Company Registration No. 13490564 (England and Wales)
Storming Camel Motorsport Ltd
Unaudited accounts
for the year ended 31 December 2023
Storming Camel Motorsport Ltd
Unaudited accounts
Contents
Storming Camel Motorsport Ltd
Company Information
for the year ended 31 December 2023
Directors
Niki Grove
Carlo Turner
Company Number
13490564 (England and Wales)
Registered Office
11 Mulberry Close
Meopham
Gravesend
DA13 0EP
Accountants
M A Accountancy Group
Wolfe Mead
Farnham Road
Bordon
Hampshire
GU35 0NH
Storming Camel Motorsport Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
36,844
37,162
Cash at bank and in hand
1,023
2,541
Creditors: amounts falling due within one year
(75,255)
(60,573)
Net current liabilities
(73,988)
(57,280)
Net liabilities
(37,144)
(20,118)
Called up share capital
100
100
Profit and loss account
(37,244)
(20,218)
Shareholders' funds
(37,144)
(20,118)
For the year ending 31 December 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 28 February 2024 and were signed on its behalf by
Niki Grove
Director
Company Registration No. 13490564
Storming Camel Motorsport Ltd
Notes to the Accounts
for the year ended 31 December 2023
Storming Camel Motorsport Ltd is a private company, limited by shares, registered in England and Wales, registration number 13490564. The registered office is 11 Mulberry Close , Meopham, Gravesend, DA13 0EP.
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.
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 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
Not depreciated
Computer equipment
25% on cost
At the balance sheet date the company had net liabilities of £37,144 (2022: £20,118). The ability of the company to continue to trade is dependant upon the continued support of the directors.
The directors are of the opinion that the company will continue to receive this support and on this basis consider it appropriate to prepare the accounts on the going concern basis.
Storming Camel Motorsport Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
35,916
1,273
37,189
At 31 December 2023
35,916
1,273
37,189
Charge for the year
-
318
318
At 31 December 2023
-
345
345
At 31 December 2023
35,916
928
36,844
At 31 December 2022
35,916
1,246
37,162
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
5,924
3,557
Loans from directors
67,951
56,616
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).