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Company Registration No. 06686169 (England and Wales)
CreationsMotorsport Limited Unaudited accounts for the year ended 30 September 2023
CreationsMotorsport Limited Unaudited accounts Contents
Page
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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
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CreationsMotorsport Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
277,059 
279,929 
Current assets
Inventories
14,000 
24,000 
Debtors
16,345 
- 
Cash at bank and in hand
119,530 
83,495 
149,875 
107,495 
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 
Capital and reserves
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
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CreationsMotorsport Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
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.
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.
Turnover
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:
Fixtures & fittings
18%
Stocks
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.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 October 2022
303,348 
At 30 September 2023
303,348 
Depreciation
At 1 October 2022
23,419 
Charge for the year
2,870 
At 30 September 2023
26,289 
Net book value
At 30 September 2023
277,059 
At 30 September 2022
279,929 
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CreationsMotorsport Limited Notes to the Accounts for the year ended 30 September 2023
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
6
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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