Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 06574335 D Wilson S Hunt O Hunt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06574335 2022-12-31 06574335 2023-12-31 06574335 2023-01-01 2023-12-31 06574335 frs-core:FurnitureFittings 2023-01-01 2023-12-31 06574335 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06574335 frs-core:MotorVehicles 2023-01-01 2023-12-31 06574335 frs-core:PlantMachinery 2023-01-01 2023-12-31 06574335 frs-core:ShareCapital 2023-12-31 06574335 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06574335 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06574335 frs-bus:AbridgedAccounts 2023-01-01 2023-12-31 06574335 frs-bus:SmallEntities 2023-01-01 2023-12-31 06574335 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06574335 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06574335 frs-bus:Director1 2023-01-01 2023-12-31 06574335 frs-bus:Director2 2023-01-01 2023-12-31 06574335 frs-bus:Director3 2023-01-01 2023-12-31 06574335 frs-countries:EnglandWales 2023-01-01 2023-12-31 06574335 2021-12-31 06574335 2022-12-31 06574335 2022-01-01 2022-12-31 06574335 frs-core:ShareCapital 2022-12-31 06574335 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06574335
20Ten Racing Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2023
Maple Accountancy Ltd
Carter House
Wyvern Business Park, Stanier Way
Derby
Derbyshire
DE21 6BF
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 06574335
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 47,999 24,432
47,999 24,432
CURRENT ASSETS
Debtors 27,458 21,195
Cash at bank and in hand 38,533 15,788
65,991 36,983
Creditors: Amounts Falling Due Within One Year (225,230 ) (233,582 )
NET CURRENT ASSETS (LIABILITIES) (159,239 ) (196,599 )
TOTAL ASSETS LESS CURRENT LIABILITIES (111,240 ) (172,167 )
NET LIABILITIES (111,240 ) (172,167 )
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account (111,340 ) (172,267 )
SHAREHOLDERS' FUNDS (111,240) (172,167)
Page 1
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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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
D Wilson
Director
18/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
20Ten Racing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06574335 . The registered office is Mayfield House Top Street, Elston, Newark, Nottinghamshire, NG23 5NP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold on cost
Plant & Machinery 25% On reducing cost
Motor Vehicles 25% On reducing cost
Fixtures & Fittings 25% On reducing cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 6)
6 6
4. Tangible Assets
Total
£
Cost
As at 1 January 2023 202,454
Additions 47,925
Disposals (34,263 )
As at 31 December 2023 216,116
Depreciation
As at 1 January 2023 178,022
Provided during the period 19,013
Disposals (28,918 )
As at 31 December 2023 168,117
Net Book Value
As at 31 December 2023 47,999
As at 1 January 2023 24,432
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5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4