Company Registration No. 13024065 (England and Wales)
London To Brighton Electric Vehicle Rally Ltd
Unaudited accounts
for the year ended 30 November 2022
London To Brighton Electric Vehicle Rally Ltd
Unaudited accounts
Contents
London To Brighton Electric Vehicle Rally Ltd
Company Information
for the year ended 30 November 2022
Directors
Thomas Druitt
William Murray
Company Number
13024065 (England and Wales)
Registered Office
Protran House
Boundary Road
BRIGHTON
East Sussex
BN2 5TJ
England
London To Brighton Electric Vehicle Rally Ltd
Statement of financial position
as at 30 November 2022
Cash at bank and in hand
759
3,862
Creditors: amounts falling due within one year
(40,287)
(18,141)
Net current (liabilities)/assets
(38,426)
1,362
Net (liabilities)/assets
(32,400)
1,684
Called up share capital
100
100
Profit and loss account
(32,500)
1,584
Shareholders' funds
(32,400)
1,684
For the year ending 30 November 2022 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 20 November 2023 and were signed on its behalf by
Thomas Druitt
Director
Company Registration No. 13024065
London To Brighton Electric Vehicle Rally Ltd
Notes to the Accounts
for the year ended 30 November 2022
London To Brighton Electric Vehicle Rally Ltd is a private company, limited by shares, registered in England and Wales, registration number 13024065. The registered office is Protran House, Boundary Road, BRIGHTON, East Sussex, BN2 5TJ, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Plant & machinery
4 Years Straight Line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2021
368
-
-
368
Additions
316
6,000
328
6,644
At 30 November 2022
684
6,000
328
7,012
At 1 December 2021
46
-
-
46
Charge for the year
182
690
68
940
At 30 November 2022
228
690
68
986
At 30 November 2022
456
5,310
260
6,026
At 30 November 2021
322
-
-
322
London To Brighton Electric Vehicle Rally Ltd
Notes to the Accounts
for the year ended 30 November 2022
Amounts falling due within one year
Accrued income and prepayments
-
3,623
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
15,588
1,579
Amounts owed to group undertakings and other participating interests
23,550
-
Taxes and social security
-
290
Loans from directors
174
5,616
7
Transactions with related parties
The company was in receipt of loans for the first time this year from related entities. These entities are related parties because they are controlled or jointly controlled by a person who has control over the company.
£37,136 was advanced during the year, of which £18,496 remained outstanding at the year-end. No interest was charged and there are no specific repayment terms.
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).