Speedy Fixings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03812498 (England and Wales)

Speedy Fixings Limited

Unaudited Financial Statements

for the year ended

31 March 2026

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

5

FIXED ASSETS

Property, plant and equipment

4

23,316

33,936

CURRENT ASSETS

Stocks

271,042

270,591

Debtors

5

158,053

173,560

Cash at bank and in hand

268,121

365,091

697,216

809,242

CREDITORS

Amounts falling due within one year

6

(465,990

)

(448,863

)

NET CURRENT ASSETS

231,226

360,379

TOTAL ASSETS LESS CURRENT LIABILITIES

254,542

394,315

PROVISIONS FOR LIABILITIES

(5,678

)

(8,386

)

NET ASSETS

248,864

385,929

CAPITAL AND RESERVES

Called up share capital

80

Retained earnings

248,784

385,849

248,864

385,929

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2026 and were signed on its behalf by:

Mr K P Burgess - Director

1.	STATUTORY INFORMATION

Speedy Fixings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03812498

Registered office:

Town Wall House

Balkerne Hill

Colchester

Essex

CO3 3AD

For the purposes of presentation, the financial statements are rounded to the nearest Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is the total amount receivable by the company for goods supplied and services provided, excluding VAT and trade discounts.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over is estimated useful life.

Website

- 33% on cost

Fixtures and fittings

- 15% on cost

Motor vehicles

- 25% on cost

Computer equipment

- 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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 future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2025 - 11 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Motor

Computer

Website

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2025

35,844

5,146

23,662

61,605

126,257

Additions

-

3,789

At 31 March 2026

35,844

5,146

23,662

65,394

130,046

DEPRECIATION

At 1 April 2025

35,844

4,432

19,279

32,766

92,321

Charge for year

-

245

1,883

12,281

14,409

At 31 March 2026

35,844

4,677

21,162

45,047

106,730

NET BOOK VALUE

At 31 March 2026

-

469

2,500

20,347

23,316

At 31 March 2025

-

714

4,383

28,839

33,936

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

147,671

164,199

Prepayments and accrued income

10,382

9,361

158,053

173,560

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

78,605

99,626

Amounts due to related undertaking

292,524

221,286

Amounts due to parent

220

Corporation tax

41,231

69,527

Other tax and social security

47,307

43,636

Other creditors

1,754

2,147

Directors' current accounts

809

9,365

Accruals and deferred income

3,540

3,056

465,990

448,863

7.	RELATED PARTY DISCLOSURES

B.I.G. (Brackets and Bolts) Limited

B.I.G. (Brackets and Bolts) Limited is under common ownership with the Company through the controlling interest of Mr K Burgess.

During the year, the Company was advanced £71,238 (2025: £185,600) from B.I.G. (Brackets and Bolts) Limited and made repayments of £Nil (2025: £105,600). Invoices were received from B.I.G. (Brackets and Bolts) Limited totalling £288,000 (2025: £288,000) inclusive of the standard rate of VAT and total payments were made in relation to these invoices of £288,000 (2025: £288,000).

At the year end, a balance was due to B.I.G. (Brackets and Bolts) Limited of £292,524 (2025: £221,286).This amount is unsecured, interest-free and repayable on demand.