Registration number: 08782383

Nomadic Speed Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Nomadic Speed Limited

Company Information

Directors

G Martin S C Comiskey

Registered office

Waynflete House 139 Eastgate Louth Lincolnshire LN11 9QQ

Nomadic Speed Limited

(Registration number: 08782383)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	1,940	2,668
Tangible assets	5	1,133,335	1,189,336
Other financial assets	6	383,294	344,378
		1,518,569	1,536,382
Current assets
Debtors	7	25,629	106,548
Cash at bank and in hand		1,187,429	909,371
		1,213,058	1,015,919
Creditors: Amounts falling due within one year	8	(166,543)	(203,978)
Net current assets		1,046,515	811,941
Total assets less current liabilities		2,565,084	2,348,323
Provisions for liabilities		(193,568)	(206,253)
Net assets		2,371,516	2,142,070
Capital and reserves
Called up share capital	9	1	1
Retained earnings		2,371,515	2,142,069
Shareholders' funds		2,371,516	2,142,070

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 July 2026 and signed on its behalf by:
 

......................................... G Martin Director

Nomadic Speed Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Waynflete House
139 Eastgate
Louth
Lincolnshire
LN11 9QQ

These financial statements were authorised for issue by the Board on 23 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Nomadic Speed Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Classic cars and bikes	10% straight line
Motor vehicles	25% reducing balance
Office equipment	25% reducing balance
Land and buildings	0% and 10% straight line basis

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Trademarks & Website	5/10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Nomadic Speed Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2024 - 2).

Nomadic Speed Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Intangible assets

	Trademarks  £	Total £
Cost or valuation
At 1 January 2025	32,425	32,425
At 31 December 2025	32,425	32,425
Amortisation
At 1 January 2025	29,757	29,757
Amortisation charge	728	728
At 31 December 2025	30,485	30,485
Carrying amount
At 31 December 2025	1,940	1,940
At 31 December 2024	2,668	2,668

5	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	535,509	3,367	867,827	189,826	139,871	1,736,400
Additions	-	399	-	28,389	147,000	175,788
Disposals	-	-	-	-	(66,000)	(66,000)
At 31 December 2025	535,509	3,766	867,827	218,215	220,871	1,846,188
Depreciation
At 1 January 2025	184,039	1,201	176,413	123,956	61,455	547,064
Charge for the year	32,067	616	79,734	13,518	45,354	171,289
Eliminated on disposal	-	-	-	-	(5,500)	(5,500)
At 31 December 2025	216,106	1,817	256,147	137,474	101,309	712,853
Carrying amount
At 31 December 2025	319,403	1,949	611,680	80,741	119,562	1,133,335
At 31 December 2024	351,470	2,166	691,414	65,870	78,416	1,189,336

Included within the net book value of land and buildings above is £319,403 (2024 - £351,470) in respect of freehold land and buildings.
 

Nomadic Speed Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6	Investments

	Financial assets at fair value through profit and loss £	Total £
Cost or valuation
At 1 January 2025	344,378	344,378
Fair value adjustments	38,916	38,916
At 31 December 2025	383,294	383,294
Carrying amount
At 31 December 2025	383,294	383,294

7

Debtors

Current	2025 £	2024 £
Trade debtors	12,700	2,487
Prepayments	3,883	5,082
Other debtors	9,046	98,979
	25,629	106,548

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	11,176	42,562
Trade creditors		-	30,042
Taxation and social security		127,284	127,489
Accruals and deferred income		28,083	3,600
Other creditors		-	285
		166,543	203,978

Nomadic Speed Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

10	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	11,176	42,562