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
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
Speed CNC limited
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
12
-
Creditors: amounts falling due within one year
(39,987)
(39,879)
Net current liabilities
(33,713)
(31,704)
Net liabilities
(33,713)
(31,417)
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
Speed CNC limited
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 March 2025
4,187
12,625
-
16,812
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
At 31 March 2024
287
-
-
287
Speed CNC limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
4,847
6,073
Taxes and social security
(522)
2,622
Loans from directors
34,200
28,275
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).