SPEED DROP LOGISTICS LTD

SPEED DROP LOGISTICS LTD
Contents Page
For the year ended 31 October 2025

Statement of financial position	1
Notes to the financial statements	2

SPEED DROP LOGISTICS LTD
Statement of Financial Position
As at 31 October 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	795,957	707,544
		795,957	707,544
Current assets
Debtors		1,186,101	1,165,838
Cash at bank and in hand		748,720	6,769
		1,934,821	1,172,607
Creditors: amount falling due within one year		(75,837)	(105,925)
Net current assets		1,858,984	1,066,682

Total assets less current liabilities		2,654,941	1,774,226
Creditors: amount falling due after more than one year		(2,225,003)	(1,399,634)
Net assets		429,938	374,592

Capital and reserves
Called up share capital		100	100
Profit and loss account		429,838	374,492
Shareholders' funds		429,938	374,592

For the year ended 31 October 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 accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 28 November 2025 and were signed by:

-------------------------------
Ibrahim Mohammed Shafi
Director

1

SPEED DROP LOGISTICS LTD
Notes to the Abridged Financial Statements
For the year ended 31 October 2025

General Information

SPEED DROP LOGISTICS LTD is a private company, limited by shares, registered in , registration number 09824976, registration address Speed Drop, Manner Sutton Street, Blackburn, BB1 5DT.

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.

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:

Freehold Property	2% Straight Line
Motor Vehicles	20% Reducing Balance
Fixtures and Fittings	10% Reducing Balance

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

2.	Average number of employees Average number of employees during the year was 1 (2024 : 1).

3.

Tangible fixed assets

Cost or valuation	Freehold Property	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£	£
At 01 November 2024	535,068	391,799	73,918	1,000,785
Additions	-	108,174	-	108,174
Disposals	-	-	-	-
At 31 October 2025	535,068	499,973	73,918	1,108,959
Depreciation
At 01 November 2024	40,428	219,708	33,105	293,241
Charge for year	10,107	5,573	4,081	19,761
On disposals	-	-	-	-
At 31 October 2025	50,535	225,281	37,186	313,002
Net book values
Closing balance as at 31 October 2025	484,533	274,692	36,732	795,957
Opening balance as at 01 November 2024	494,640	172,091	40,813	707,544

2

Registered Number: 09824976

SPEED DROP LOGISTICS LTD

Abridged Accounts

Period of accounts Start date: 01 November 2024 End date: 31 October 2025