Company Registration No. 08297045 (England and Wales)
Greensall Motorsport Ltd
Unaudited accounts
for the year ended 30 November 2023
Greensall Motorsport Ltd
Unaudited accounts
Contents
Greensall Motorsport Ltd
Company Information
for the year ended 30 November 2023
Directors
N W Greensall
N C Greensall
Company Number
08297045 (England and Wales)
Registered Office
Flat 3
John Forbes House
15 Pittville Crescent
Cheltenham
GL52 2QZ
Accountants
O'Meara Fitzmaurice & Co
Brimstage Hall
Brimstage Road
Wirral
CH63 6JA
Greensall Motorsport Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
103,327
102,327
Cash at bank and in hand
91,895
132,265
Creditors: amounts falling due within one year
(156,339)
(165,698)
Net current liabilities
(64,444)
(33,433)
Called up share capital
200
200
Profit and loss account
38,683
68,694
Shareholders' funds
38,883
68,894
For the year ending 30 November 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 29 August 2024 and were signed on its behalf by
N W Greensall
Director
Company Registration No. 08297045
Greensall Motorsport Ltd
Notes to the Accounts
for the year ended 30 November 2023
Greensall Motorsport Ltd is a private company, limited by shares, registered in England and Wales, registration number 08297045. The registered office is Flat 3, John Forbes House, 15 Pittville Crescent, Cheltenham, GL52 2QZ.
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.
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:
Plant & machinery
20% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
20% on reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2022
16,080
116,577
1,599
4,047
138,303
Additions
1,000
-
-
-
1,000
At 30 November 2023
17,080
116,577
1,599
4,047
139,303
At 1 December 2022
9,440
23,527
798
2,211
35,976
At 30 November 2023
9,440
23,527
798
2,211
35,976
At 30 November 2023
7,640
93,050
801
1,836
103,327
At 30 November 2022
6,640
93,050
801
1,836
102,327
Greensall Motorsport Ltd
Notes to the Accounts
for the year ended 30 November 2023
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
156,339
153,190
6
Average number of employees
During the year the average number of employees was 2 (2022: 2).