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Registered number: 12736153






SPEED ENERGY UK LTD


ACCOUNTS

FOR THE YEAR ENDED 31/03/2025
























Prepared By:
Speed Consultants Ltd
Licensed Accountant
954 Eastern Avenue
Ilford
Essex
IG2 7JD


ACCOUNTS
FOR THE YEAR ENDED 31/03/2025





DIRECTORS
Thanalingam Iyinkaran
Manickavasagam Sritharan


REGISTERED OFFICE
814 Alcester Road South
Birmingham
B14 5HH


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 12736153



ACCOUNTANTS
Speed Consultants Ltd
Licensed Accountant
954 Eastern Avenue
Ilford
Essex
IG2 7JD


ACCOUNTS
FOR THEYEARENDED31/03/2025



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/03/2025

			2025		2024
	Notes		£		£

FIXED ASSETS
Intangible assets	3		150,000		150,000
Tangible assets	4		1,642,201		1,673,577

			1,792,201		1,823,577

CURRENT ASSETS
Stock		113,000		140,196
Debtors	6	35,587		78,626
Cash at bank and in hand		245,157		211,179
		393,744		430,001
CREDITORS: Amounts falling due within one year	7	1,049,513		1,021,207
NET CURRENT LIABILITIES			(655,769)		(591,206)
TOTAL ASSETS LESS CURRENT LIABILITIES			1,136,432		1,232,371


CREDITORS: Amounts falling due after more than one year	8		702,209		872,721


PROVISIONS FOR LIABILITIES AND CHARGES	9		19,740		22,232

NET ASSETS			414,483		337,418

CAPITAL AND RESERVES

Called up share capital	10		4		4
Profit and loss account			414,479		337,414
SHAREHOLDERS' FUNDS			414,483		337,418

For the year ending 31/03/2025 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 24/04/2025 and signed on their behalf by



.............................
Manickavasagam Sritharan
Director




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and Fittings		reducing balance 15%
Equipment		reducing balance 20%




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




3. INTANGIBLE FIXED ASSETS

	Purchased
	Goodwill	Total
	£	£
Cost
At 01/04/2024	150,000	150,000
At 31/03/2025	150,000	150,000
Depreciation
At 31/03/2025	-	-
Net Book Amounts
At 31/03/2025	150,000	150,000
At 31/03/2024	150,000	150,000




4. TANGIBLE FIXED ASSETS

	Land And	Fixtures
	Buildings	and Fittings	Equipment	Total
	£	£	£	£
Cost
At 01/04/2024	1,465,718	331,863	6,841	1,804,422
At 31/03/2025	1,465,718	331,863	6,841	1,804,422
Depreciation
At 01/04/2024	-	127,950	2,895	130,845
For the year	-	30,587	789	31,376
At 31/03/2025	-	158,537	3,684	162,221
Net Book Amounts
At 31/03/2025	1,465,718	173,326	3,157	1,642,201
At 31/03/2024	1,465,718	203,913	3,946	1,673,577




5. STOCK	2025	2024
	£	£
Stock comprises:

Stock	113,000	140,196
	113,000	140,196




6. DEBTORS	2025	2024
	£	£
Amounts falling due within one year
Trade debtors	26,409	78,033
Amounts due from group companies	8,585	-
Prepayments	593	593
	35,587	78,626




7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2025	2024
	£	£
UK corporation tax	28,180	46,286
VAT	12,804	47,822
PAYE control	2,412	6,347
Salaries and wages control	1,701	2,508
Directors current account	492,446	506,376
Payments received on account	2,000	-
Trade creditors	267,454	261,868
Other creditors	200,000	150,000
Amounts due to group companies	42,516	-
	1,049,513	1,021,207




8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2025	2024
	£	£
Bank loans (secured) >1yr	696,764	736,897
Finance Leases >1yr	-	5,778
Finance Leases >1yr	2,361	89,957
Finance Leases >1yr	3,084	40,089
	702,209	872,721




9. PROVISIONS FOR LIABILITIES	2025	2024
	£	£
Deferred taxation	19,740	22,232
	19,740	22,232




2. EMPLOYEES

	2025	2024
	No.	No.
Average number of employees	5	6




10. SHARE CAPITAL	2025	2024
	£	£
Allotted, issued and fully paid:
4 Class 1 shares of £1 each	4	4
	4	4