NINE-W RACE ENGINEERING LTD

Company Registration Number:
11713769 (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

NINE-W RACE ENGINEERING LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

NINE-W RACE ENGINEERING LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 27,856 29,490
Total fixed assets: 27,856 29,490
Current assets
Stocks: 4,800 4,740
Debtors:   57,101 69,341
Cash at bank and in hand: 173,263 112,511
Total current assets: 235,164 186,592
Creditors: amounts falling due within one year:   (89,212) (70,671)
Net current assets (liabilities): 145,952 115,921
Total assets less current liabilities: 173,808 145,411
Creditors: amounts falling due after more than one year:   (16,059) (25,340)
Provision for liabilities: (5,836) (5,603)
Total net assets (liabilities): 151,913 114,468
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 151,909 114,464
Shareholders funds: 151,913 114,468

The notes form part of these financial statements

NINE-W RACE ENGINEERING LTD

Balance sheet statements

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 in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 February 2024
and signed on behalf of the board by:

Name: L J Morris
Status: Director

The notes form part of these financial statements

NINE-W RACE ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

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

NINE-W RACE ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 10 8

NINE-W RACE ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 69,793
Additions 7,954
At 31 December 2023 77,747
Depreciation
At 01 January 2023 40,303
Charge for year 9,588
At 31 December 2023 49,891
Net book value
At 31 December 2023 27,856
At 31 December 2022 29,490