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Company registration number: NI676211
Motorsport Supplies Ltd
Unaudited filleted financial statements
28 February 2023
Motorsport Supplies Ltd
Contents
Directors and other information
Statement of financial position and notes to the financial statements
Motorsport Supplies Ltd
Directors and other information
Director Mr Alan Cassells
Company number NI676211
Registered office 10 Rectory Avenue
Derryadd
Craigavon
BT66 6QR
Business address 10 Rectory Avenue
Derryadd
Craigavon
BT66 6QR
Accountants JSR
44 Blackisland Road
Annaghmore
Portadown
Co Armagh
BT62 1NE
Bankers Starling Bank
5th Floor Brunel House
2 Fitzalan Road
Cardif
CF24 0FG
Motorsport Supplies Ltd
Statement of financial position
28 February 2023
2023 2022
£ £
Fixed assets 1,272 1,471
_______ _______
Current assets 20,117 22,209
Creditors: amounts falling due within one year ( 13,503) ( 14,313)
_______ _______
Net current assets 6,614 7,896
_______ _______
Total assets less current liabilities 7,886 9,367
Accruals and deferred income ( 1,178) ( 1,100)
_______ _______
Net assets 6,708 8,267
_______ _______
Capital and reserves 6,708 8,267
_______ _______
Notes to the financial statements
Motorsport Supplies Ltd
Year ended 28 February 2023
1. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr Alan Cassells ( 10,069) ( 6,962) 7,498 ( 9,533)
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr Alan Cassells - ( 10,069) - ( 10,069)
_______ _______ _______ _______
During the year the director introduced funds to the company. At the year end the director was owed £9,533 (2022; £10,069). These funds have been made available to the company on an interest free basis, the repayment terms for which have yet to be discussed and agreed.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 29 September 2023 , and are signed on behalf of the board by:
Mr Alan Cassells
Director
Company registration number: NI676211
The company is a private company limited by shares, registered in Northern Ireland.