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REGISTERED NUMBER: 02937391 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

PF International Karting Limited

PF International Karting Limited (Registered number: 02937391)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


PF International Karting Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr George Paul Fletcher
Mrs Diane Salisbury
Mrs Susan Kay Clayton



REGISTERED OFFICE: 19 Dobcroft Close
Sheffield
South Yorkshire
S11 9LL



REGISTERED NUMBER: 02937391 (England and Wales)



ACCOUNTANTS: Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: Virgin Money
66 Fargate
Sheffield
South Yorkshire
S1 2HE

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
PF International Karting Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PF International Karting Limited for the year ended 30 June 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of PF International Karting Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PF International Karting Limited and state those matters that we have agreed to state to the Board of Directors of PF International Karting Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PF International Karting Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that PF International Karting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PF International Karting Limited. You consider that PF International Karting Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PF International Karting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR


12 August 2024

PF International Karting Limited (Registered number: 02937391)

Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,148,360 4,191,220

CURRENT ASSETS
Debtors 5 18,860 20,023
Cash at bank 210,196 90,030
229,056 110,053
CREDITORS
Amounts falling due within one year 6 (58,592 ) (50,417 )
NET CURRENT ASSETS 170,464 59,636
TOTAL ASSETS LESS CURRENT LIABILITIES 4,318,824 4,250,856

CAPITAL AND RESERVES
Called up share capital 5,613,420 5,613,420
Retained earnings (1,294,596 ) (1,362,564 )
4,318,824 4,250,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:




Mr George Paul Fletcher - Director


PF International Karting Limited (Registered number: 02937391)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

PF International Karting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 25% on cost and 2% on cost
Plant and machinery - 25% on cost and 10% on cost
Fixtures and fittings - 25% on reducing balance

Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors consider the company to be a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

PF International Karting Limited (Registered number: 02937391)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 July 2023 5,756,153 701,605 87,714 6,545,472
Additions 36,729 30,033 7,593 74,355
At 30 June 2024 5,792,882 731,638 95,307 6,619,827
DEPRECIATION
At 1 July 2023 1,634,415 676,231 43,606 2,354,252
Charge for year 95,755 9,342 12,118 117,215
At 30 June 2024 1,730,170 685,573 55,724 2,471,467
NET BOOK VALUE
At 30 June 2024 4,062,712 46,065 39,583 4,148,360
At 30 June 2023 4,121,738 25,374 44,108 4,191,220

Included in cost of land and buildings is freehold land of £ 963,656 (2023 - £ 963,656 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 12,500 10,800
Other debtors 6,360 9,223
18,860 20,023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade creditors 12,026 359
Taxation and social security 4,218 3,142
Other creditors 42,348 46,916
58,592 50,417

PF International Karting Limited (Registered number: 02937391)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30/6/24 30/6/23
£    £   
Mr George Paul Fletcher
Balance outstanding at start of year - (18,256 )
Amounts advanced - 50,000
Amounts repaid - (31,744 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -