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Company Registration No. 9548487 (England and Wales)
Mersey Races Limited Unaudited accounts for the year ended 28 February 2023
Mersey Races Limited Unaudited accounts Contents
Page
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Mersey Races Limited Company Information for the year ended 28 February 2023
Director
Mr M Davies
Company Number
9548487 (England and Wales)
Registered Office
Browside Cottage Sandfield Road Liverpool Merseyside L25 3PE
Accountants
Invictus Accountancy Services Limited 1 Stable Court Business Centre Water Lane Farm Tarbock Green Liverpool Merseyside L35 1RD
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Mersey Races Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
73,700 
48,959 
Cash at bank and in hand
3,511 
3,511 
77,211 
52,470 
Creditors: amounts falling due within one year
(61,146)
(35,392)
Net current assets
16,065 
17,078 
Total assets less current liabilities
16,065 
17,078 
Creditors: amounts falling due after more than one year
(45,654)
(41,115)
Net liabilities
(29,589)
(24,037)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(29,590)
(24,038)
Shareholders' funds
(29,589)
(24,037)
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 23 December 2023 and were signed on its behalf by
Mr M Davies Director Company Registration No. 9548487
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Mersey Races Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Mersey Races Limited is a private company, limited by shares, registered in England and Wales, registration number 9548487. The registered office is Browside Cottage, Sandfield Road, Liverpool, Merseyside, L25 3PE.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
7,637 
Other debtors
73,700 
41,322 
73,700 
48,959 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,277 
21,197 
VAT
33,621 
2,733 
Trade creditors
10,190 
3,692 
Taxes and social security
6,611 
6,611 
Accruals
1,447 
1,159 
61,146 
35,392 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
45,654 
41,115 
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Mersey Races Limited Notes to the Accounts for the year ended 28 February 2023
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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