7 September 2022 false No description of principal activity Taxfiler 2024.2 14343368business:PrivateLimitedCompanyLtd2022-09-072023-09-30 143433682022-09-06 143433682022-09-072023-09-30 14343368business:AuditExemptWithAccountantsReport2022-09-072023-09-30 14343368business:FilletedAccounts2022-09-072023-09-30 143433682023-09-30 14343368business:Director12022-09-072023-09-30 14343368business:Director22022-09-072023-09-30 14343368business:RegisteredOffice2022-09-072023-09-30 14343368core:WithinOneYear2023-09-30 14343368core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 14343368core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 14343368core:PreviouslyStatedAmount2023-09-30 14343368business:SmallEntities2022-09-072023-09-30 14343368countries:EnglandWales2022-09-072023-09-30 14343368core:PlantMachinery2022-09-072023-09-30 14343368core:MotorVehicles2022-09-072023-09-30 14343368core:PlantMachinery2022-09-06 14343368core:MotorVehicles2022-09-06 14343368core:PlantMachinery2023-09-30 14343368core:MotorVehicles2023-09-30 14343368business:OrdinaryShareClass12022-09-072023-09-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 14343368 (England and Wales)
TF Racing Ltd Unaudited accounts for the period from 7 September 2022 to 30 September 2023
TF Racing Ltd Unaudited accounts Contents
Page
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TF Racing Ltd Company Information for the period from 7 September 2022 to 30 September 2023
Directors
Richard Fleming Thomas Fleming
Company Number
14343368 (England and Wales)
Registered Office
3RD FLOOR OFFICE 207 REGENT STREET LONDON W1B 3HH ENGLAND
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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TF Racing Ltd Statement of financial position as at 30 September 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
174,408 
Current assets
Debtors
41,063 
Cash at bank and in hand
73,780 
114,843 
Creditors: amounts falling due within one year
(778,536)
Net current liabilities
(663,693)
Net liabilities
(489,285)
Capital and reserves
Called up share capital
100 
Profit and loss account
(489,385)
Shareholders' funds
(489,285)
For the period 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.
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 27 March 2024 and were signed on its behalf by
Richard Fleming Director Company Registration No. 14343368
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TF Racing Ltd Notes to the Accounts for the period from 7 September 2022 to 30 September 2023
1
Statutory information
TF Racing Ltd is a private company, limited by shares, registered in England and Wales, registration number 14343368. The registered office is 3RD FLOOR OFFICE, 207 REGENT STREET, LONDON, W1B 3HH, 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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
3 year straight line
Motor vehicles
4 year straight line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 7 September 2022
- 
- 
- 
Additions
285 
226,002 
226,287 
At 30 September 2023
285 
226,002 
226,287 
Depreciation
Charge for the period
87 
51,792 
51,879 
At 30 September 2023
87 
51,792 
51,879 
Net book value
At 30 September 2023
198 
174,210 
174,408 
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TF Racing Ltd Notes to the Accounts for the period from 7 September 2022 to 30 September 2023
5
Debtors
2023 
£ 
Amounts falling due within one year
VAT
41,063 
6
Creditors: amounts falling due within one year
2023 
£ 
Trade creditors
689 
Loans from directors
777,847 
778,536 
7
Share capital
2023 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
8
Average number of employees
During the period the average number of employees was 0.
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