At 31 December 2023
183 
1,019 
3,876 
5,078 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
(47)
44 
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Fastnet Europe Limited Notes to the Accounts for the year ended 31 December 2024
6
Investments held as current assets
2024 
2023 
£ 
£ 
Unlisted investments
50 
50 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
131 
220 
VAT
5,257 
2,793 
Taxes and social security
19,684 
9,336 
Loans from directors
302 
2,215 
Accruals
3,353 
3,223 
28,727 
17,787 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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