Registered number
02422878
Ollerton Motorcross Club Ltd
Filleted Accounts
31 January 2023
Ollerton Motorcross Club Ltd
Registered number: 02422878
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 30,353 30,077
Creditors: amounts falling due within one year 4 (360) (353)
Net current assets 29,993 29,724
Net assets 29,993 29,724
Capital and reserves
Profit and loss account 29,993 29,724
Shareholders' funds 29,993 29,724
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Colin Conduit
Director
Approved by the board on 21 October 2023
Ollerton Motorcross Club Ltd
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2022 6,730
At 31 January 2023 6,730
Depreciation
At 1 February 2022 6,730
At 31 January 2023 6,730
Net book value
At 31 January 2023 -
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 360 353
5 Other information
Ollerton Motorcross Club Ltd is a private company limited by guarantee and incorporated in England. Its registered office is:
1 Ashdown Grove
Bingham
Nottingham
Notts
NG13 8RD
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