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REGISTERED NUMBER: 13536971 (England and Wales)















S C SPORT HOMES RACE TRUCK & SERVICE LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023






S C SPORT HOMES RACE TRUCK & SERVICE LTD (REGISTERED NUMBER: 13536971)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S C SPORT HOMES RACE TRUCK & SERVICE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTORS: S A Copeman
C Copeman





REGISTERED OFFICE: Units 1-5 Panteg Industrial Estate
Station Road
Griffithstown
Pontypool
Gwent
NP4 5LX





REGISTERED NUMBER: 13536971 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

S C SPORT HOMES RACE TRUCK & SERVICE LTD (REGISTERED NUMBER: 13536971)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 231,634 27,958

CURRENT ASSETS
Debtors 5 95,988 56,275
Cash at bank 192 9,656
96,180 65,931
CREDITORS
Amounts falling due within one year 6 224,098 41,887
NET CURRENT (LIABILITIES)/ASSETS (127,918 ) 24,044
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,716

52,002

PROVISIONS FOR LIABILITIES 8,290 5,312
NET ASSETS 95,426 46,690

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 95,326 46,590
SHAREHOLDERS' FUNDS 95,426 46,690

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

S C SPORT HOMES RACE TRUCK & SERVICE LTD (REGISTERED NUMBER: 13536971)

BALANCE SHEET - continued
31ST JULY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th January 2024 and were signed on its behalf by:





S A Copeman - Director


S C SPORT HOMES RACE TRUCK & SERVICE LTD (REGISTERED NUMBER: 13536971)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

1. STATUTORY INFORMATION

S C Sport Homes Race Truck & Service Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 6% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

S C SPORT HOMES RACE TRUCK & SERVICE LTD (REGISTERED NUMBER: 13536971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st August 2022 30,500 - 30,500
Additions 14,882 200,000 214,882
At 31st July 2023 45,382 200,000 245,382
DEPRECIATION
At 1st August 2022 2,542 - 2,542
Charge for year 6,206 5,000 11,206
At 31st July 2023 8,748 5,000 13,748
NET BOOK VALUE
At 31st July 2023 36,634 195,000 231,634
At 31st July 2022 27,958 - 27,958

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,278 9,766
Other debtors 13,202 118
S C Sport Homes Ltd 17,059 12,987
Directors' current accounts 39,116 351
Prepayments 23,333 33,053
95,988 56,275

S C SPORT HOMES RACE TRUCK & SERVICE LTD (REGISTERED NUMBER: 13536971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 189,039 6,542
Corporation Tax 23,467 3,640
Social security and other taxes 1,876 -
VAT 2,439 30,269
Other creditors 451 -
Accrued expenses 6,826 1,436
224,098 41,887

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

8. RELATED PARTY DISCLOSURES

At the year end the company was owed £39,116 from the director S A Copeman (2022 - £351).

At the year end the company was owed £17,059 from S C Sport Homes Ltd, a company in which S A Copeman and C Copeman are also directors (2022 - £12,987).