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Company Registration No. 13619344 (England and Wales)
Alex Solley Racing Ltd Unaudited accounts for the year ended 31 August 2023
Alex Solley Racing Ltd Unaudited accounts Contents
Page
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Alex Solley Racing Ltd Company Information for the year ended 31 August 2023
Director
Colin Solley
Company Number
13619344 (England and Wales)
Registered Office
65 TENNYSON AVENUE HOUGHTON REGIS DUNSTABLE LU5 5UG ENGLAND
Accountants
Ace Tax and Bookkeeping Solutions DBH6 Diss Business Hub Diss Business Park Diss Norfolk IP22 4GT
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Alex Solley Racing Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
887 
229 
Current assets
Debtors
7,643 
400 
Cash at bank and in hand
(48)
21,241 
7,595 
21,641 
Creditors: amounts falling due within one year
(5,584)
(3,545)
Net current assets
2,011 
18,096 
Total assets less current liabilities
2,898 
18,325 
Creditors: amounts falling due after more than one year
(43,930)
(47,955)
Net liabilities
(41,032)
(29,630)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(41,132)
(29,730)
Shareholders' funds
(41,032)
(29,630)
For the year 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 18 March 2024 and were signed on its behalf by
Colin Solley Director Company Registration No. 13619344
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Alex Solley Racing Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Alex Solley Racing Ltd is a private company, limited by shares, registered in England and Wales, registration number 13619344. The registered office is 65 TENNYSON AVENUE, HOUGHTON REGIS, DUNSTABLE, LU5 5UG, ENGLAND.
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:
Plant & machinery
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2022
272 
Additions
774 
At 31 August 2023
1,046 
Depreciation
At 1 September 2022
43 
Charge for the year
116 
At 31 August 2023
159 
Net book value
At 31 August 2023
887 
At 31 August 2022
229 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,643 
400 
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Alex Solley Racing Ltd Notes to the Accounts for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
(1,414)
Other creditors
5,584 
4,959 
5,584 
3,545 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
42,980 
47,505 
Accruals
950 
450 
43,930 
47,955 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 1 (2022: 0).
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