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Company Registration No. 03083519 (England and Wales)
GWENT KARTING LIMITED Unaudited accounts for the year ended 31 July 2024
GWENT KARTING LIMITED Unaudited accounts Contents
Page
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GWENT KARTING LIMITED Company Information for the year ended 31 July 2024
Director
Darren Evans
Company Number
03083519 (England and Wales)
Registered Office
Unit 10-11, Leeway INDUSTRIAL ESTATE Gwent Supakart GWENT NP19 4SL United Kingdom
Accountants
PTC Accounting & Co Certified Accountants 12 Dawlish Close, SK14 3DX Dawlish close HYDE Lancashire SK14 3DX
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GWENT KARTING LIMITED Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
100 
100 
Fixed assets
Tangible assets
277,969 
205,121 
Current assets
Inventories
97,637 
88,000 
Debtors
- 
100,543 
Cash at bank and in hand
30,039 
38,860 
127,676 
227,403 
Creditors: amounts falling due within one year
(160,000)
- 
Net current (liabilities)/assets
(32,324)
227,403 
Total assets less current liabilities
245,745 
432,624 
Creditors: amounts falling due after more than one year
24,000 
(40,000)
Net assets
269,745 
392,624 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
269,645 
392,524 
Shareholders' funds
269,745 
392,624 
For the year ending 31 July 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 2 October 2024 and were signed on its behalf by
Darren Evans Director Company Registration No. 03083519
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GWENT KARTING LIMITED Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
GWENT KARTING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03083519. The registered office is Unit 10-11, , Leeway INDUSTRIAL ESTATE, Gwent Supakart, GWENT, NP19 4SL, United Kingdom.
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:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
138,121 
67,000 
- 
205,121 
Additions
60,000 
- 
112,617 
172,617 
Revaluations
(49,530)
(12,700)
- 
(62,230)
Disposals
- 
- 
(37,539)
(37,539)
At 31 July 2024
148,591 
54,300 
75,078 
277,969 
Depreciation
At 31 July 2024
- 
- 
- 
- 
Net book value
At 31 July 2024
148,591 
54,300 
75,078 
277,969 
At 31 July 2023
138,121 
67,000 
- 
205,121 
This past year in an attempt to increase Sales and Footfall We have had to increase the size of the Karting Tract which has meant that we have had to borrow 1 to pay for the new additional tract and to buy new cars
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GWENT KARTING LIMITED Notes to the Accounts for the year ended 31 July 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
43,543 
Amounts falling due after more than one year
Other debtors
- 
57,000 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
160,000 
- 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Taxes and social security
(24,000)
40,000 
9
Average number of employees
During the year the average number of employees was 15 (2023: 15).
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