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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
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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
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JOE OSBORNE RACING LIMITED Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,279 
88,506 
Current assets
Debtors
28,952 
26,540 
Cash at bank and in hand
92,877 
86,085 
121,829 
112,625 
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 
Capital and reserves
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
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JOE OSBORNE RACING LIMITED Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
- 
1,106 
1,106 
At 31 January 2023
398,517 
2,186 
400,703 
Depreciation
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 
Net book value
At 31 January 2023
25,388 
891 
26,279 
At 31 January 2022
88,506 
- 
88,506 
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JOE OSBORNE RACING LIMITED Notes to the Accounts for the year ended 31 January 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,652 
15,240 
Other debtors
11,300 
11,300 
28,952 
26,540 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
(4,430)
11,104 
Taxes and social security
20,861 
13,504 
16,431 
24,608 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
10,000 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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