Founded in 2014, Truespeed Communications, classified under reg no. 09187893 is an active company. Currently registered at Pinesgate West BA2 3DP, Bath the company has been in the business for 10 years. Its financial year was closed on 31st December and its latest financial statement was filed on Saturday 31st December 2022. Since Tuesday 13th January 2015 Truespeed Communications Ltd is no longer carrying the name Wansdyke Networking.
Currently there are 8 directors in the the company, namely Margarida T., Lisa H. and James L. and others. In addition one secretary - Patrick M. - is with the firm. As of 29 March 2024, there were 8 ex directors - Ian B., Sean M. and others listed below. There were no ex secretaries.
Office Address | Pinesgate West |
Office Address2 | Lower Bristol Road |
Town | Bath |
Post code | BA2 3DP |
Country of origin | United Kingdom |
Registration Number | 09187893 |
Date of Incorporation | Thu, 28th Aug 2014 |
Industry | Other telecommunications activities |
End of financial Year | 31st December |
Company age | 10 years old |
Account next due date | Mon, 30th Sep 2024 (185 days left) |
Account last made up date | Sat, 31st Dec 2022 |
Next confirmation statement due date | Wed, 11th Sep 2024 (2024-09-11) |
Last confirmation statement dated | Mon, 28th Aug 2023 |
The list of PSCs that own or control the company is made up of 1 name. As we discovered, there is Francis H. The abovementioned PSC and has 25-50% shares.
Francis H.
Notified on | 6 April 2016 |
Ceased on | 5 July 2017 |
Nature of control: |
25-50% shares |
Wansdyke Networking | January 13, 2015 |
Profit & Loss | |||||||
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Accounts Information Date | 2016-08-31 | 2017-12-31 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
Balance Sheet | |||||||
Cash Bank On Hand | 737 245 | 374 204 | 1 617 791 | 1 349 196 | 271 821 | 1 671 782 | 2 474 235 |
Current Assets | 876 524 | 500 126 | 2 093 835 | 1 792 283 | 800 075 | 2 191 266 | 3 481 083 |
Debtors | 122 414 | 125 922 | 476 044 | 443 087 | 528 254 | 519 484 | 1 006 848 |
Net Assets Liabilities | -460 604 | -3 541 917 | -9 153 336 | -16 746 175 | -28 639 316 | -41 587 397 | -59 157 020 |
Other Debtors | 122 353 | 125 922 | 392 625 | 309 543 | 125 229 | 32 348 | 125 679 |
Property Plant Equipment | 1 026 048 | 2 746 201 | 10 281 307 | 21 451 610 | 32 729 633 | 40 852 420 | 59 098 066 |
Total Inventories | 16 865 | ||||||
Other | |||||||
Audit Fees Expenses | 10 321 | 16 178 | 18 465 | 24 478 | 17 600 | ||
Accrued Liabilities Deferred Income | 978 309 | 1 717 750 | 2 731 086 | 5 721 870 | 2 239 048 | ||
Accumulated Amortisation Impairment Intangible Assets | 27 261 | 54 522 | 136 307 | 136 307 | 4 054 | 25 070 | 179 777 |
Accumulated Depreciation Impairment Property Plant Equipment | 12 594 | 72 437 | 233 172 | 570 020 | 1 329 557 | 2 723 817 | 4 832 980 |
Additions Other Than Through Business Combinations Intangible Assets | 71 064 | 128 451 | 474 674 | ||||
Additions Other Than Through Business Combinations Property Plant Equipment | 1 779 996 | 11 507 151 | 12 052 710 | 9 541 828 | 20 361 047 | ||
Administrative Expenses | 4 286 258 | 5 504 021 | 8 154 931 | 9 818 932 | 13 133 048 | ||
Amortisation Expense Intangible Assets | 4 054 | 24 712 | |||||
Amortisation Impairment Expense Intangible Assets | 81 785 | 4 054 | 24 712 | 154 707 | |||
Amounts Owed To Group Undertakings | 20 041 | ||||||
Average Number Employees During Period | 70 | 90 | 123 | 138 | 176 | ||
Bank Borrowings Overdrafts | 1 510 000 | 9 680 | 74 369 | ||||
Banking Arrangements Classified As Cash Cash Equivalents | -74 369 | ||||||
Bank Overdrafts | 74 369 | ||||||
Cash Cash Equivalents Cash Flow Value | 364 524 | 1 543 422 | 1 349 196 | 271 821 | 1 671 782 | 2 474 235 | |
Comprehensive Income Expense | -5 612 511 | -7 609 669 | -11 894 788 | -12 948 081 | -17 626 373 | ||
Cost Sales | 705 995 | 1 078 411 | 2 583 142 | 1 833 765 | 1 850 280 | ||
Creditors | 233 600 | 3 462 859 | 17 237 455 | 35 126 871 | 55 994 504 | 74 690 782 | 114 876 750 |
Depreciation Expense Property Plant Equipment | 161 945 | 336 848 | 759 537 | 1 406 046 | |||
Depreciation Impairment Expense Property Plant Equipment | 161 945 | 336 848 | 759 537 | 1 406 046 | 2 109 289 | ||
Equity Settled Share-based Payments Increase Decrease In Equity | 1 647 | ||||||
Fixed Assets | 21 451 610 | 32 796 643 | 40 996 952 | 60 371 580 | |||
Further Item Tax Increase Decrease Component Adjusting Items | 25 898 | ||||||
Future Minimum Lease Payments Under Non-cancellable Operating Leases | 152 332 | 246 660 | 900 872 | 1 406 199 | 1 844 251 | ||
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss | -5 763 | -13 307 | -10 740 | -2 072 | -6 076 | ||
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables | -819 164 | -646 543 | -1 378 333 | -3 843 303 | 1 951 900 | ||
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables | 350 122 | -32 957 | 85 167 | -8 770 | 487 364 | ||
Gain Loss On Disposals Property Plant Equipment | -1 034 | 2 678 | 3 025 | ||||
Government Grant Income | 2 348 | 2 326 | |||||
Gross Profit Loss | -30 192 | 790 912 | 1 079 744 | 3 589 867 | |||
Impairment Loss Intangible Assets | 81 785 | ||||||
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation | -1 178 898 | 194 226 | 1 077 375 | -1 399 961 | -802 453 | ||
Increase From Amortisation Charge For Year Intangible Assets | 27 261 | 4 054 | 24 712 | 154 707 | |||
Increase From Depreciation Charge For Year Property Plant Equipment | 59 843 | 336 848 | 759 537 | 1 406 046 | 2 109 289 | ||
Intangible Assets | 109 046 | 81 785 | 67 010 | 144 532 | 1 273 514 | ||
Intangible Assets Gross Cost | 136 307 | 136 307 | 136 307 | 71 064 | 169 602 | 1 453 291 | |
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings | 949 432 | 2 479 829 | 4 366 149 | 6 200 717 | |||
Interest Income On Bank Deposits | 493 | 3 266 | 439 | 327 | 644 | ||
Interest Income On Financial Assets That Are Not Fair Value Through Profit Or Loss | 493 | 3 266 | 439 | 327 | 644 | ||
Interest Payable Similar Charges Finance Costs | 1 296 554 | 2 899 826 | 4 822 388 | 6 721 669 | 8 704 075 | ||
Interest Received Classified As Investing Activities | -493 | -3 266 | -439 | -327 | -2 039 | ||
Issue Equity Instruments | 1 092 | 16 830 | 56 750 | ||||
Net Cash Flows From Used In Financing Activities | -13 775 688 | -17 906 246 | -20 867 633 | -18 696 278 | -40 242 718 | ||
Net Cash Flows From Used In Investing Activities | 7 697 592 | 11 503 885 | 12 105 507 | 9 627 715 | 21 642 697 | ||
Net Cash Flows From Used In Operating Activities | 4 899 198 | 6 596 587 | 9 839 501 | 7 668 602 | 17 797 568 | ||
Net Cash Generated From Operations | 3 602 644 | 3 696 761 | 5 017 113 | 946 933 | |||
Net Current Assets Liabilities | -1 362 098 | -2 907 044 | -2 197 188 | -3 070 914 | -5 441 455 | -7 893 567 | -4 651 850 |
Net Finance Income Costs | 493 | 3 266 | 439 | 327 | 2 039 | ||
Net Interest Paid Received Classified As Operating Activities | -1 296 554 | -2 899 826 | -4 822 388 | -6 721 669 | -8 704 075 | ||
Number Equity Instruments Exercisable Share-based Payment Arrangement | 7 383 928 | 5 700 928 | 2 080 930 | 1 941 430 | 1 514 475 | ||
Number Equity Instruments Exercised Share-based Payment Arrangement | 109 167 | 1 683 000 | -113 500 | ||||
Number Equity Instruments Expired Share-based Payment Arrangement | 4 434 000 | -669 500 | -439 453 | ||||
Number Equity Instruments Forfeited Share-based Payment Arrangement | 405 000 | ||||||
Number Equity Instruments Granted Share-based Payment Arrangement | 1 930 000 | ||||||
Number Equity Instruments Outstanding Share-based Payment Arrangement | 9 136 195 | 8 622 028 | 6 939 028 | 4 435 028 | 3 765 530 | 3 212 577 | |
Number Shares Issued Fully Paid | 15 | 100 | 100 | 100 | 100 | ||
Operating Profit Loss | -4 316 450 | -4 713 109 | -7 072 839 | -6 226 739 | |||
Other Creditors | 566 576 | 3 000 362 | 2 001 002 | 2 008 070 | 2 302 662 | 2 291 871 | 2 167 187 |
Other Disposals Decrease In Amortisation Impairment Intangible Assets | 136 307 | 3 696 | |||||
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment | 11 786 | 126 | |||||
Other Disposals Intangible Assets | 136 307 | 29 913 | |||||
Other Disposals Property Plant Equipment | 15 150 | 24 781 | 6 238 | ||||
Other Interest Expense | 347 122 | 419 997 | 456 239 | 520 952 | 547 391 | ||
Other Interest Income | 1 395 | ||||||
Other Interest Receivable Similar Income Finance Income | 493 | 3 266 | 439 | 327 | 2 039 | ||
Other Operating Income Format1 | 2 348 | 2 326 | |||||
Other Remaining Borrowings | 233 600 | 3 462 859 | 17 237 455 | 35 126 871 | 55 994 504 | 74 690 782 | 114 876 750 |
Other Taxation Social Security Payable | 25 694 | 96 929 | 78 694 | 118 644 | 159 294 | 480 730 | 448 378 |
Par Value Share | 1 | 1 | 1 | 1 | 1 | ||
Pension Other Post-employment Benefit Costs Other Pension Costs | 72 119 | 122 652 | 181 628 | 280 435 | 305 641 | ||
Prepayments Accrued Income | 81 979 | 125 864 | 362 619 | 457 863 | 818 180 | ||
Proceeds From Issuing Shares | -1 092 | -16 830 | -56 750 | ||||
Proceeds From Sales Intangible Assets | -26 217 | ||||||
Proceeds From Sales Property Plant Equipment | -1 608 | -17 828 | -16 020 | ||||
Profit Loss | -5 612 511 | -7 609 669 | -11 894 788 | -12 948 081 | -17 626 373 | ||
Profit Loss On Ordinary Activities Before Tax | -5 612 511 | -7 609 669 | -11 894 788 | -12 948 081 | -17 626 373 | ||
Property Plant Equipment Gross Cost | 1 038 642 | 2 818 638 | 10 514 479 | 22 021 630 | 34 059 190 | 43 576 237 | 63 931 046 |
Purchase Intangible Assets | -71 064 | -128 451 | -1 283 689 | ||||
Purchase Property Plant Equipment | -7 699 693 | -11 507 151 | -12 052 710 | -9 541 828 | -20 361 047 | ||
Repayments Borrowings Classified As Financing Activities | 13 774 596 | 17 889 416 | 20 867 633 | 18 696 278 | 40 185 968 | ||
Research Development Expense Recognised In Profit Or Loss | 62 230 | 15 300 | |||||
Share-based Payment Expense Cash Settled | 1 647 | ||||||
Social Security Costs | 250 588 | 314 197 | 501 565 | 654 091 | |||
Staff Costs Employee Benefits Expense | 2 766 699 | 3 864 303 | 5 477 857 | 4 987 705 | 6 250 986 | ||
Tax Decrease Increase From Effect Revenue Exempt From Taxation | 94 | 621 | 509 | ||||
Tax Expense Credit Applicable Tax Rate | -1 066 377 | -1 445 837 | -2 260 010 | -2 460 135 | -3 349 011 | ||
Tax Increase Decrease From Effect Capital Allowances Depreciation | -111 639 | -190 121 | -514 077 | ||||
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss | 47 703 | 100 337 | 8 050 | ||||
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward | 1 130 407 | 1 536 242 | 2 740 648 | 2 460 135 | 3 349 011 | ||
Total Assets Less Current Liabilities | -227 004 | -79 058 | 8 084 119 | 18 380 696 | 27 355 188 | 33 103 385 | 55 719 730 |
Total Borrowings | 17 311 824 | 35 126 871 | 55 994 504 | 74 690 782 | 114 876 750 | ||
Total Operating Lease Payments | 92 125 | 92 286 | 262 804 | 293 685 | |||
Trade Creditors Trade Payables | 116 311 | 300 199 | 1 158 649 | 1 018 733 | 1 048 488 | 1 590 362 | 3 278 320 |
Trade Debtors Trade Receivables | 61 | 1 440 | 7 680 | 40 406 | 29 273 | 62 989 | |
Transfers To From Non-current Assets Or Disposal Groups Held For Sale Property Plant Equipment | -11 632 129 | -14 729 242 | -3 892 240 | ||||
Turnover Revenue | 675 803 | 1 869 323 | 3 662 886 | 5 423 632 | |||
Wages Salaries | 2 443 992 | 3 073 378 | 4 794 664 | 4 053 179 | 5 022 442 | ||
Weighted Average Exercise Price Equity Instruments Exercisable Share-based Payment Arrangement | 0 | 0 | 1 | 1 | 1 | ||
Weighted Average Exercise Price Equity Instruments Exercised Share-based Payment Arrangement | 0 | 0 | 1 | ||||
Weighted Average Exercise Price Equity Instruments Expired Share-based Payment Arrangement | 1 | 1 | 1 | ||||
Weighted Average Exercise Price Equity Instruments Forfeited Share-based Payment Arrangement | 0 | ||||||
Weighted Average Exercise Price Equity Instruments Granted Share-based Payment Arrangement | 1 | ||||||
Weighted Average Exercise Price Equity Instruments Outstanding Share-based Payment Arrangement | 0 | 0 | 0 | 1 | 1 | 1 | |
Company Contributions To Defined Benefit Plans Directors | 29 360 | 42 317 | 49 694 | 53 627 | 31 441 | ||
Director Remuneration | 508 250 | 557 485 | 605 213 | 550 908 | |||
Director Remuneration Benefits Including Payments To Third Parties | 501 594 | 550 567 | 607 179 | 903 340 | 582 349 | ||
Further Item Director Remuneration Benefits Component Total Director Remuneration Benefits Excluding Payments To Third Parties | 244 500 |
Type | Category | Free download | |
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SH01 |
156307.97 GBP is the capital in company's statement on Friday 15th December 2023 filed on: 31st, December 2023 |
capital | Free Download (4 pages) |
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