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Company Registration No. 05700160 (England and Wales)
Speed CNC limited Unaudited accounts for the year ended 31 March 2025
Speed CNC limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Speed CNC limited Company Information for the year ended 31 March 2025
Directors
Mr S Lauder Mrs S Lauder
Company Number
05700160 (England and Wales)
Registered Office
24 Chestnut Avenue Staplehurst Tonbridge Kent TN12 0NJ England
- 3 -
Speed CNC limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
-
287
Current assets
Debtors
5
6,262
8,175
Cash at bank and in hand
12
-
6,274
8,175
Creditors: amounts falling due within one year
6
(39,987)
(39,879)
Net current liabilities
(33,713)
(31,704)
Net liabilities
(33,713)
(31,417)
Capital and reserves
Called up share capital
3
3
Profit and loss account
(33,716)
(31,420)
Shareholders' funds
(33,713)
(31,417)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 27 October 2025 and were signed on its behalf by
Mr S Lauder Director Company Registration No. 05700160
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Speed CNC limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Speed CNC limited is a private company, limited by shares, registered in England and Wales, registration number 05700160. The registered office is 24 Chestnut Avenue, Staplehurst, Tonbridge, Kent, TN12 0NJ, England.
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
15% reducing balance
Motor vehicles
4 years
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
4,187
12,625
450
17,262
Disposals
-
-
(450)
(450)
At 31 March 2025
4,187
12,625
-
16,812
Depreciation
At 1 April 2024
3,900
12,625
450
16,975
Charge for the year
287
-
-
287
On disposals
-
-
(450)
(450)
At 31 March 2025
4,187
12,625
-
16,812
Net book value
At 31 March 2025
-
-
-
-
At 31 March 2024
287
-
-
287
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Speed CNC limited Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
1,265
8,175
Other debtors
4,997
-
6,262
8,175
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
4,847
6,073
Trade creditors
117
1,281
Taxes and social security
(522)
2,622
Other creditors
235
708
Loans from directors
34,200
28,275
Accruals
1,110
920
39,987
39,879
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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