REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JULY 2022 TO 31 MARCH 2023 |
FOR |
EAGLE SPEEDSTER LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JULY 2022 TO 31 MARCH 2023 |
FOR |
EAGLE SPEEDSTER LIMITED |
EAGLE SPEEDSTER LIMITED (REGISTERED NUMBER: 07889629) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JULY 2022 TO 31 MARCH 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
EAGLE SPEEDSTER LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1 JULY 2022 TO 31 MARCH 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
150 High Street |
Sevenoaks |
Kent |
TN13 1XE |
EAGLE SPEEDSTER LIMITED (REGISTERED NUMBER: 07889629) |
BALANCE SHEET |
31 MARCH 2023 |
31/3/23 | 30/6/22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
EAGLE SPEEDSTER LIMITED (REGISTERED NUMBER: 07889629) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JULY 2022 TO 31 MARCH 2023 |
1. | STATUTORY INFORMATION |
Eagle Speedster Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Patents and licences |
Patents and licences are initially measured at cost. After initial recognition, patents and licences are measured at cost less any accumulated ammortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1 July 2022 |
and 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 30 June 2022 |
EAGLE SPEEDSTER LIMITED (REGISTERED NUMBER: 07889629) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JULY 2022 TO 31 MARCH 2023 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 July 2022 |
Additions |
At 31 March 2023 |
DEPRECIATION |
At 1 July 2022 |
Charge for period |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 30 June 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/23 | 30/6/22 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/23 | 30/6/22 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | RELATED PARTY DISCLOSURES |
During the year the company paid dividends to one of the directors totalling £11,000 (2022: £14,900) and raised sales of £135,000 to Eagle Sales Limited which is 75% owned by H J Pearman. |
Eagle Racing Limited cross charged £300 to Eagle Speedster Limited for premises insurance in the year. |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is H J Pearman. |
10. | PARENT COMPANY |
The company is 60% owned by Eagle Sales Limited, a company registered in England and Wales. The Registered Office of Eagle Sales Limited is 150 High Street, Sevenoaks, Kent TN13 1XE. |