16 August 2022 false No description of principal activity Taxfiler 2023.14 SC741373business:PrivateLimitedCompanyLtd2022-08-162023-08-31 SC7413732022-08-15 SC7413732022-08-162023-08-31 SC741373business:AuditExempt-NoAccountantsReport2022-08-162023-08-31 SC741373business:FilletedAccounts2022-08-162023-08-31 SC7413732023-08-31 SC741373business:Director12022-08-162023-08-31 SC741373business:RegisteredOffice2022-08-162023-08-31 SC741373core:WithinOneYear2023-08-31 SC741373core:AfterOneYear2023-08-31 SC741373core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 SC741373core:PreviouslyStatedAmount2023-08-31 SC741373business:SmallEntities2022-08-162023-08-31 SC741373countries:Scotland2022-08-162023-08-31 iso4217:GBP xbrli:pure
Company Registration No. SC741373 (Scotland)
KTS Racing Limited Unaudited accounts for the period from 16 August 2022 to 31 August 2023
KTS Racing Limited Unaudited accounts Contents
Page
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KTS Racing Limited Company Information for the period from 16 August 2022 to 31 August 2023
Director
Kevin Watret
Company Number
SC741373 (Scotland)
Registered Office
25 NORTHFIELD PARK ANNAN DG12 5EZ UNITED KINGDOM
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KTS Racing Limited Statement of financial position as at 31 August 2023
2023 
Notes
£ 
Current assets
Debtors
9,066 
Cash at bank and in hand
3,454 
12,520 
Creditors: amounts falling due within one year
(8,269)
Net current assets
4,251 
Total assets less current liabilities
4,251 
Creditors: amounts falling due after more than one year
(4,151)
Net assets
100 
Capital and reserves
Called up share capital
100 
Shareholders' funds
100 
For the period ending 31 August 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 13 December 2023 and were signed on its behalf by
Kevin Watret Director Company Registration No. SC741373
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KTS Racing Limited Notes to the Accounts for the period from 16 August 2022 to 31 August 2023
1
Statutory information
KTS Racing Limited is a private company, limited by shares, registered in Scotland, registration number SC741373. The registered office is 25 NORTHFIELD PARK, ANNAN, DG12 5EZ, UNITED KINGDOM.
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 period, 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.
4
Debtors
2023 
£ 
Amounts falling due within one year
VAT
8,966 
Amounts falling due after more than one year
Other debtors
100 
5
Creditors: amounts falling due within one year
2023 
£ 
Loans from directors
7,469 
Accruals
800 
8,269 
6
Creditors: amounts falling due after more than one year
2023 
£ 
Accruals
4,151 
7
Average number of employees
During the period the average number of employees was 0.
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