Registered number
08564705
Stephanie Hollinshead Racing Limited
Filleted Accounts
30 June 2024
Stephanie Hollinshead Racing Limited
Registered number: 08564705
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 325,241 169,394
Current assets
Stocks 15,393 23,101
Debtors 4 42,893 46,136
Cash at bank and in hand 5,358 2,136
63,644 71,373
Creditors: amounts falling due within one year 5 (156,628) (163,578)
Net current liabilities (92,984) (92,205)
Total assets less current liabilities 232,257 77,189
Creditors: amounts falling due after more than one year 6 (299,090) (145,022)
Net liabilities (66,833) (67,833)
Capital and reserves
Called up share capital 100 100
Profit and loss account (66,933) (67,933)
Shareholder's funds (66,833) (67,833)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Stephanie Claire Hawkins
Director
Approved by the board on 7 September 2024
Stephanie Hollinshead Racing Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years to 25 years
Motor vehicles over 4 to 6 years
Stocks
Stocks are measured at the lower of cost or estimated realisable value.
Debtors
Short term debtors are measured at transaction price.
Creditors
Short term creditors are measured at transaction price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 7
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 108,973 34,514 65,740 209,227
Additions - 173,323 - 173,323
Disposals - (16,172) (2,000) (18,172)
At 30 June 2024 108,973 191,665 63,740 364,378
Depreciation
At 1 July 2023 - 18,593 21,240 39,833
Charge for the year - 7,643 8,250 15,893
On disposals - (16,172) (417) (16,589)
At 30 June 2024 - 10,064 29,073 39,137
Net book value
At 30 June 2024 108,973 181,601 34,667 325,241
At 30 June 2023 108,973 15,921 44,500 169,394
4 Debtors 2024 2023
£ £
Trade debtors 42,893 45,317
Other debtors - 819
42,893 46,136
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,000 5,000
Trade creditors 33,460 34,770
Taxation and social security costs 57,280 54,539
Other creditors 60,888 69,269
156,628 163,578
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 29,849 35,604
Other creditors 269,241 109,418
299,090 145,022
7 Loans 2024 2023
£ £
Creditors include:
Secured loans 109,418 109,418
8 Other information
Stephanie Hollinshead Racing Limited is a private company limited by shares and incorporated in England. Its registered office is:
Catmint Lodge
Bardy Lane
Upper Longdon
Rugeley
WS15 4LJ
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