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Company Registration No. 11509807 (England and Wales)
Silverstone Dream Cars Ltd Unaudited accounts for the year ended 31 August 2023
Silverstone Dream Cars Ltd Unaudited accounts Contents
Page
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Silverstone Dream Cars Ltd Company Information for the year ended 31 August 2023
Directors
Gareth Pugh Ryan O'Neill
Company Number
11509807 (England and Wales)
Registered Office
Unit 10 TANYARD The Tanyard Leigh Road Street BA16 0HD England
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Silverstone Dream Cars Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
81,983 
- 
Current assets
Inventories
44,000 
34,850 
Debtors
4,017 
51,896 
Cash at bank and in hand
11,429 
12,279 
59,446 
99,025 
Creditors: amounts falling due within one year
(52,605)
(68,711)
Net current assets
6,841 
30,314 
Total assets less current liabilities
88,824 
30,314 
Creditors: amounts falling due after more than one year
(69,478)
(30,000)
Net assets
19,346 
314 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
19,342 
310 
Shareholders' funds
19,346 
314 
For the year ending 31 August 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 30 August 2024 and were signed on its behalf by
Gareth Pugh Director Company Registration No. 11509807
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Silverstone Dream Cars Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Silverstone Dream Cars Ltd is a private company, limited by shares, registered in England and Wales, registration number 11509807. The registered office is Unit 10 TANYARD The Tanyard, Leigh Road, Street, BA16 0HD, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
20% Reducing Balance
Computer equipment
25% Straight Line
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
- 
- 
- 
Additions
80,600 
3,356 
83,956 
At 31 August 2023
80,600 
3,356 
83,956 
Depreciation
Charge for the year
1,344 
629 
1,973 
At 31 August 2023
1,344 
629 
1,973 
Net book value
At 31 August 2023
79,256 
2,727 
81,983 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
4,017 
51,896 
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Silverstone Dream Cars Ltd Notes to the Accounts for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Obligations under finance leases and hire purchase contracts
9,000 
- 
Taxes and social security
- 
9,516 
Other creditors
32,205 
29,845 
Accruals
1,400 
19,350 
52,605 
68,711 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,750 
30,000 
Obligations under finance leases and hire purchase contracts
46,600 
- 
Loans from directors
2,128 
- 
69,478 
30,000 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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