SPEEDY SPARES SERVICES LIMITED

SPEEDY SPARES SERVICES LIMITED

SPEEDY SPARES SERVICES LIMITED - Company Information

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2019-01-012019-12-312019-12-31false00857186SPEEDY SPARES SERVICES LIMITED2020-12-2145310iso4217:GBPxbrli:pure008571862019-01-01008571862019-12-31008571862019-01-012019-12-31008571862018-01-01008571862018-12-31008571862018-01-012018-12-3100857186bus:SmallEntities2019-01-012019-12-3100857186bus:AuditExempt-NoAccountantsReport2019-01-012019-12-3100857186bus:AbridgedAccounts2019-01-012019-12-3100857186bus:PrivateLimitedCompanyLtd2019-01-012019-12-3100857186core:WithinOneYear2019-12-3100857186core:AfterOneYear2019-12-3100857186core:WithinOneYear2018-12-3100857186core:AfterOneYear2018-12-3100857186core:ShareCapital2019-12-3100857186core:SharePremium2019-12-3100857186core:RevaluationReserve2019-12-3100857186core:OtherReservesSubtotal2019-12-3100857186core:RetainedEarningsAccumulatedLosses2019-12-3100857186core:ShareCapital2018-12-3100857186core:SharePremium2018-12-3100857186core:RevaluationReserve2018-12-3100857186core:OtherReservesSubtotal2018-12-3100857186core:RetainedEarningsAccumulatedLosses2018-12-3100857186core:LandBuildings2019-12-3100857186core:PlantMachinery2019-12-3100857186core:Vehicles2019-12-3100857186core:FurnitureFittings2019-12-3100857186core:OfficeEquipment2019-12-3100857186core:NetGoodwill2019-12-3100857186core:IntangibleAssetsOtherThanGoodwill2019-12-3100857186core:ListedExchangeTraded2019-12-3100857186core:UnlistedNon-exchangeTraded2019-12-3100857186core:LandBuildings2018-12-3100857186core:PlantMachinery2018-12-3100857186core:Vehicles2018-12-3100857186core:FurnitureFittings2018-12-3100857186core:OfficeEquipment2018-12-3100857186core:NetGoodwill2018-12-3100857186core:IntangibleAssetsOtherThanGoodwill2018-12-3100857186core:ListedExchangeTraded2018-12-3100857186core:UnlistedNon-exchangeTraded2018-12-3100857186core:LandBuildings2019-01-012019-12-3100857186core:PlantMachinery2019-01-012019-12-3100857186core:Vehicles2019-01-012019-12-3100857186core:FurnitureFittings2019-01-012019-12-3100857186core:OfficeEquipment2019-01-012019-12-3100857186core:NetGoodwill2019-01-012019-12-3100857186core:IntangibleAssetsOtherThanGoodwill2019-01-012019-12-3100857186core:ListedExchangeTraded2019-01-012019-12-3100857186core:UnlistedNon-exchangeTraded2019-01-012019-12-3100857186core:MoreThanFiveYears2019-01-012019-12-3100857186core:Non-currentFinancialInstruments2019-12-3100857186core:Non-currentFinancialInstruments2018-12-3100857186dpl:CostSales2019-01-012019-12-3100857186dpl:DistributionCosts2019-01-012019-12-3100857186dpl:AdministrativeExpenses2019-01-012019-12-3100857186core:LandBuildings2019-01-012019-12-3100857186core:PlantMachinery2019-01-012019-12-3100857186core:Vehicles2019-01-012019-12-3100857186core:FurnitureFittings2019-01-012019-12-3100857186core:OfficeEquipment2019-01-012019-12-3100857186dpl:GroupUndertakings2019-01-012019-12-3100857186dpl:ParticipatingInterests2019-01-012019-12-3100857186dpl:GroupUndertakingscore:ListedExchangeTraded2019-01-012019-12-3100857186core:ListedExchangeTraded2019-01-012019-12-3100857186dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2019-01-012019-12-3100857186core:UnlistedNon-exchangeTraded2019-01-012019-12-3100857186dpl:CostSales2018-01-012018-12-3100857186dpl:DistributionCosts2018-01-012018-12-3100857186dpl:AdministrativeExpenses2018-01-012018-12-3100857186core:LandBuildings2018-01-012018-12-3100857186core:PlantMachinery2018-01-012018-12-3100857186core:Vehicles2018-01-012018-12-3100857186core:FurnitureFittings2018-01-012018-12-3100857186core:OfficeEquipment2018-01-012018-12-3100857186dpl:GroupUndertakings2018-01-012018-12-3100857186dpl:ParticipatingInterests2018-01-012018-12-3100857186dpl:GroupUndertakingscore:ListedExchangeTraded2018-01-012018-12-3100857186core:ListedExchangeTraded2018-01-012018-12-3100857186dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2018-01-012018-12-3100857186core:UnlistedNon-exchangeTraded2018-01-012018-12-3100857186core:NetGoodwill2019-12-3100857186core:IntangibleAssetsOtherThanGoodwill2019-12-3100857186core:LandBuildings2019-12-3100857186core:PlantMachinery2019-12-3100857186core:Vehicles2019-12-3100857186core:FurnitureFittings2019-12-3100857186core:OfficeEquipment2019-12-3100857186core:AfterOneYear2019-12-3100857186core:WithinOneYear2019-12-3100857186core:ListedExchangeTraded2019-12-3100857186core:UnlistedNon-exchangeTraded2019-12-3100857186core:ShareCapital2019-12-3100857186core:SharePremium2019-12-3100857186core:RevaluationReserve2019-12-3100857186core:OtherReservesSubtotal2019-12-3100857186core:RetainedEarningsAccumulatedLosses2019-12-3100857186core:NetGoodwill2018-12-3100857186core:IntangibleAssetsOtherThanGoodwill2018-12-3100857186core:LandBuildings2018-12-3100857186core:PlantMachinery2018-12-3100857186core:Vehicles2018-12-3100857186core:FurnitureFittings2018-12-3100857186core:OfficeEquipment2018-12-3100857186core:AfterOneYear2018-12-3100857186core:WithinOneYear2018-12-3100857186core:ListedExchangeTraded2018-12-3100857186core:UnlistedNon-exchangeTraded2018-12-3100857186core:ShareCapital2018-12-3100857186core:SharePremium2018-12-3100857186core:RevaluationReserve2018-12-3100857186core:OtherReservesSubto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SPEEDY SPARES SERVICES LIMITED

Registered Number
00857186
(England and Wales)

Unaudited Financial Statements for the Year Ended
31 December 2019

SPEEDY SPARES SERVICES LIMITED
Company Information
for the year from 1 January 2019 to 31 December 2019

Directors

BENSON, Sarah Elizabeth Louise
DAVIES, Joan Pamela

Registered Address

25 Old Shoreham Road
Portslade
Brighton
BN41 1SP

Registered Number

00857186 (England and Wales)
SPEEDY SPARES SERVICES LIMITED
Statement of Financial Position
31 December 2019

Notes

2019
£

2018
£

Fixed assets
Tangible assets464,29464,294
Current assets
Stocks111,000107,500
Debtors92,13949,667
Cash at bank and on hand24,80340,066
Creditors amounts falling due within one year(8,502)(10,046)
Net current assets (liabilities)219,440187,187
Total assets less current liabilities283,734251,481
Accruals and deferred income(7,674)(8,165)
Net assets276,060243,316
Capital and reserves
Called up share capital100100
Profit and loss account275,960243,216
Shareholders' funds276,060243,316
  • The company was entitled to exemption from audit for this reporting period 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 directors acknowledge 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 provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
  • The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved and authorised for issue by the Board of Directors on 21 December 2020, and are signed on its behalf by:
BENSON, Sarah Elizabeth Louise
Director
Registered Company No. 00857186
SPEEDY SPARES SERVICES LIMITED
Notes to the Financial Statements
for the year ended 31 December 2019

1.STATUTORY INFORMATION
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Inventories policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
3.EMPLOYEE INFORMATION




2019



2018

Average number of employees during the year55
4.PROPERTY, PLANT AND EQUIPMENT



Total
£

Cost or valuation
At 01 January 1967,644
At 31 December 1967,644
Depreciation and impairment
At 01 January 193,350
At 31 December 193,350
Net book value
At 31 December 1964,294
At 31 December 1864,294