Company Registration No. 09408507 (England and Wales)
JOE OSBORNE RACING LIMITED
Unaudited accounts
for the year ended 31 January 2023
JOE OSBORNE RACING LIMITED
Unaudited accounts
Contents
JOE OSBORNE RACING LIMITED
Company Information
for the year ended 31 January 2023
Directors
Joseph Osborne
Rachel Osborne
Company Number
09408507 (England and Wales)
Registered Office
9 Fisher Grove
Olney
Bucks
MK46 4FE
JOE OSBORNE RACING LIMITED
Statement of financial position
as at 31 January 2023
Tangible assets
26,279
88,506
Cash at bank and in hand
92,877
86,085
Creditors: amounts falling due within one year
(16,431)
(24,608)
Net current assets
105,398
88,017
Total assets less current liabilities
131,677
176,523
Creditors: amounts falling due after more than one year
-
(10,000)
Net assets
131,677
166,523
Called up share capital
102
102
Profit and loss account
131,575
166,421
Shareholders' funds
131,677
166,523
For the year ending 31 January 2023 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 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 and delivered 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.
The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by
Joseph Osborne
Director
Company Registration No. 09408507
JOE OSBORNE RACING LIMITED
Notes to the Accounts
for the year ended 31 January 2023
JOE OSBORNE RACING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09408507. The registered office is 9 Fisher Grove, Olney, Bucks, MK46 4FE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
33% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2022
398,517
1,080
399,597
At 31 January 2023
398,517
2,186
400,703
At 1 February 2022
310,011
1,080
311,091
Charge for the year
63,118
215
63,333
At 31 January 2023
373,129
1,295
374,424
At 31 January 2023
25,388
891
26,279
At 31 January 2022
88,506
-
88,506
JOE OSBORNE RACING LIMITED
Notes to the Accounts
for the year ended 31 January 2023
Amounts falling due within one year
Trade debtors
17,652
15,240
Other debtors
11,300
11,300
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
20,861
13,504
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).