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Registered Number: 12413053
England and Wales
SPEED DROP GLOBAL LTD
Abridged Accounts
Period of accounts Start date: 01 February 2024 End date: 31 January 2025

SPEED DROP GLOBAL LTD Contents Page For the year ended 31 January 2025
Statement of financial position | 1
Notes to the financial statements | 2

SPEED DROP GLOBAL LTD Statement of Financial Position As at 31 January 2025
| Notes | 2025 £ |  | 2024 £
--- | --- | --- | --- | ---
Fixed assets |  |  |
Tangible fixed assets | 3 | 31,493 |  | 34,992
|  | 31,493 |  | 34,992
Current assets |  |  |
Debtors |  | 776,887 |  | 831,213
Cash at bank and in hand |  | 750,087 |  | 99,159
|  | 1,526,974 |  | 930,372
Creditors: amount falling due within one year |  | (1,212,216) |  | (785,127)
Net current assets |  | 314,758 |  | 145,245
Total assets less current liabilities |  | 346,251 |  | 180,237
Net assets |  | 346,251 |  | 180,237
Capital and reserves |  |  |
Called up share capital |  | 1 |  | 1
Profit and loss account |  | 346,250 |  | 180,236
Shareholders' funds |  | 346,251 |  | 180,237
For the year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Director's responsibilities: The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These 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 to the Registrar of Companies. The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A). The financial statements were approved by the director on 26 September 2025 and were signed by:
------------------------------- SHAFI Ibrahim Mohammed Director
1

SPEED DROP GLOBAL LTD Notes to the Abridged Financial Statements For the year ended 31 January 2025
General Information SPEED DROP GLOBAL LTD is a private company, limited by shares, registered in England and Wales, registration number 12413053, registration address Unit 2 Quarry Street, Blackburn, BB1 5DE. The presentation currency is £ sterling.
1. | Accounting policies Significant accounting policies Statement of compliance These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Basis of preparation The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company. Turnover Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Taxation Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted Tangible fixed assets Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery etc | 10%
2. | Average number of employees Average number of employees during the year was 22 (2024 : 15).
3. | Tangible fixed assets
Cost or valuation | Plant and machinery etc |  | Total
| £ |  | £
At 01 February 2024 | 48,000 |  | 48,000
Additions | - |  | -
Disposals | - |  | -
At 31 January 2025 | 48,000 |  | 48,000
Depreciation
At 01 February 2024 | 13,008 |  | 13,008
Charge for year | 3,499 |  | 3,499
On disposals | - |  | -
At 31 January 2025 | 16,507 |  | 16,507
Net book values
Closing balance as at 31 January 2025 | 31,493 |  | 31,493
Opening balance as at 01 February 2024 | 34,992 |  | 34,992
2