2023-01-01 03474590 2023-12-31 03474590 2023-01-01 2023-12-31 03474590 2022-12-31 03474590 2022-01-01 2022-12-31 03474590 uk-core:WithinOneYear 2022-12-31 03474590 uk-core:WithinOneYear 2023-12-31 03474590 uk-core:AfterOneYear 2022-12-31 03474590 uk-core:AfterOneYear 2023-12-31 03474590 uk-core:ShareCapital 2023-12-31 03474590 uk-core:ShareCapital 2022-12-31 03474590 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 03474590 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 03474590 uk-bus:Director1 2023-01-01 2023-12-31 03474590 uk-core:CommercialMotorVehicles 2022-12-31 03474590 uk-core:PlantMachinery 2022-12-31 03474590 uk-core:PlantMachinery 2023-12-31 03474590 uk-core:CommercialMotorVehicles 2023-12-31 03474590 uk-core:CommercialMotorVehicles 2023-01-01 2023-12-31 03474590 uk-core:PlantMachinery 2023-01-01 2023-12-31 03474590 uk-core:WithinOneYear 2023-12-31 03474590 uk-core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure 03474590 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03474590 uk-bus:FRS102 2023-01-01 2023-12-31 03474590 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 03474590 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Gay Kelleway Racing Limited
Registered Number:03474590
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Gay Kelleway Racing Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
03474590
As at 31 December 2023
Gay Kelleway Racing Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
62,782
75,981
2
62,782
75,981
Current assets
Inventories
35,000
-
3
Trade and other receivables
26,073
74,326
4
61,942
Cash and cash equivalents
55,572
129,898
123,015
Trade and other payables: amounts falling due within one
year
(113,490)
(93,893)
5
9,525
36,005
Net current assets
Total assets less current liabilities
98,787
85,506
Trade and other payables: amounts falling due after more
than one year
(64,739)
(83,176)
6
15,611
Net assets
20,767
Capital and reserves
Called up share capital
2
2
Retained earnings
15,609
20,765
15,611
20,767
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Gay Kelleway Director
These financial statements were approved and authorised for issue by the Board on 09 August 2024 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 December 2023
Gay Kelleway Racing Limited
Notes to the Financial Statements
Statutory Information
Gay Kelleway Racing Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 03474590.
Registered address:
2 Chapel St
Exning
Suffolk
CB8 7HA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Motor
Vehicles
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 January 2023
138,870
135,870
3,000
At 31 December 2023
3,000
135,870
138,870
Provision for depreciation and impairment
At 01 January 2023
62,889
61,389
1,500
Charge for year
13,199
12,449
750
At 31 December 2023
76,088
73,838
2,250
At 31 December 2023
Net book value
750
62,032
62,782
At 31 December 2022
1,500
74,481
75,981
3. Inventories
2022
2023
£
£
Stocks
-
35,000
2 of 3
5
For the year ended 31 December 2023
Gay Kelleway Racing Limited
Notes to the Financial Statements Continued
4. Trade and other receivables
2022
2023
£
£
Trade debtors
88,005
26,073
Other debtors
(13,679)
-
26,073
74,326
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
12,439
-
Trade creditors
19,933
29,955
Taxation and social security
31,739
8,846
Other creditors
29,782
74,689
93,893
113,490
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
83,176
64,739
7. Average number of persons employed
During the year the average number of employees was 5 (2022 : 5)
3 of 3