Camel Vale Motor Club Limited Filleted Accounts Cover
Camel Vale Motor Club Limited
(A Company not having Share Capital)
Company No. 01267498
Information for Filing with The Registrar
31 December 2023
Camel Vale Motor Club Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 December 2023.
Principal activities
The principal activity of the company during the year under review was promotion and running of motor sports events.
Directors
The Directors who served at any time during the year were as follows:
N. Allen
(Resigned 1 January 2023)
T. Annear
D. Ball
N. Barnett
R.C. Bricknell
T.A. Cleave
(Resigned 1 January 2023)
P. Combellack
I. Cundy
E. Daniel
M. Deacon
P.J. Hartill
R. Hartley
R.J.B. Hoskin
A.D. Keat
J.P. Metters
T. Nettleship
C. Penny
J. Penny
J.D. Stephens
G.G. Thomas
K.L. Thomas
C.H. Watts
S.J. Watts
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
A.D. Keat
Director
04 March 2024
Camel Vale Motor Club Limited Balance Sheet Registrar
at
31 December 2023
Company No.
01267498
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
1,8871,955
1,8871,955
Current assets
Stocks
5
349370
Debtors
6
1,3261,326
Cash at bank and in hand
69,62265,239
71,29766,935
Creditors: Amount falling due within one year
7
(3,581)
(4,284)
Net current assets
67,71662,651
Total assets less current liabilities
69,60364,606
Net assets
69,60364,606
Reserves
Income and expenditure account
69,60364,606
Total equity
69,60364,606
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's income and expenditure account.
Approved by the board on 04 March 2024
And signed on its behalf by:
T. Nettleship
Director
04 March 2024
Camel Vale Motor Club Limited Notes to the Accounts Registrar
for the year ended 31 December 2023
1
General information
Its registered number is: 01267498
Its registered office is:
Trudgeon Halling
The Platt
WADEBRIDGE
Cornwall
PL27 7AE
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
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.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to participation in the daily events.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% Reducing balance
Trophies
2% Reducing balance
Furniture, fittings and equipment
10% Reducing balance
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from the surplus as reported in the income and expenditure account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in the income and expenditure account, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Stocks
Stock is valued at the lower of cost and net realisable value.
Trade and other debtors
Short term debtors are measured at transaction price.
Trade and other creditors
Short term creditors are measured at transaction price.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 January 2023
7,8797,879
At 31 December 2023
7,8797,879
Depreciation
At 1 January 2023
5,9245,924
Charge for the year
6868
At 31 December 2023
5,9925,992
Net book values
At 31 December 2023
1,8871,887
At 31 December 2022
1,9551,955
5
Stocks
2023
2022
£
£
Finished goods
349370
349370
6
Debtors
2023
2022
£
£
Other debtors
1,3261,326
1,3261,326
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Corporation tax
996
Other creditors
2,2612,243
Accruals and deferred income
1,2212,035
3,5814,284
8
Reserves
Income and expenditure account - includes all current and prior period retained surpluses and deficits.
Camel Vale Motor Club Limited0126749831 December 202301 January 2023false04 March 2024BTCSoftware AP Solution 2023 10.4.0410.4.04true012674982023-01-012023-12-31012674982023-12-31012674982022-12-3101267498core:WithinOneYear2023-12-3101267498core:WithinOneYear2022-12-3101267498core:RetainedEarningsAccumulatedLosses2023-12-3101267498core:RetainedEarningsAccumulatedLosses2022-12-3101267498bus:RegisteredOffice2023-01-012023-12-3101267498core:PlantMachinery2023-01-012023-12-3101267498core:MotorVehicles2023-01-012023-12-3101267498core:FurnitureFittingsToolsEquipment2023-01-012023-12-31012674982022-01-012022-12-3101267498core:FurnitureFittingsToolsEquipment2023-01-01012674982023-01-0101267498core:FurnitureFittingsToolsEquipment2023-12-3101267498core:FurnitureFittingsToolsEquipment2022-12-3101267498core:RetainedEarningsAccumulatedLosses2023-01-012023-12-3101267498bus:SmallEntities2023-01-012023-12-3101267498bus:FullAccounts2023-01-012023-12-3101267498bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3101267498bus:Director112023-01-012023-12-3101267498bus:CompanyLimitedByGuarantee2023-01-012023-12-31iso4217:GBPxbrli:pure