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REGISTERED NUMBER: 06017587 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2023 TO 31 JULY 2024

FOR

STARTRAX OVAL MOTORSPORT LIMITED

STARTRAX OVAL MOTORSPORT LIMITED (REGISTERED NUMBER: 06017587)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STARTRAX OVAL MOTORSPORT LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MARCH 2023 TO 31 JULY 2024







DIRECTOR: S K Rees





SECRETARY: J M Rees





REGISTERED OFFICE: Bates Mill
Colne Road
Huddersfield
HD1 3AG





REGISTERED NUMBER: 06017587 (England and Wales)





ACCOUNTANTS: DJH Huddersfield Ltd
Bates Mill
Colne Road
Huddersfield
HD1 3AG

STARTRAX OVAL MOTORSPORT LIMITED (REGISTERED NUMBER: 06017587)

BALANCE SHEET
31 JULY 2024

31.7.24 28.2.23
Notes £    £   
CURRENT ASSETS
Debtors 5 - 517
Cash at bank and in hand 61,804 370,372
61,804 370,889
CREDITORS
Amounts falling due within one year 6 34,204 168,306
NET CURRENT ASSETS 27,600 202,583
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,600

202,583

CREDITORS
Amounts falling due after more than one
year

7

2,502

6,752
NET ASSETS 25,098 195,831

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 24,998 195,731
SHAREHOLDERS' FUNDS 25,098 195,831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

STARTRAX OVAL MOTORSPORT LIMITED (REGISTERED NUMBER: 06017587)

BALANCE SHEET - continued
31 JULY 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 August 2024 and were signed by:





S K Rees - Director


STARTRAX OVAL MOTORSPORT LIMITED (REGISTERED NUMBER: 06017587)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 31 JULY 2024


1. STATUTORY INFORMATION

Startrax Oval Motorsport 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company has now ceased its trading activities and the director's intention is to pay all remaining creditors and liquidate the company as soon as possible. For this reason the accounting reference date has been changed to 31 July and these accounts cover a 17 month period to that date. The amounts are not directly comparable to those of the prior period.

Financial instruments
The company has chosen to adopt Section 11 of FRS 102 in respect of financial instruments.

Short term debtors are measured at transaction price, less any impairment.

Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and subsequently at amortised cost using the effective interest method.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - 2 ).

STARTRAX OVAL MOTORSPORT LIMITED (REGISTERED NUMBER: 06017587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 JULY 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 28.2.23
£    £   
Other debtors - 517

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 28.2.23
£    £   
Bank loans and overdrafts 3,000 3,000
Trade creditors 1,314 6,517
Other creditors 29,890 158,789
34,204 168,306

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 28.2.23
£    £   
Bank loans 2,502 6,752

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

Director
31.07.24 28.02.23
£ £
Amounts due to related parties 27,890 153,383