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Company Registration No. 01824336 (England and Wales)
Mintspeed Limited Unaudited accounts for the year ended 31 July 2025
Mintspeed Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Mintspeed Limited Company Information for the year ended 31 July 2025
Director
Paul Barker
Secretary
Mengham Secretarial Agencies
Company Number
01824336 (England and Wales)
Registered Office
202 Walmer Road Portsmouth Hampshire PO1 5AU England
Accountants
PGB Accountancy Limited 202 Walmer Road Fratton Portsmouth Hampshire PO1 5AU
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Mintspeed Limited Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Current assets
Inventories
18,241
28,637
Debtors
5
8,992
513
Cash at bank and in hand
54,048
26,587
81,281
55,737
Creditors: amounts falling due within one year
6
(7,181)
(6,528)
Net current assets
74,100
49,209
Net assets
74,100
49,209
Capital and reserves
Called up share capital
100
100
Profit and loss account
74,000
49,109
Shareholders' funds
74,100
49,209
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 14 April 2026 and were signed on its behalf by
Paul Barker Director Company Registration No. 01824336
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Mintspeed Limited Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Mintspeed Limited is a private company, limited by shares, registered in England and Wales, registration number 01824336. The registered office is 202 Walmer Road, Portsmouth, Hampshire, PO1 5AU, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
25% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 August 2024
15,451
At 31 July 2025
15,451
Depreciation
At 1 August 2024
15,451
At 31 July 2025
15,451
Net book value
At 31 July 2025
-
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Mintspeed Limited Notes to the Accounts for the year ended 31 July 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
1,153
513
Trade debtors
1,275
-
Other debtors
6,564
-
8,992
513
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
259
3,577
Taxes and social security
6,787
2,951
Other creditors
135
-
7,181
6,528
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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