Company Registration No. 10837089 (England and Wales)
Road Race Performance Shropshire Ltd
Unaudited accounts
for the year ended 30 June 2023
Road Race Performance Shropshire Ltd
Unaudited accounts
Contents
Road Race Performance Shropshire Ltd
Company Information
for the year ended 30 June 2023
Directors
Charlotte Lees- Bowyer
Brett James Guy
Company Number
10837089 (England and Wales)
Registered Office
The Blue Room Aldenham Hall
Morville, Bridgnorth
Shropshire
United Kingdom
WV16 4RN
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Road Race Performance Shropshire Ltd
Accountants' report
Accountants' report to the board of directors of Road Race Performance Shropshire Ltd on the preparation of the unaudited statutory accounts for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Road Race Performance Shropshire Ltd for the year ended
30 June 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Road Race Performance Shropshire Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Road Race Performance Shropshire Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Road Race Performance Shropshire Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Road Race Performance Shropshire Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Road Race Performance Shropshire Ltd. You consider that Road Race Performance Shropshire Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Road Race Performance Shropshire Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
22 September 2023
Road Race Performance Shropshire Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
22,179
1,018
Cash at bank and in hand
2,181
-
Creditors: amounts falling due within one year
(59,465)
(31,428)
Net current liabilities
(37,686)
(11,018)
Total assets less current liabilities
(15,507)
(10,000)
Creditors: amounts falling due after more than one year
(155,302)
(96,432)
Net liabilities
(170,809)
(106,432)
Called up share capital
100
100
Profit and loss account
(170,909)
(106,532)
Shareholders' funds
(170,809)
(106,432)
For the year ending 30 June 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 22 September 2023 and were signed on its behalf by
Charlotte Lees- Bowyer
Director
Company Registration No. 10837089
Road Race Performance Shropshire Ltd
Notes to the Accounts
for the year ended 30 June 2023
Road Race Performance Shropshire Ltd is a private company, limited by shares, registered in England and Wales, registration number 10837089. The registered office is The Blue Room Aldenham Hall, Morville, Bridgnorth, Shropshire, United Kingdom, WV16 4RN.
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.
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
25 % Reducing balance
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.
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2022
-
1,835
1,835
At 30 June 2023
64,233
1,835
66,068
Charge for the year
42,818
254
43,072
At 30 June 2023
42,818
1,071
43,889
At 30 June 2023
21,415
764
22,179
At 30 June 2022
-
1,018
1,018
Amounts falling due within one year
Other debtors
19,598
20,410
Road Race Performance Shropshire Ltd
Notes to the Accounts
for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
33,363
13,811
Obligations under finance leases and hire purchase contracts
10,791
-
Taxes and social security
-
(5,419)
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
48,204
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan account
20,411
(50,035)
(49,223)
19,599
20,411
(50,035)
(49,223)
19,599
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).