Company Registration No. 06686169 (England and Wales)
CreationsMotorsport Limited
Unaudited accounts
for the year ended 30 September 2023
CreationsMotorsport Limited
Unaudited accounts
Contents
CreationsMotorsport Limited
Company Information
for the year ended 30 September 2023
Directors
Amjid Suleman
Naseer Hafeez
Company Number
06686169 (England and Wales)
Registered Office
276-278 WARWICK ROAD
GREET
BIRMINGHAM
WEST MIDLANDS
B11 2NU
UK
Accountants
Naseems
104 Stoney Lane
Sparkbrook
Birmingham
B12 8AF
CreationsMotorsport Limited
Statement of financial position
as at 30 September 2023
Tangible assets
277,059
279,929
Cash at bank and in hand
119,530
83,495
Creditors: amounts falling due within one year
(211,100)
(92,023)
Net current (liabilities)/assets
(61,225)
15,472
Total assets less current liabilities
215,834
295,401
Creditors: amounts falling due after more than one year
-
(84,753)
Net assets
215,834
210,648
Called up share capital
100
100
Profit and loss account
215,734
210,548
Shareholders' funds
215,834
210,648
For the year ending 30 September 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 Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by
Naseer Hafeez
Director
Company Registration No. 06686169
CreationsMotorsport Limited
Notes to the Accounts
for the year ended 30 September 2023
CreationsMotorsport Limited is a private company, limited by shares, registered in England and Wales, registration number 06686169. The registered office is 276-278 WARWICK ROAD, GREET, BIRMINGHAM, WEST MIDLANDS, B11 2NU, UK.
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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 year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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.
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Tangible fixed assets
Total
At 30 September 2023
303,348
At 30 September 2023
26,289
At 30 September 2023
277,059
At 30 September 2022
279,929
CreationsMotorsport Limited
Notes to the Accounts
for the year ended 30 September 2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 5 (2022: 5).