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Company Registration No. 9371738 (England and Wales)
Haz Motorsport Limited Unaudited accounts for the year ended 31 January 2024
Haz Motorsport Limited Unaudited accounts Contents
Page
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Haz Motorsport Limited Company Information for the year ended 31 January 2024
Director
Hasnain Khadim
Company Number
9371738 (England and Wales)
Registered Office
3E ANCHOR BRIDGE WAY DEWSBURY WF12 9QS ENGLAND
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Haz Motorsport Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
32,597 
20,340 
Current assets
Inventories
81,407 
81,407 
Debtors
12,362 
16,681 
Cash at bank and in hand
(410)
34,541 
93,359 
132,629 
Creditors: amounts falling due within one year
(7,799)
(11,493)
Net current assets
85,560 
121,136 
Total assets less current liabilities
118,157 
141,476 
Creditors: amounts falling due after more than one year
(90,829)
(85,469)
Provisions for liabilities
Deferred tax
(9,072)
- 
Net assets
18,256 
56,007 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
18,255 
56,006 
Shareholders' funds
18,256 
56,007 
For the year ending 31 January 2024 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 director acknowledges his 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 and authorised for issue on 25 September 2024 and were signed on its behalf by
Hasnain Khadim Director Company Registration No. 9371738
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Haz Motorsport Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Haz Motorsport Limited is a private company, limited by shares, registered in England and Wales, registration number 9371738. The registered office is 3E ANCHOR BRIDGE WAY, DEWSBURY, WF12 9QS, ENGLAND.
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.
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:
Land & buildings
20%
Plant & machinery
33%
Motor vehicles
33%
Fixtures & fittings
33%
Computer equipment
33%
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 February 2023
4,485 
47,965 
56,250 
4,208 
14,384 
127,292 
Additions
- 
939 
28,899 
- 
- 
29,838 
Disposals
- 
- 
(56,250)
- 
- 
(56,250)
At 31 January 2024
4,485 
48,904 
28,899 
4,208 
14,384 
100,880 
Depreciation
At 1 February 2023
3,588 
31,596 
56,250 
3,479 
12,039 
106,952 
Charge for the year
897 
11,100 
5,563 
21 
- 
17,581 
On disposals
- 
- 
(56,250)
- 
- 
(56,250)
At 31 January 2024
4,485 
42,696 
5,563 
3,500 
12,039 
68,283 
Net book value
At 31 January 2024
- 
6,208 
23,336 
708 
2,345 
32,597 
At 31 January 2023
897 
16,369 
- 
729 
2,345 
20,340 
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Haz Motorsport Limited Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,732 
- 
Trade debtors
1,176 
13,995 
Accrued income and prepayments
5,381 
2,693 
Other debtors
2,073 
(7)
12,362 
16,681 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,597 
2,737 
Trade creditors
861 
1,539 
Taxes and social security
398 
1,349 
Other creditors
- 
138 
Accruals
4,943 
5,730 
7,799 
11,493 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
35,082 
60,970 
Loans from directors
55,747 
24,499 
90,829 
85,469 
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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