Excelsior Racing Ltd
Registered number: SC495804
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Current assets
Stocks 5,000 7,500
Cash at bank and in hand 604 604
5,604 8,104
Net current assets 5,604 8,104
Total assets less current liabilities 5,604 8,104
Creditors: amounts falling due after more than one year 3 (283,529) (281,112)
Net liabilities (277,925) (273,008)
Capital and reserves
Called up share capital 100,000 100,000
Profit and loss account (377,925) (373,008)
Shareholders' funds (277,925) (273,008)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N.Anderson
Director
Approved by the board on 7 October 2024
Excelsior Racing Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 283,529 281,112
4 Other information
Excelsior Racing Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
662 Holburn Street
Aberdeen
Aberdeenshire
AB12 5UE
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