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REGISTERED NUMBER: 13763507 (England and Wales)















THE PISTON CLUB LIMITED

Unaudited Financial Statements for the Year Ended 30 November 2023






THE PISTON CLUB LIMITED (REGISTERED NUMBER: 13763507)






Contents of the Financial Statements
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


THE PISTON CLUB LIMITED

Company Information
for the year ended 30 November 2023







Director: A L Weaver





Registered office: Automotive Brands Building
Old Concrete Works
Bretforton Road, Weston Subedge
Evesham, Worcestershire
England
WR11 7QA





Registered number: 13763507 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

THE PISTON CLUB LIMITED (REGISTERED NUMBER: 13763507)

Balance Sheet
30 November 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 19,526 -

Current assets
Stocks 5 20,021 -
Debtors 6 70,088 1
Cash at bank 5,568 -
95,677 1
Creditors
Amounts falling due within one year 7 250,514 -
Net current (liabilities)/assets (154,837 ) 1
Total assets less current liabilities (135,311 ) 1

Capital and reserves
Called up share capital 1 1
Retained earnings (135,312 ) -
Shareholders' funds (135,311 ) 1

THE PISTON CLUB LIMITED (REGISTERED NUMBER: 13763507)

Balance Sheet - continued
30 November 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





A L Weaver - Director


THE PISTON CLUB LIMITED (REGISTERED NUMBER: 13763507)

Notes to the Financial Statements
for the year ended 30 November 2023

1. Statutory information

The Piston Club Limited ("the company") is a private company, limited by shares, registered in England and Wales. The address of its registered office is Automotive Brands Building, Old Concrete Works, Bretforton Road, Weston Subedge, Evesham, Worcestershire, England, WR11 7QA.

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.

Going concern
Despite suffering losses in the current year, the entity continues to trade with the continued support of the director. Therefore the director considers that the financial statemetns should be prepared on a going concern basis.

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 each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 the financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year 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.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks, other third parties and loans with related parties.

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised costs.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

THE PISTON CLUB LIMITED (REGISTERED NUMBER: 13763507)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

2. Accounting policies - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Pensions
The company contributes to defined contribution pension plans for its employees. A defined contribution pension plan is a plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in indepedently administered funds.

3. Employees and directors

The average number of employees during the year was 18 (2022 - 1 ) .

4. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
Cost
Additions 4,596 15,422 868 20,886
At 30 November 2023 4,596 15,422 868 20,886
Depreciation
Charge for year 254 995 111 1,360
At 30 November 2023 254 995 111 1,360
Net book value
At 30 November 2023 4,342 14,427 757 19,526

5. Stocks
2023 2022
£ £
Goods for resale 20,021 -

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 600 -
Other debtors 69,488 1
70,088 1

7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 69,828 -
Trade creditors 60,851 -
Taxation and social security 37,458 -
Other creditors 82,377 -
250,514 -