Company Registration No. 09623273 (England and Wales)
Redline Trackdays Limited
Unaudited accounts
for the year ended 31 March 2023
Redline Trackdays Limited
Unaudited accounts
Contents
Redline Trackdays Limited
Company Information
for the year ended 31 March 2023
Company Number
09623273 (England and Wales)
Registered Office
THE METHODIST CHURCH WENTWORTH ROAD
BLACKER HILL
BARNSLEY
SOUTH YORKSHIRE
S74 0RL
UK
Redline Trackdays Limited
Statement of financial position
as at 31 March 2023
Tangible assets
111,118
118,511
Cash at bank and in hand
40,641
48,144
Creditors: amounts falling due within one year
(2,519)
46,092
Net current assets
38,122
94,236
Total assets less current liabilities
149,240
212,747
Creditors: amounts falling due after more than one year
(59,413)
(173,599)
Called up share capital
2
2
Profit and loss account
89,825
39,146
Shareholders' funds
89,827
39,148
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 5 October 2023 and were signed on its behalf by
Dean Pearce
Director
Company Registration No. 09623273
Redline Trackdays Limited
Notes to the Accounts
for the year ended 31 March 2023
Redline Trackdays Limited is a private company, limited by shares, registered in England and Wales, registration number 09623273. The registered office is THE METHODIST CHURCH WENTWORTH ROAD, BLACKER HILL, BARNSLEY, SOUTH YORKSHIRE, S74 0RL, UK.
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.
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.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
38,400
142,186
6,976
187,562
Additions
-
27,667
-
27,667
At 31 March 2023
38,400
169,853
6,976
215,229
At 1 April 2022
14,191
53,388
1,472
69,051
Charge for the year
4,842
29,117
1,101
35,060
At 31 March 2023
19,033
82,505
2,573
104,111
At 31 March 2023
19,367
87,348
4,403
111,118
At 31 March 2022
24,209
88,798
5,504
118,511
Redline Trackdays Limited
Notes to the Accounts
for the year ended 31 March 2023
5
Creditors: amounts falling due within one year
2023
2022
6
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
14,194
18,992
Loans from directors
(1,734)
94,449
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).