06746639falseMotor sports2022-12-012023-11-30http://www.companieshouse.gov.uk/2022-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2022-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2022-11-30http://www.companieshouse.gov.uk/cd:Director12022-12-012023-11-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2022-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2023-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-11-30http://www.companieshouse.gov.uk/cd:Director22022-12-012023-11-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-11-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-11-30http://www.companieshouse.gov.uk/cd:Director32022-12-012023-11-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-11-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-11-30http://www.companieshouse.gov.uk/cd:Director42022-12-012023-11-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-12-012023-11-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-11-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-12-012023-11-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-12-012023-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-11-30http://www.companieshouse.gov.uk/2022-12-012023-11-30http://www.companieshouse.gov.uk/2022-11-30http://www.companieshouse.gov.uk/cd:FRS1022022-12-012023-11-30http://www.companieshouse.gov.uk/2023-11-30http://www.companieshouse.gov.uk/cd:FullAccounts2022-12-012023-11-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-12-012023-11-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 06746639

Spy Motorsport Limited

ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

Prepared By:
Simon Porter FCA
1 Prospect Street
Caversham
Reading
RG4 8JB

Spy Motorsport Limited

ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
DIRECTORS
Peter Young
Helen Young
Matthew Young
Simon Young
SECRETARY
Peter Young
REGISTERED OFFICE
1 Wellside Villas
Stoke Row
Henley-on-Thames
RG9 5QJ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06746639
ACCOUNTANTS
Simon Porter FCA
1 Prospect Street
Caversham
Reading
RG4 8JB

Spy Motorsport Limited

ACCOUNTS
FOR THEYEARENDED30 NOVEMBER 2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Spy Motorsport Limited

BALANCE SHEET AT 30 November 2023
20232022
Notes££
FIXED ASSETS
Tangible assets316,13224,308
CURRENT ASSETS
Debtors425,5384,265
Cash at bank and in hand6,90622,545
32,44426,810
CREDITORS: Amounts falling due within one year5220,155220,194
NET CURRENT LIABILITIES(187,711)(193,384)
TOTAL ASSETS LESS CURRENT LIABILITIES(171,579)(169,076)
CREDITORS: Amounts falling due after more than one year635,00740,741
PROVISIONS FOR LIABILITIES AND CHARGES7-4,619
NET LIABILITIES(206,586)(214,436)
CAPITAL AND RESERVES
Called up share capital844
Profit and loss account(206,590)(214,440)
SHAREHOLDERS' FUNDS(206,586)(214,436)
For the year ending 30 November 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 9 February 2024 and signed on their behalf by
.............................
Peter Young
Director

Spy Motorsport Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 20%
Commercial Vehiclesstraight line 25%
Fixtures and Fittingsreducing balance 20%
Equipmentstraight line 33%
2. EMPLOYEES
20232022
No.No.
Average number of employees44

Spy Motorsport Limited

3. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsEquipmentTotal
£££££
Cost
At 1 December 202229,40288,2864,4514,931127,070
Disposals-(17,225)--(17,225)
At 30 November 202329,40271,0614,4514,931109,845
Depreciation
At 1 December 202212,56181,9873,9334,281102,762
Disposals-(17,225)--(17,225)
For the year3,3684,1371045678,176
At 30 November 202315,92968,8994,0374,84893,713
Net Book Amounts
At 30 November 202313,4732,1624148316,132
At 30 November 202216,8416,29951865024,308
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors22,904-
Other taxation and social security-1,790
Prepayments2,6342,475
25,5384,265
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Other taxation and social security3,836-
Directors current account209,182213,133
Loans5,7075,556
Accruals1,4301,505
220,155220,194

Spy Motorsport Limited

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr35,00740,741
35,00740,741
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation-4,619
-4,619
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
4 Ordinary shares of £1 each44
44