Registered number: 06746639 | ||||||||
FOR THE YEAR ENDED 30 NOVEMBER 2023 | ||||||||
Prepared By: | ||||||||
Simon Porter FCA | ||||||||
1 Prospect Street | ||||||||
Caversham | ||||||||
Reading | ||||||||
RG4 8JB |
Spy Motorsport Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30 NOVEMBER 2023 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
Peter Young | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 06746639 | ||||||||
ACCOUNTANTS | ||||||||
Simon Porter FCA | ||||||||
1 Prospect Street | ||||||||
Caversham | ||||||||
Reading | ||||||||
RG4 8JB |
Spy Motorsport Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30 NOVEMBER 2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Spy Motorsport Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
32,444 | 26,810 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | (193,384) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ( | ( | ||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 35,007 | 40,741 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET LIABILITIES | ( | ( | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | (206,590) | (214,440) | ||||||||
SHAREHOLDERS' FUNDS | ( | ( | ||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Spy Motorsport Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30 NOVEMBER 2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 20% | |||||||
Commercial Vehicles | straight line 25% | |||||||
Fixtures and Fittings | reducing balance 20% | |||||||
Equipment | straight line 33% |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 4 | |||||
Spy Motorsport Limited | ||||||||
3. TANGIBLE FIXED ASSETS | ||||||||||
Plant and | Commercial | Fixtures | ||||||||
Machinery | Vehicles | and Fittings | Equipment | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 1 December 2022 | 29,402 | 88,286 | 4,451 | 4,931 | 127,070 | |||||
Disposals | - | (17,225) | - | - | (17,225) | |||||
At 30 November 2023 | 29,402 | 71,061 | 4,451 | 4,931 | 109,845 | |||||
Depreciation | ||||||||||
At 1 December 2022 | 12,561 | 81,987 | 3,933 | 4,281 | 102,762 | |||||
Disposals | - | (17,225) | - | - | (17,225) | |||||
For the year | 3,368 | 4,137 | 104 | 567 | 8,176 | |||||
At 30 November 2023 | 15,929 | 68,899 | 4,037 | 4,848 | 93,713 | |||||
Net Book Amounts | ||||||||||
At 30 November 2023 | 16,132 | |||||||||
At 30 November 2022 | 24,308 | |||||||||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 22,904 | - | ||||||
Other taxation and social security | - | 1,790 | ||||||
Prepayments | 2,634 | 2,475 | ||||||
25,538 | 4,265 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Other taxation and social security | 3,836 | - | ||||||
Directors current account | 209,182 | 213,133 | ||||||
Loans | 5,707 | 5,556 | ||||||
Accruals | 1,430 | 1,505 | ||||||
220,155 | 220,194 | |||||||
Spy Motorsport Limited | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 35,007 | 40,741 | ||||||
35,007 | 40,741 | |||||||
7. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | - | 4,619 | ||||||
- | 4,619 | |||||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
4 | 4 | |||||||
4 | 4 | |||||||