REGISTERED NUMBER: 08763059 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Speedwear Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Mr Jodi Kirkham

Mrs Jade Kirkham

REGISTERED OFFICE:

395-397 Woodchurch Road

Prenton

Merseyside

CH42 8PF

REGISTERED NUMBER:

08763059 (England and Wales)

ACCOUNTANTS:

Cheryl Bostock & Company Accountants Limited

395-397 Woodchurch Road

Prenton

Birkenhead

Merseyside

FIXED ASSETS

Intangible assets

4

564

-

Tangible assets

5

155

206

719

206

CURRENT ASSETS

Stocks

6

30,119

39,426

Debtors

7

2,514

3,223

Cash at bank

18,890

12,210

51,523

54,859

CREDITORS

Amounts falling due within one year

8

12,054

9,963

NET CURRENT ASSETS

39,469

44,896

TOTAL ASSETS LESS CURRENT LIABILITIES

40,188

45,102

CREDITORS

Amounts falling due after more than one year

9

(10,648

)

(13,426

)

PROVISIONS FOR LIABILITIES

10

(29

)

(39

)

NET ASSETS

29,511

31,637

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

29,411

31,537

SHAREHOLDERS' FUNDS

29,511

31,637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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 13 August 2026 and were signed on its behalf by:

Mr Jodi Kirkham - Director

1.	STATUTORY INFORMATION

Speedwear Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

20% on cost

Computer equipment

-

20% on reducing balance

Stocks

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

Additions

564

At 30 November 2025

564

NET BOOK VALUE

At 30 November 2025

564

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 December 2024

and 30 November 2025

2,708

1,582

4,290

DEPRECIATION

At 1 December 2024

2,707

1,377

4,084

Charge for year

-

51

51

At 30 November 2025

2,707

1,428

4,135

NET BOOK VALUE

At 30 November 2025

1

154

155

At 30 November 2024

1

205

206

6.

STOCKS

30.11.25

30.11.24

£

£

Stocks

30,119

39,426

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

360

123

Paypal Account

1,167

1,875

Amazon Account

160

176

Shopify Account

451

612

VAT

-

437

Prepayments

376

-

2,514

3,223

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

2,778

2,778

Trade creditors

1,451

313

Tax

-

103

Social security and other taxes

96

-

VAT

129

-

Directors' current accounts

5,375

4,359

Accrued expenses

2,225

2,410

12,054

9,963

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans - 1-2 years

2,778

2,778

Bank loans - 2-5 years

7,870

8,333

Bank loans more 5 yr by instal

-

2,315

10,648

13,426

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

2,315

10.	PROVISIONS FOR LIABILITIES

30.11.25

30.11.24

£

£

Deferred tax

29

39

Deferred

tax

£

Balance at 1 December 2024

39

Credit to Income Statement during year

(10

)

Balance at 30 November 2025

29

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

100

Ordinary

1

100

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2025 set out on pages two to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Cheryl Bostock & Company Accountants Limited

395-397 Woodchurch Road

Prenton

Birkenhead

Merseyside

13 August 2026