1 March 2022 false No description of principal activity Taxfiler 2023.10.2 06130182business:PrivateLimitedCompanyLtd2022-03-012023-02-28 061301822022-02-28 061301822022-03-012023-02-28 06130182business:AuditExempt-NoAccountantsReport2022-03-012023-02-28 06130182business:FilletedAccounts2022-03-012023-02-28 061301822023-02-28 06130182business:Director12022-03-012023-02-28 06130182business:RegisteredOffice2022-03-012023-02-28 061301822022-02-28 06130182core:WithinOneYear2023-02-28 06130182core:WithinOneYear2022-02-28 06130182core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 06130182core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 06130182core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 06130182core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 06130182core:PreviouslyStatedAmount2023-02-28 06130182core:PreviouslyStatedAmount2022-02-28 06130182business:SmallEntities2022-03-012023-02-28 06130182countries:EnglandWales2022-03-012023-02-28 06130182core:Goodwill2022-02-28 06130182core:Goodwill2023-02-28 06130182core:Goodwill2022-03-012023-02-28 06130182core:PlantMachinery2022-02-28 06130182core:MotorVehicles2022-02-28 06130182core:PlantMachinery2022-03-012023-02-28 06130182core:MotorVehicles2022-03-012023-02-28 06130182core:PlantMachinery2023-02-28 06130182core:MotorVehicles2023-02-28 061301822021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 06130182 (England and Wales)
VEGANTUNE SPORTSCAR AND MOTORSPORT CENTRE LTD Unaudited accounts for the year ended 28 February 2023
VEGANTUNE SPORTSCAR AND MOTORSPORT CENTRE LTD Unaudited accounts Contents
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VEGANTUNE SPORTSCAR AND MOTORSPORT CENTRE LTD Company Information for the year ended 28 February 2023
Director
Symon Tad Mark Nicholas-Jago
Company Number
06130182 (England and Wales)
Registered Office
421 HIGH ROAD N12 0AP
Accountants
Charterhouse Accountants 5 Eastgate Business Centre Eastern Avenue Burton on Trent Staffordshire DE13 0AT
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VEGANTUNE SPORTSCAR AND MOTORSPORT CENTRE LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
1 
Tangible assets
2,501 
54 
2,501 
55 
Creditors: amounts falling due within one year
(59,688)
(55,411)
Net current liabilities
(59,688)
(55,411)
Net liabilities
(57,187)
(55,356)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(57,188)
(55,357)
Shareholders' funds
(57,187)
(55,356)
For the year ending 28 February 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 3 May 2023 and were signed on its behalf by
Symon Tad Mark Nicholas-Jago Director Company Registration No. 06130182
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VEGANTUNE SPORTSCAR AND MOTORSPORT CENTRE LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
VEGANTUNE SPORTSCAR AND MOTORSPORT CENTRE LTD is a private company, limited by shares, registered in England and Wales, registration number 06130182. The registered office is 421 HIGH ROAD, N12 0AP.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
11,750 
At 28 February 2023
11,750 
Amortisation
At 1 March 2022
11,749 
Charge for the year
1 
At 28 February 2023
11,750 
Net book value
At 28 February 2023
- 
At 28 February 2022
1 
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VEGANTUNE SPORTSCAR AND MOTORSPORT CENTRE LTD Notes to the Accounts for the year ended 28 February 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
6,407 
- 
6,407 
Additions
- 
2,500 
2,500 
At 28 February 2023
6,407 
2,500 
8,907 
Depreciation
At 1 March 2022
6,353 
- 
6,353 
Charge for the year
53 
- 
53 
At 28 February 2023
6,406 
- 
6,406 
Net book value
At 28 February 2023
1 
2,500 
2,501 
At 28 February 2022
54 
- 
54 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
59,688 
55,411 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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