JLG RACING LIMITED

Company Registration Number:
NI691774 (Northern Ireland)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 11 October 2022

End date: 31 October 2023

JLG RACING LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

JLG RACING LIMITED

Company Information

for the Period Ended 31 October 2023




Director: Jamie Williams
Registered office: 250 Townhill Road
Portglenone
Ballymena
GBR
BT44 8HA
Company Registration Number: NI691774 (Northern Ireland)

JLG RACING LIMITED

Directors' Report Period Ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Principal Activities

Sports Activities

Directors

The directors shown below have held office during the whole of the period from 11 October 2022 to 31 October 2023
Jamie Williams

This report was approved by the board of directors on 14 October 2024
And Signed On Behalf Of The Board By:

Name: Jamie Williams
Status: Director

JLG RACING LIMITED

Profit and Loss Account

for the Period Ended 31 October 2023


Notes
13 months to
31 Oct 2023
£
Turnover 27,860
Cost of sales ( 12,577 )
Gross Profit or (Loss) 15,283
Income from coronavirus (COVID-19) business support grants 0
Administrative Expenses ( 15,189 )
Operating Profit or (Loss) 94
Profit or (Loss) Before Tax 94
Profit or (Loss) for Period 94

The notes form part of these financial statements

JLG RACING LIMITED

Balance sheet

As at 31 October 2023


Notes
13 months to
31 Oct 2023
£
Fixed assets
Tangible assets: 4 1,210
Total fixed assets: 1,210
Current assets
Cash at bank and in hand: 94
Total current assets: 94
Net current assets (liabilities): 94
Total assets less current liabilities: 1,304
Total net assets (liabilities): 1,304

The notes form part of these financial statements

JLG RACING LIMITED

Balance sheet continued

As at 31 October 2023


Notes
13 months to
31 Oct 2023
£
Capital and reserves
Called up share capital: 1
Revaluation reserve: 5 1,209
Profit and loss account: 94
Shareholders funds: 1,304

For the year ending 31 October 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 14 October 2024
And Signed On Behalf Of The Board By:

Name: Jamie Williams
Status: Director

The notes form part of these financial statements

JLG RACING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

JLG RACING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    13 months to
    31 Oct 2023
    Average number of employees during the period 1

JLG RACING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 3. Off balance sheet disclosure

    No

JLG RACING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Tangible assets

Plant & machinery Total
Cost £ £
Additions 1,375 1,375
Disposals - -
Revaluations - -
Transfers - -
At 31 October 2023 1,375 1,375
Depreciation
Charge for year 165 165
On disposals - -
Other adjustments - -
At 31 October 2023 165 165
Net book value
At 31 October 2023 1,210 1,210

JLG RACING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Revaluation reserve

13 months to
31 Oct 2023
£
Surplus or deficit after revaluation 1,209
Balance at 31 October 2023 1,209