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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
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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
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Storming Camel Motorsport Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,844 
37,162 
Current assets
Debtors
244 
752 
Cash at bank and in hand
1,023 
2,541 
1,267 
3,293 
Creditors: amounts falling due within one year
(75,255)
(60,573)
Net current liabilities
(73,988)
(57,280)
Net liabilities
(37,144)
(20,118)
Capital and reserves
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
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Storming Camel Motorsport Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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.
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 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
Going concern
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.
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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 
Depreciation
At 1 January 2023
- 
27 
27 
Charge for the year
- 
318 
318 
At 31 December 2023
- 
345 
345 
Net book value
At 31 December 2023
35,916 
928 
36,844 
At 31 December 2022
35,916 
1,246 
37,162 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
244 
752 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
5,924 
3,557 
Loans from directors
67,951 
56,616 
Accruals
1,380 
400 
75,255 
60,573 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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