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REGISTERED NUMBER: 09242450 (England and Wales)















WENTVALLEY MOTORSPORTS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023






WENTVALLEY MOTORSPORTS LTD (REGISTERED NUMBER: 09242450)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Report of the Accountants 6

WENTVALLEY MOTORSPORTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: R G Meakin





REGISTERED OFFICE: GMT House
76 Leeds Road
Newton Bar
WAKEFIELD
West Yorkshire
WF1 2QF





REGISTERED NUMBER: 09242450 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

WENTVALLEY MOTORSPORTS LTD (REGISTERED NUMBER: 09242450)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 130,754 369,018

CURRENT ASSETS
Debtors 5 67,986 34,422
Cash at bank 183,108 44,578
251,094 79,000
CREDITORS
Amounts falling due within one year 6 147,085 123,921
NET CURRENT ASSETS/(LIABILITIES) 104,009 (44,921 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

234,763

324,097

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 234,663 323,997
SHAREHOLDERS' FUNDS 234,763 324,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 May 2024 and were signed by:





R G Meakin - Director


WENTVALLEY MOTORSPORTS LTD (REGISTERED NUMBER: 09242450)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Wentvalley Motorsports Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Machinery - 20% on cost
Fixtures and Fittings - 20% on cost
Motor Vehicles - 25% on cost
Computer Equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - NIL ) .

WENTVALLEY MOTORSPORTS LTD (REGISTERED NUMBER: 09242450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
Machinery Fittings Vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 373,293 11,077 124,614 844 509,828
Additions 420 - 60,000 2,269 62,689
Disposals (229,148 ) - (86,000 ) - (315,148 )
At 30 September 2023 144,565 11,077 98,614 3,113 257,369
DEPRECIATION
At 1 October 2022 59,554 8,408 72,415 433 140,810
Charge for year 25,394 695 8,715 703 35,507
Eliminated on disposal (13,639 ) - (36,063 ) - (49,702 )
At 30 September 2023 71,309 9,103 45,067 1,136 126,615
NET BOOK VALUE
At 30 September 2023 73,256 1,974 53,547 1,977 130,754
At 30 September 2022 313,739 2,669 52,199 411 369,018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,600 -
Other debtors 40,386 34,422
67,986 34,422

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 12,232 764
Taxation and social security (19,589 ) 21,371
Other creditors 154,442 101,786
147,085 123,921

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

WENTVALLEY MOTORSPORTS LTD (REGISTERED NUMBER: 09242450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
R G Meakin
Balance outstanding at start of year 9,497 1,708
Amounts advanced - 43,189
Amounts repaid (9,497 ) (35,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,497

9. RELATED PARTY DISCLOSURES

During the year the company repaid £Nil (2022: £1,200) to Wentvalley Aggregates & Recycling Ltd, a company controlled by R Meakin a shareholder. At the year end £10,669 (2022: £10,669) was still outstanding.

During the year the company repaid £100,000 (2022: loaned £100,000) by Meakin Investments Ltd, a company controlled by R Meakin a shareholder. At the year end £Nil (2022: £100,000) was still outstanding.

WENTVALLEY MOTORSPORTS LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
WENTVALLEY MOTORSPORTS LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 September 2023 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


14 May 2024