FAST-TRACK TELECOM LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 NOVEMBER 2025
Company Registration Number: 07068598
FAST-TRACK TELECOM LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
CONTENTS PAGES
Company information 1
Balance sheet 2 to 3
Notes to the financial statements 4 to 9
FAST-TRACK TELECOM LIMITED
COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2025
DIRECTOR
Mr S Jackson
SECRETARY
The company does not have an appointed secretary
REGISTERED OFFICE
C9 Glyme Court
Oxford Office Village
Langford Lane
Kidlington
Oxford
OX5 1LQ
COMPANY REGISTRATION NUMBER
07068598 England and Wales
FAST-TRACK TELECOM LIMITED
BALANCE SHEET
AS AT 30 NOVEMBER 2025
Notes 2025 2024
£ £
FIXED ASSETS
Intangible assets 5 1,862 2,327
Tangible assets 6 23,228 17,265
25,090 19,592
CURRENT ASSETS
Debtors 7 137,106 66,069
Cash at bank and in hand 25,440 40,854
162,546 106,923
CREDITORS: Amounts falling due within one year 8 103,347 92,746
NET CURRENT ASSETS 59,199 14,177
TOTAL ASSETS LESS CURRENT LIABILITIES 84,289 33,769
CREDITORS: Amounts falling due after more than one year 9 25,348 31,502
Provisions for liabilities and charges 3,843 1,951
NET ASSETS 55,098 316
CAPITAL AND RESERVES
Called up share capital 100 100
Distributable profit and loss account 54,997 215
Capital redemption reserve 1 1
SHAREHOLDERS' FUNDS 55,098 316
FAST-TRACK TELECOM LIMITED
BALANCE SHEET
AS AT 30 NOVEMBER 2025
These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.
Signed on behalf of the board
Mr S Jackson
Director
Date approved by the board: 8 July 2026
FAST-TRACK TELECOM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
1 GENERAL INFORMATION
Fast-Track Telecom Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
C9 Glyme Court
Oxford Office Village
Langford Lane
Kidlington
Oxford
OX5 1LQ
The financial statements are presented in Sterling, which is the functional currency of the company.
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of preparation of financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.
Revenue recognition
Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of telecommunications services as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts and value added tax.
The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.
Intangible fixed assets
Intangible fixed assets, other than goodwill, are stated at cost less accumulated amortisation and any accumulated impairment losses.
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 expectations.
FAST-TRACK TELECOM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Tangible fixed assets
Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.
Depreciation has been provided at the following rates so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.
Plant and machinery 20% Reducing balance
Computer equipment 20% Reducing balance
Motor vehicles 25% Reducing balance
On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.
Financial Instruments
A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.
Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.
Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.
Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.
Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
FAST-TRACK TELECOM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.
If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.
Debtors
Short term debtors are measured at transaction price, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other taxable profits.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Current and deferred tax assets and liabilities are not discounted.
FAST-TRACK TELECOM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
3 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
No significant accounting estimates and judgements have had to be made by the director in preparing these financial statements.
4 EMPLOYEES
The average number of persons employed by the company (including directors) during the year was:
2025 2024
Average number of employees 1 2
5 INTANGIBLE FIXED ASSETS
Website
£
Cost
At 1 December 2024 2,327
At 30 November 2025 2,327
Accumulated amortisation and impairments
Charge for year 465
At 30 November 2025 465
Net book value
At 1 December 2024 2,327
At 30 November 2025 1,862
FAST-TRACK TELECOM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
6 TANGIBLE ASSETS
Plant and machinery Computer equipment Motor vehicles Total
£ £ £ £
Cost
At 1 December 2024 36,972 4,017 1,000 41,989
Additions 5,000 4,942 - 9,942
At 30 November 2025 41,972 8,959 1,000 51,931
Accumulated depreciation and impairments
At 1 December 2024 23,339 1,302 83 24,724
Charge for year 2,893 857 229 3,979
At 30 November 2025 26,232 2,159 312 28,703
Net book value
At 1 December 2024 13,633 2,715 917 17,265
At 30 November 2025 15,740 6,800 688 23,228
7 DEBTORS
2025 2024
£ £
Trade debtors 19,783 3,122
Prepayments and accrued income 706 591
Other debtors 116,617 62,356
137,106 66,069
8 CREDITORS: Amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 6,895 7,437
Trade creditors 9,938 15,348
Taxation and social security 75,466 52,933
Accruals and deferred income 3,501 3,501
Other creditors 7,547 13,527
103,347 92,746
FAST-TRACK TELECOM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
9 CREDITORS: Amounts falling due after more than one year
2025 2024
£ £
Bank loans and overdrafts 25,348 31,502
10 DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
The following director's advances, credits and guarantees took place during the year
Balance at 1 December 2024 Amounts advanced Amounts repaid Amounts written off or waived Balance at 30 November 2025
£ £ £ £ £
Mr S Jackson 58,481 103,494 62,925 - 99,050
Interest has been charged on this advance at the Beneficial Loan Arrangement Official Rate as prescribed by HM Revenue and Customs. The advance is repayable on demand.
11 RELATED PARTY TRANSACTIONS
During the year, the following transactions with related parties took place:
Toad Hall Day Nursery (Bicester) Limited
Company under control of close family member 2025 2024
£ £
Amounts owed from the company 861 1,198
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