FORMULA SIDECAR RACING ASSOCIATION (UK) LIMITED

Company limited by guarantee

Company Registration Number:
03340661 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

FORMULA SIDECAR RACING ASSOCIATION (UK) LIMITED

Company limited by guarantee

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

FORMULA SIDECAR RACING ASSOCIATION (UK) LIMITED

Company limited by guarantee

Company Information

for the Period Ended 31 December 2023




Director: P Alton
M Halliday
L Scofield
J Smith
Secretary: L Scofield
Registered office: Treesign House
21 Cook Avenue
Durham
GBR
DH7 7BB
Company Registration Number: 03340661 (England and Wales)

FORMULA SIDECAR RACING ASSOCIATION (UK) LIMITED

Company limited by guarantee

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 523 523
Total fixed assets: 523 523
Current assets
Stocks: 73 73
Debtors: 302 1,313
Cash at bank and in hand: 32,197 33,172
Total current assets: 32,572 34,558
Creditors: amounts falling due within one year: ( 1,125 ) ( 1,302 )
Net current assets (liabilities): 31,447 33,256
Total assets less current liabilities: 31,970 33,779
Accruals and deferred income: ( 800 ) ( 505 )
Total net assets (liabilities): 31,170 33,274

The notes form part of these financial statements

FORMULA SIDECAR RACING ASSOCIATION (UK) LIMITED

Company limited by guarantee

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Reserves
Income and expenditure account 31,170 33,274
Members funds 31,170 33,274

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 9 February 2024
And Signed On Behalf Of The Board By:

Name: P Alton
Status: Director

The notes form part of these financial statements

FORMULA SIDECAR RACING ASSOCIATION (UK) LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FORMULA SIDECAR RACING ASSOCIATION (UK) LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

FORMULA SIDECAR RACING ASSOCIATION (UK) LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

FORMULA SIDECAR RACING ASSOCIATION (UK) LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 523
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2023 523
Depreciation
At 01 January 2023 -
Charge for year -
On disposals -
Other adjustments -
At 31 December 2023 -
Net book value
At 31 December 2023 523
At 31 December 2022 523