Warpspeed Developments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 4690397

Warpspeed Developments Limited

Filleted Unaudited Financial Statements

31 March 2026

Warpspeed Developments Limited

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	6		7,035	7,067

Current assets

Debtors	7	12,603	13,766
Cash at bank and in hand		13,435	14,254
		--------	--------
		26,038	28,020

Creditors: amounts falling due within one year	8	22,887		25,372
		--------		--------
Net current assets			3,151	2,648
			--------	-------
Total assets less current liabilities			10,186	9,715

Provisions

Taxation including deferred tax	1,489	1,517
	--------	-------
Net assets	8,697	8,198
	--------	-------

Capital and reserves

Called up share capital	2	2
Profit and loss account	8,695	8,196
	-------	-------
Shareholder funds	8,697	8,198
	-------	-------

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 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Warpspeed Developments Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 16 July 2026 , and are signed on behalf of the board by:

Mr I M Brown

Director

Company registration number: 4690397

Warpspeed Developments Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Mannin Way, Lancaster Business Park, Caton Road, Lancaster, LA1 3SW.

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 is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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:

Engineering Software	-	25% reducing balance
Engineering Equipment	-	25% reducing balance
Motor Vehicles	-	25% reducing balance
Office Equipment	-	25% reducing balance

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2025: 2 ).

5. Tax on profit

Major components of tax expense

	2026	2025
	£	£

Current tax:

UK current tax expense	14,909	15,964

Deferred tax:

Origination and reversal of timing differences	( 27)	( 218)
	--------	--------
Tax on profit	14,882	15,746
	--------	--------

6. Tangible assets

Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
£	£	£	£	£

Cost
At 1 April 2025	11,150	4,486	17,847	14,480	47,963
Additions	–	–	–	2,340	2,340
Disposals	–	–	–	( 188)	( 188)
	--------	-------	--------	--------	--------
At 31 March 2026	11,150	4,486	17,847	16,632	50,115
	--------	-------	--------	--------	--------
Depreciation
At 1 April 2025	10,184	4,134	13,612	12,966	40,896
Charge for the year	242	88	1,059	957	2,346
Disposals	–	–	–	( 162)	( 162)
	--------	-------	--------	--------	--------
At 31 March 2026	10,426	4,222	14,671	13,761	43,080
	--------	-------	--------	--------	--------
Carrying amount
At 31 March 2026	724	264	3,176	2,871	7,035
	--------	-------	--------	--------	--------
At 31 March 2025	966	352	4,235	1,514	7,067
	--------	-------	--------	--------	--------

7. Debtors

	2026	2025
	£	£

Trade debtors	12,149	13,242
Prepayments and accrued income	454	524
	--------	--------
	12,603	13,766
	--------	--------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£

Trade creditors	–	1,575
Accruals and deferred income	1,110	1,049
Corporation tax	14,908	15,964
Social security and other taxes	6,706	6,557
Director loan accounts	163	227
	--------	--------
	22,887	25,372
	--------	--------