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Registration number: 04296176

Speed 8941 Limited
trading as Spring Lane Glass And Glazing
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Speed 8941 Limited
trading as Spring Lane Glass And Glazing

Contents

Company Information | 1
Accountants' Report | 2
Statement of Financial Position | 3 to 4
Notes to the Unaudited Financial Statements | 5 to 10

Speed 8941 Limited
trading as Spring Lane Glass And Glazing

Company Information

Director | M Hamill

Company secretary | Mrs A L Hamill

Registered office | 29 Southrise Carshalton Beeches Surrey SM5 4PD

Accountants | Innovi Advisors Ltd Chartered Certified Accountants163 Herne Hill London SE24 9LR

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Speed 8941 Limited
trading as Spring Lane Glass And Glazing
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Speed 8941 Limited for the year ended 31 March 2025 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Speed 8941 Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Speed 8941 Limited and state those matters that we have agreed to state to the Board of Directors of Speed 8941 Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Speed 8941 Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Speed 8941 Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Speed 8941 Limited. You consider that Speed 8941 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Speed 8941 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Innovi Advisors Ltd
Chartered Certified Accountants
163 Herne Hill
London
SE24 9LR

14 October 2025

Speed 8941 Limited
trading as Spring Lane Glass And Glazing

(Registration number: 04296176)
Statement of Financial Position as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 11,926 | 21,481
Current assets |  |  |
Stocks | 6 | 7,465 | 7,757
Debtors | 7 | 5,351 | 44,800
Cash at bank and in hand |  | 111,810 | 111,349
|  | 124,626 | 163,906
Creditors: Amounts falling due within one year | 8 | (124,336) | (172,907)
Net current assets/(liabilities) |  | 290 | (9,001)
Net assets |  | 12,216 | 12,480
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 12,116 | 12,380
Shareholders' funds |  | 12,216 | 12,480

Speed 8941 Limited
trading as Spring Lane Glass And Glazing

(Registration number: 04296176)
Statement of Financial Position as at 31 March 2025 (continued)

For the financial year ending 31 March 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; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 14 October 2025

M Hamill Director |  |

Speed 8941 Limited
trading as Spring Lane Glass And Glazing

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
29 Southrise
Carshalton Beeches
Surrey
SM5 4PD

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest Pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Speed 8941 Limited
trading as Spring Lane Glass And Glazing

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor Vehicles | 33% per annum, straight line basis
Office Equipment | 25% per annum, straight line basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 10% per annum, straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Speed 8941 Limited
trading as Spring Lane Glass And Glazing

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Speed 8941 Limited
trading as Spring Lane Glass And Glazing

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities, or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 April 2024 | 19,600 | 19,600
At 31 March 2025 | 19,600 | 19,600
Amortisation
At 1 April 2024 | 19,600 | 19,600
At 31 March 2025 | 19,600 | 19,600
Carrying amount
At 31 March 2025 | - | -

Speed 8941 Limited
trading as Spring Lane Glass And Glazing

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5 | Tangible assets

| Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 18,464 | 23,585 | 42,049
At 31 March 2025 | 18,464 | 23,585 | 42,049
Depreciation
At 1 April 2024 | 16,692 | 3,876 | 20,568
Charge for the year | 1,772 | 7,783 | 9,555
At 31 March 2025 | 18,464 | 11,659 | 30,123
Carrying amount
At 31 March 2025 | - | 11,926 | 11,926
At 31 March 2024 | 1,772 | 19,709 | 21,481

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 7,465 | 7,757

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 497 | 39,977
Prepayments | 4,854 | 4,823
| 5,351 | 44,800

Speed 8941 Limited
trading as Spring Lane Glass And Glazing

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 5,568 | 3,117
Taxation and social security | 11,279 | 27,728
Accruals and deferred income | 1,395 | 1,370
Other creditors | 106,094 | 140,692
| 124,336 | 172,907