Accounts

Company Registration Number : 03356686 (England and Wales)

Specialspeed Limited

Unaudited filleted financial statements

For the year ended 30 April 2026

Specialspeed Limited

Contents

For the year ended 30 April 2026

CONTENTS	PAGE
Company Information	3
Statement of Financial Position	4
Notes to the Financial Statements	5 - 6

Specialspeed Limited

Company Information

For the year ended 30 April 2026

Company registration number

03356686 (England and Wales)

Director

Darrell Crow

Registered office address

Rose Cottage, Church Lane

Legbourne

Louth

Lincolnshire

LN11 8LN

Accountant

Greenhalgh Johnson Ltd

Chartered Management Accountants

Elland House, 22 High Street

Burgh le Marsh, Skegness, Lincolnshire

PE245JT

Specialspeed Limited

Statement of Financial Position

For the year ended 30 April 2026

		2026	2025
	Notes	£	£
Fixed assets
Property, plant and equipment		7,348	7,382
	5	7,348	7,382

Current assets
Inventories		75	100
Debtors		221	7,640
Cash and cash equivalents		11,147	13,056
		11,443	20,795

Current liabilities
Creditors: Amounts falling due within one year		(1,958)	(8,081)
Corporation tax payable		(5,614)	(6,217)
		(7,573)	(14,298)

Net current assets/(liabilities)		3,870	6,497
Total assets less current liabilities		11,218	13,880

Non-current liabilities
Creditors: Amounts falling due after more than one year		(79)	(142)
Provisions for liabilities		(1,396)	(1,405)
Net assets/(liabilities)		9,743	12,333

Capital and reserves
Called up share capital		1	1
Retained earnings		9,742	12,332
Shareholder's funds		9,743	12,333


For the year ended 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A. The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
For the year ended 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.

Approved by the Board on 20 June 2026

.............................
Darrell Crow (Director)
Company registration number: 03356686

/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */


Balance sheet at 2026-04-30 30 April 2026

	2026	2025
	£	£


Fixed Assets	7,348	7,382


Current Assets	11,443	20,245
Cash in Hand/Bank	11,147	13,056

Prepayments and accrued income	0	550

Creditors: amounts falling due within one year	(7,573)	(14,298)

Net current assets/(liabilities)	3,870	6,497

Total assets less current liabilities	11,218	13,880

CREDITORS: Amounts falling due more than one year	(79)	(142)

Provisions for liabilities	(1,396)	(1,405)

Net Assets/(liabilities)	9,743	12,333



Capital and Reserves	9,743	12,333
Called up share capital	1	1
Profit and loss account	9,742	12,332
SHAREHOLDER'S FUND	9,743	12,333

For the year ending 30-04-2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board of directors on 20 June 2026 and signed on behalf of the board,



.............................

Darrell Crow
Director

Company registration number: 03356686

Specialspeed Limited

Notes to the Financial Statements

For the year ended 30 April 2026

(1) General Information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Rose Cottage, Church Lane, Legbourne, Louth, Lincolnshire, LN11 8LN.

(2) Statement of compliance

These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.

Property, plant and equipment

Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery	25% reducing balance
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles	25% reducing balance
Fixtures and Fittings	25% reducing balance
Equipment
Motor Cars

Inventories

Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.

Taxation

Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

Current Tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred Tax

A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of current and previous periods.

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. Timing differences result from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is recognised on all timing differences at the reporting date apart from certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

(4) Employees

During the year, the average number of employees including director was 1 (2025 : 1).

(5) Fixed assets

	Tangible £
Cost
As at 01 May 2025	48,672
Additions	2,416
As at 30 April 2026	51,088
Depreciation/Amortisation
As at 01 May 2025	41,290
For the year	2,450
As at 30 April 2026	43,740
Net book value
As at 30 April 2026	7,348
As at 30 April 2025	7,382