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Company Registration No. 03083519 (England and Wales)
GWENT KARTING LIMITED Unaudited accounts for the year ended 31 July 2023
GWENT KARTING LIMITED Unaudited accounts Contents
Page
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GWENT KARTING LIMITED Company Information for the year ended 31 July 2023
Director
Darren Evans
Company Number
03083519 (England and Wales)
Registered Office
Unit 10-11, Leeway INDUSTRIAL ESTATE Gwent Supakart GWENT NP19 4SL United Kingdom
Accountants
PTC Accounting & Co Certified Accountants 9 Poland Street Audenshaw Lancashire M34 5TW
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GWENT KARTING LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
100 
100 
Fixed assets
Tangible assets
205,121 
119,162 
Current assets
Inventories
88,000 
50,000 
Debtors
100,543 
88,000 
Cash at bank and in hand
38,860 
185,995 
227,403 
323,995 
Net current assets
227,403 
323,995 
Total assets less current liabilities
432,624 
443,257 
Creditors: amounts falling due after more than one year
(40,000)
(163,000)
Net assets
392,624 
280,257 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
392,524 
280,157 
Shareholders' funds
392,624 
280,257 
For the year ending 31 July 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 14 November 2023 and were signed on its behalf by
Darren Evans Director Company Registration No. 03083519
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GWENT KARTING LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
GWENT KARTING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03083519. The registered office is Unit 10-11, , Leeway INDUSTRIAL ESTATE, Gwent Supakart, GWENT, NP19 4SL, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
119,162 
- 
119,162 
Additions
65,000 
67,000 
132,000 
Disposals
(46,041)
- 
(46,041)
At 31 July 2023
138,121 
67,000 
205,121 
Depreciation
At 31 July 2023
- 
- 
- 
Net book value
At 31 July 2023
138,121 
67,000 
205,121 
At 31 July 2022
119,162 
- 
119,162 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
43,543 
35,000 
Amounts falling due after more than one year
Other debtors
57,000 
53,000 
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GWENT KARTING LIMITED Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
- 
163,000 
Taxes and social security
40,000 
- 
40,000 
163,000 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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