Excelsior Racing Ltd
Registered number: SC495804
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Current assets
Stocks 7,500 10,000
Cash at bank and in hand 604 2,620
8,104 12,620
Net current assets 8,104 12,620
Total assets less current liabilities 8,104 12,620
Creditors: amounts falling due after more than one year 3 (281,112) (264,012)
Net liabilities (273,008) (251,392)
Capital and reserves
Called up share capital 100,000 100,000
Profit and loss account (373,008) (351,392)
Shareholders' funds (273,008) (251,392)
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.
N.Anderson
Director
Approved by the board on 27 October 2023
Excelsior Racing 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Creditors: amounts falling due after one year 2023 2022
£ £
Trade creditors 480 480
Other creditors 280,632 263,532
281,112 264,012
4 Other information
Excelsior Racing Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
27 Deeside Brae
Aberdeen
Aberdeenshire
AB12 5UE
Excelsior Racing Ltd SC495804 false 2022-02-01 2023-01-31 2023-01-31 VT Final Accounts April 2022 N.Anderson No description of principal activity SC495804 2021-02-01 2022-01-31 SC495804 core:AfterOneYear 2022-01-31 SC495804 core:ShareCapital 2022-01-31 SC495804 core:RetainedEarningsAccumulatedLosses 2022-01-31 SC495804 2022-02-01 2023-01-31 SC495804 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 SC495804 bus:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 SC495804 bus:Director40 2022-02-01 2023-01-31 SC495804 countries:England 2022-02-01 2023-01-31 SC495804 bus:FRS102 2022-02-01 2023-01-31 SC495804 bus:FullAccounts 2022-02-01 2023-01-31 SC495804 2023-01-31 SC495804 core:AfterOneYear 2023-01-31 SC495804 core:ShareCapital 2023-01-31 SC495804 core:RetainedEarningsAccumulatedLosses 2023-01-31 SC495804 2022-01-31 iso4217:GBP xbrli:pure