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REGISTERED NUMBER: 07889629 (England and Wales)















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: H J Pearman
P Brace





REGISTERED OFFICE: 150 High Street
Sevenoaks
Kent
TN13 1XE





REGISTERED NUMBER: 07889629 (England and Wales)





ACCOUNTANTS: Greenaway Chartered 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 20,510 20,510
Tangible assets 5 36,349 33,501
56,859 54,011

CURRENT ASSETS
Stocks 516,154 411,376
Debtors 6 182,486 37,585
Cash at bank 858 2,242
699,498 451,203
CREDITORS
Amounts falling due within one year 7 376,572 214,819
NET CURRENT ASSETS 322,926 236,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

379,785

290,395

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 379,685 290,295
SHAREHOLDERS' FUNDS 379,785 290,395

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

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

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 16 November 2023 and were signed on its behalf by:




H J Pearman - Director


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 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 July 2022
and 31 March 2023 20,510
NET BOOK VALUE
At 31 March 2023 20,510
At 30 June 2022 20,510

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 143,593
Additions 14,883
At 31 March 2023 158,476
DEPRECIATION
At 1 July 2022 110,092
Charge for period 12,035
At 31 March 2023 122,127
NET BOOK VALUE
At 31 March 2023 36,349
At 30 June 2022 33,501

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 30/6/22
£ £
Amounts owed by group undertakings 171,517 36,517
Other debtors 10,969 1,068
182,486 37,585

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 30/6/22
£ £
Trade creditors 65,372 5,762
Taxation and social security 20,630 19,140
Other creditors 290,570 189,917
376,572 214,819

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.