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REGISTERED NUMBER: 04540995 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Grand Prix Offroad Limited

Grand Prix Offroad Limited (Registered number: 04540995)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Grand Prix Offroad Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: I S Richards
Mrs S Richards





SECRETARY: Mrs S Richards





REGISTERED OFFICE: The Old School
The Quay
Carmarthen
Carmarthenshire
SA31 3LN





REGISTERED NUMBER: 04540995 (England and Wales)





ACCOUNTANTS: Ashmole & Co.
Chartered Certified Accountants
The Old School
The Quay
Carmarthen
Carmarthenshire
SA31 3LN

Grand Prix Offroad Limited (Registered number: 04540995)

Abridged Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 714 952
714 952

CURRENT ASSETS
Stocks 23,500 25,500
Cash at bank and in hand 332,553 284,335
356,053 309,835
CREDITORS
Amounts falling due within one year 70,004 60,876
NET CURRENT ASSETS 286,049 248,959
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,763

249,911

PROVISIONS FOR LIABILITIES 131 175
NET ASSETS 286,632 249,736

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 286,630 249,734
SHAREHOLDERS' FUNDS 286,632 249,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Grand Prix Offroad Limited (Registered number: 04540995)

Abridged Balance Sheet - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:





I S Richards - Director


Grand Prix Offroad Limited (Registered number: 04540995)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Grand Prix Offroad Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
The Company acquired goodwill of £30,000 in 2002. The goodwill is being amortised, since 2014, evenly over its useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Grand Prix Offroad Limited (Registered number: 04540995)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022
and 30 September 2023 30,000
AMORTISATION
At 1 October 2022
and 30 September 2023 30,000
NET BOOK VALUE

At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022
and 30 September 2023 20,055
DEPRECIATION
At 1 October 2022 19,103
Charge for year 238
At 30 September 2023 19,341
NET BOOK VALUE
At 30 September 2023 714
At 30 September 2022 952

6. ULTIMATE CONTROLLING PARTY

The controlling party is Mr and Mrs I Richards.