Company Registration No. 09858189 (England and Wales)
NAWTON RACING LIMITED
Unaudited accounts
for the period from 1 December 2022 to 31 December 2023
NAWTON RACING LIMITED
Unaudited accounts
Contents
NAWTON RACING LIMITED
Company Information
for the period from 1 December 2022 to 31 December 2023
Company Number
09858189 (England and Wales)
Registered Office
ARTHINGTON BARN STABLES, HIGHFIELD LANE
NAWTON
YORK
NORTH YORKSHIRE
YO62 7TU
Accountants
JOHN TURNER, CHARTERED ACCOUNTANT
104 PENISTONE ROAD
KIRKBURTON
HUDDERSFIELD
WEST YORKSHIRE
HD8 0TA
NAWTON RACING LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
66,771
39,027
Inventories
111,324
245,441
Cash at bank and in hand
250,101
367,282
Creditors: amounts falling due within one year
(79,142)
(226,933)
Net current assets
360,059
459,758
Total assets less current liabilities
426,830
498,785
Provisions for liabilities
Deferred tax
(12,686)
(7,415)
Net assets
414,144
491,370
Called up share capital
100
100
Profit and loss account
414,044
491,270
Shareholders' funds
414,144
491,370
For the period ending 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 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 26 March 2024 and were signed on its behalf by
R G Fell
Director
Company Registration No. 09858189
NAWTON RACING LIMITED
Notes to the Accounts
for the period from 1 December 2022 to 31 December 2023
NAWTON RACING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09858189. The registered office is ARTHINGTON BARN STABLES, HIGHFIELD LANE, NAWTON, YORK, NORTH YORKSHIRE, YO62 7TU.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance method
Computer equipment
25% reducing balance method
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
NAWTON RACING LIMITED
Notes to the Accounts
for the period from 1 December 2022 to 31 December 2023
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2022
76,500
416
76,916
At 31 December 2023
126,500
416
126,916
At 1 December 2022
37,547
342
37,889
Charge for the period
22,238
18
22,256
At 31 December 2023
59,785
360
60,145
At 31 December 2023
66,715
56
66,771
At 30 November 2022
38,953
74
39,027
Amounts falling due within one year
Trade debtors
77,219
71,841
Accrued income and prepayments
557
2,127
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
55,770
199,143
Taxes and social security
5,798
19,935
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
In a prior year the Company had purchased goods and services amounting to £115856 from Nawton Bloodstock Limited, a company in which Mr R G Fell had an interest as director. At the financial year end the Company owed Nawton Bloodstock Limited £NIL. (2022 £115856).
The ultimate controlling party is Holme Lane Haulage Limited, Company No 02203653.
NAWTON RACING LIMITED
Notes to the Accounts
for the period from 1 December 2022 to 31 December 2023
10
Average number of employees
During the period the average number of employees was 11 (2022: 11).