Company Registration No. 09120380 (England and Wales)
Chiselspeed Tuning Limited
Unaudited accounts
for the year ended 31 August 2025
Chiselspeed Tuning Limited
Unaudited accounts
Contents
Chiselspeed Tuning Limited
Statement of financial position
as at 31 August 2025
Tangible assets
5,727
7,077
Cash at bank and in hand
23,042
13,350
Creditors: amounts falling due within one year
(55,543)
(55,877)
Net current liabilities
(5,469)
(6,448)
Called up share capital
100
100
Profit and loss account
158
529
Shareholders' funds
258
629
For the year ending 31 August 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 8 January 2026 and were signed on its behalf by
Martin Cook
Director
Company Registration No. 09120380
Chiselspeed Tuning Limited
Notes to the Accounts
for the year ended 31 August 2025
Chiselspeed Tuning Limited is a private company, limited by shares, registered in England and Wales, registration number 09120380. The registered office is Enterprise Industrial Estate Aberford Rd, Barwick In Elmet, Leeds, West Yorkshire, LS15 4EF.
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.
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.
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
25% on Reducing Balance
Motor vehicles
25% on Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Chiselspeed Tuning Limited
Notes to the Accounts
for the year ended 31 August 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2024
31,954
8,835
40,789
At 31 August 2025
31,954
8,835
40,789
At 1 September 2024
25,355
8,357
33,712
Charge for the year
871
479
1,350
At 31 August 2025
26,226
8,836
35,062
At 31 August 2025
5,728
(1)
5,727
At 31 August 2024
6,599
478
7,077
Amounts falling due within one year
Trade debtors
3,654
10,131
Accrued income and prepayments
-
423
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
11,281
10,528
Taxes and social security
18,924
17,462
Other creditors
25,338
27,887
7
Average number of employees
During the year the average number of employees was 3 (2024: 3).