Company Registration No. 13932128 (England and Wales)
INNOVATION RACING LTD
Unaudited accounts
for the year ended 28 February 2023
INNOVATION RACING LTD
Unaudited accounts
Contents
INNOVATION RACING LTD
Company Information
for the year ended 28 February 2023
Company Number
13932128 (England and Wales)
Registered Office
PANFIELD FARM HALL ROAD
PANFIELD
BRAINTREE
CM7 5AW
ENGLAND
Accountants
EJM Accountants Limited
Dukeries Business Centre
31-33 Retford Rd, Office 304
Worksop
Nottinghamshire
S80 2PU
INNOVATION RACING LTD
Accountants' report
Accountants' report to the director of INNOVATION RACING LTD (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 28 February 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 28 February 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
EJM Accountants Limited
Dukeries Business Centre
31-33 Retford Rd, Office 304
Worksop
Nottinghamshire
S80 2PU
10 November 2023
INNOVATION RACING LTD
Statement of financial position
as at 28 February 2023
Total assets less current liabilities
-
Creditors: amounts falling due after more than one year
(290)
Profit and loss account
(290)
For the year ending 28 February 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 10 November 2023 and were signed on its behalf by
Samuel Wilson
Director
Company Registration No. 13932128
INNOVATION RACING LTD
Notes to the Accounts
for the year ended 28 February 2023
INNOVATION RACING LTD is a private company, limited by shares, registered in England and Wales, registration number 13932128. The registered office is PANFIELD FARM HALL ROAD, PANFIELD, BRAINTREE, CM7 5AW, 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 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.
4
Creditors: amounts falling due after more than one year
2023
Taxes and social security
290
5
Average number of employees
During the year the average number of employees was 0.