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COMPANY REGISTRATION NUMBER: 10552311
K W Racing Ltd
Filleted Unaudited Financial Statements
31 January 2024
K W Racing Ltd
Statement of Financial Position
31 January 2024
2024
2023
£
£
Fixed assets
21,312
28,554
--------
--------
Current assets
75,829
82,767
Creditors: amounts falling due within one year
37,658
46,767
--------
--------
Net current assets
38,171
36,000
--------
--------
Total assets less current liabilities
59,483
64,554
Accruals and deferred income
1,930
3,590
--------
--------
57,553
60,964
--------
--------
Capital and reserves
57,553
60,964
--------
--------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
2. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr W J Phillips
( 22,791)
( 18,659)
17,290
( 24,160)
--------
--------
--------
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr W J Phillips
( 25,190)
( 13,620)
16,019
( 22,791)
--------
--------
--------
--------
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 26 September 2024 , and are signed on behalf of the board by:
Mr W J Phillips
Director
Company registration number: 10552311
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 3, Bignell Park Barns, Chesterton, Nr Bicester, Oxon, OX26 ITD.