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COMPANY REGISTRATION NUMBER: 10552311
K W Racing Ltd
Filleted Unaudited Financial Statements
31 January 2023
K W Racing Ltd
Statement of Financial Position
31 January 2023
2023
2022
£
£
Fixed assets
28,554
35,067
--------
--------
Current assets
82,767
62,316
Creditors: amounts falling due within one year
46,767
45,293
--------
--------
Net current assets
36,000
17,023
--------
--------
Total assets less current liabilities
64,554
52,090
Accruals and deferred income
3,590
1,750
--------
--------
60,964
50,340
--------
--------
Capital and reserves
60,964
50,340
--------
--------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
2. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr W J Phillips
( 25,190)
( 13,620)
16,019
( 22,791)
--------
--------
--------
--------
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr W J Phillips
( 19,142)
( 28,893)
22,845
( 25,190)
--------
--------
--------
--------
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These 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 25 October 2023 , and are signed on behalf of the board by:
Mr W J Phillips
Director
Company registration number: 10552311
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 3, Bignell Park Barns, Chesterton, Nr Bicester, Oxon, OX26 ITD.