Speedstyle (UK) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05184682

Speedstyle (UK) Limited

Filleted Unaudited Financial Statements

30 September 2025

Speedstyle (UK) Limited

Financial Statements

Year Ended 30 September 2025

Contents	Page

Director's Report	1

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements	3

Statement of Financial Position	4

Notes to the Financial Statements	6

Speedstyle (UK) Limited

Director's Report

Year Ended 30 September 2025

The director presents his report and the unaudited financial statements of the company for the year ended 30 September 2025 .

Principal Activities

The principal activity of the company during the year was the sale of motorcycle accessories. Business Review and Future Developments In this financial period Speedstyle UK Ltd has made a loss, this due to the uncertain economic period which includes, but is not limited to, the ongoing effects of Covid and the Cost-Of-Living Crisis. It is clear the above factors have led to a downturn in the company's trading. Moving forward the company will be streamlined to suit its needs along with growth strategies towards its specific strengths. Operating with a view to return to profit whilst protecting itself from any further issues with this or future uncertain economic period.

Director

The director who served the company during the year was as follows:

J D Sykes

Small Company Provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 18 June 2026 and signed on behalf of the board by:

J D Sykes
Director

Registered office:

Newthorpe Lane

Newthorpe

South Milford

Leeds

LS25 5LX

Speedstyle (UK) Limited

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Speedstyle (UK) Limited

Year Ended 30 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Speedstyle (UK) Limited for the year ended 30 September 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Speedstyle (UK) Limited in accordance with the terms of our engagement letter dated 2 May 2008. Our work has been undertaken solely to prepare for your approval the financial statements of Speedstyle (UK) Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Speedstyle (UK) Limited and its director for our work or for this report.

It is your duty to ensure that Speedstyle (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Speedstyle (UK) Limited. You consider that Speedstyle (UK) Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Speedstyle (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

WYATT & CO Chartered Accountants

125 Main Street Garforth Leeds LS25 1AF

18 June 2026

Speedstyle (UK) Limited

Statement of Financial Position

30 September 2025

	2025		2024
Note	£	£	£

Fixed Assets

Tangible assets	6		1,043	1,287

Current Assets

Stocks		78,310	56,884
Debtors	7	14,107	11,170
Cash at bank and in hand		16,419	8,643
		-----------	---------
		108,836	76,697

Creditors: amounts falling due within one year	8	159,895		109,379
		-----------		-----------
Net Current Liabilities			51,059	32,682
			---------	---------
Total Assets Less Current Liabilities			( 50,016)	( 31,395)

Provisions

Taxation including deferred tax	346	346
	---------	---------
Net Liabilities	( 50,362)	( 31,741)
	---------	---------

Capital and Reserves

Called up share capital	2	2
Profit and loss account	( 50,364)	( 31,743)
	---------	---------
Shareholders Deficit	( 50,362)	( 31,741)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Speedstyle (UK) Limited

Statement of Financial Position (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 18 June 2026 , and are signed on behalf of the board by:

J D Sykes
Director

Company registration number: 05184682

Speedstyle (UK) Limited

Notes to the Financial Statements

Year Ended 30 September 2025

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Newthorpe Lane, Newthorpe, South Milford, Leeds, LS25 5LX.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue Recognition

Turnover comprises the value of goods and services supplied by the company during the period, net of Value Added Tax, trade discounts, and is credited based on the amount which is proportionate to the relevant period under the terms of UITF40.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property	-	20% straight line
Platn and machinery	-	20% reducing balance
Fixturs and fittings	-	20% reducing balance

	Equipment	-	20% reducing balance

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial Instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Intangible Assets

	Goodwill
	£
Cost
At 1 October 2024 and 30 September 2025	75,000
	---------
Amortisation
At 1 October 2024 and 30 September 2025	75,000
	---------
Carrying amount
At 30 September 2025	–
	---------
At 30 September 2024	–
	---------

6. Tangible Assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£	£
Cost
At 1 October 2024	40,582	234	37,611	1,589	80,016
Additions	–	–	68	–	68
	---------	-----	---------	--------	---------
At 30 September 2025	40,582	234	37,679	1,589	80,084
	---------	-----	---------	--------	---------
Depreciation
At 1 October 2024	40,582	234	36,781	1,132	78,729
Charge for the year	–	–	221	91	312
	---------	-----	---------	--------	---------
At 30 September 2025	40,582	234	37,002	1,223	79,041
	---------	-----	---------	--------	---------
Carrying amount
At 30 September 2025	–	–	677	366	1,043
	---------	-----	---------	--------	---------
At 30 September 2024	–	–	830	457	1,287
	---------	-----	---------	--------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	( 330)	( 330)
Other debtors	14,437	11,500
	---------	---------
	14,107	11,170
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	55,007	16,704
Trade creditors	92,854	78,168
Social security and other taxes	6,226	8,699
Other creditors	5,808	5,808
	-----------	-----------
	159,895	109,379
	-----------	-----------

9. Director's Advances, Credits and Guarantees

During the year the company provided a loan to one of the directors. The opening and balance was £8,005 and the closing and highest balance was £8,330. The loan was interest free and repayable on demand.

10. Related Party Transactions

There were no related party transactions during the year.