Company Registration No. 10850598 (England and Wales)
AB RACE CRUISERS LIMITED
Unaudited accounts
for the year ended 31 July 2023
AB RACE CRUISERS LIMITED
Unaudited accounts
Contents
AB RACE CRUISERS LIMITED
Company Information
for the year ended 31 July 2023
Company Number
10850598 (England and Wales)
Registered Office
SPEEDWELL INDUSTRIAL ESTATE, FAN ROAD
STAVELEY
CHESTERFIELD
DERBYSHIRE
S43 3PT
UNITED KINGDOM
Accountants
Justin Fowler
ASF Accounting Services
96 Norton Park View
Sheffield
South Yorkshire
S8 8GT
AB RACE CRUISERS LIMITED
Statement of financial position
as at 31 July 2023
Tangible assets
151,132
128,964
Inventories
151,704
204,054
Cash at bank and in hand
115,626
398,580
Creditors: amounts falling due within one year
(270,423)
(266,294)
Net current assets
416,984
380,611
Net assets
568,116
509,575
Called up share capital
100
100
Profit and loss account
568,016
509,475
Shareholders' funds
568,116
509,575
For the year ending 31 July 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 19 July 2024 and were signed on its behalf by
Jonathan Birks
Director
Company Registration No. 10850598
AB RACE CRUISERS LIMITED
Notes to the Accounts
for the year ended 31 July 2023
AB RACE CRUISERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10850598. The registered office is SPEEDWELL INDUSTRIAL ESTATE, FAN ROAD, STAVELEY, CHESTERFIELD, DERBYSHIRE, S43 3PT, UNITED KINGDOM.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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Tangible fixed assets
Total
Charge for the year
30,271
Barclays Bank Plc holds a charge over the assets of the company in respect of a mortgage totalling £250,000 for Mr Jonathan Birks, a director.
AB RACE CRUISERS LIMITED
Notes to the Accounts
for the year ended 31 July 2023
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Average number of employees
During the year the average number of employees was 5 (2022: 5).