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Company Registration No. 09858189 (England and Wales)
NAWTON RACING LIMITED Unaudited accounts for the period from 1 December 2022 to 31 December 2023
NAWTON RACING LIMITED Unaudited accounts Contents
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NAWTON RACING LIMITED Company Information for the period from 1 December 2022 to 31 December 2023
Director
R G Fell
Company Number
09858189 (England and Wales)
Registered Office
ARTHINGTON BARN STABLES, HIGHFIELD LANE NAWTON YORK NORTH YORKSHIRE YO62 7TU
Accountants
JOHN TURNER, CHARTERED ACCOUNTANT 104 PENISTONE ROAD KIRKBURTON HUDDERSFIELD WEST YORKSHIRE HD8 0TA
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NAWTON RACING LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
66,771 
39,027 
Current assets
Inventories
111,324 
245,441 
Debtors
77,776 
73,968 
Cash at bank and in hand
250,101 
367,282 
439,201 
686,691 
Creditors: amounts falling due within one year
(79,142)
(226,933)
Net current assets
360,059 
459,758 
Total assets less current liabilities
426,830 
498,785 
Provisions for liabilities
Deferred tax
(12,686)
(7,415)
Net assets
414,144 
491,370 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
414,044 
491,270 
Shareholders' funds
414,144 
491,370 
For the period ending 31 December 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 26 March 2024 and were signed on its behalf by
R G Fell Director Company Registration No. 09858189
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NAWTON RACING LIMITED Notes to the Accounts for the period from 1 December 2022 to 31 December 2023
1
Statutory information
NAWTON RACING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09858189. The registered office is ARTHINGTON BARN STABLES, HIGHFIELD LANE, NAWTON, YORK, NORTH YORKSHIRE, YO62 7TU.
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.
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:
Motor vehicles
25% reducing balance method
Computer equipment
25% reducing balance method
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
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NAWTON RACING LIMITED Notes to the Accounts for the period from 1 December 2022 to 31 December 2023
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
76,500 
416 
76,916 
Additions
50,000 
- 
50,000 
At 31 December 2023
126,500 
416 
126,916 
Depreciation
At 1 December 2022
37,547 
342 
37,889 
Charge for the period
22,238 
18 
22,256 
At 31 December 2023
59,785 
360 
60,145 
Net book value
At 31 December 2023
66,715 
56 
66,771 
At 30 November 2022
38,953 
74 
39,027 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
77,219 
71,841 
Accrued income and prepayments
557 
2,127 
77,776 
73,968 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
17,574 
7,855 
Trade creditors
55,770 
199,143 
Taxes and social security
5,798 
19,935 
79,142 
226,933 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Transactions with related parties
In a prior year the Company had purchased goods and services amounting to £115856 from Nawton Bloodstock Limited, a company in which Mr R G Fell had an interest as director. At the financial year end the Company owed Nawton Bloodstock Limited £NIL. (2022 £115856).
9
Controlling party
The ultimate controlling party is Holme Lane Haulage Limited, Company No 02203653.
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NAWTON RACING LIMITED Notes to the Accounts for the period from 1 December 2022 to 31 December 2023
10
Average number of employees
During the period the average number of employees was 11 (2022: 11).
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