1 February 2023 false No description of principal activity Taxfiler 2024.5 11132127business:PrivateLimitedCompanyLtd2023-02-012024-01-31 111321272023-01-31 111321272023-02-012024-01-31 11132127business:AuditExempt-NoAccountantsReport2023-02-012024-01-31 11132127business:FilletedAccounts2023-02-012024-01-31 111321272024-01-31 11132127business:Director12023-02-012024-01-31 11132127business:RegisteredOffice2023-02-012024-01-31 111321272023-01-31 11132127core:WithinOneYear2024-01-31 11132127core:WithinOneYear2023-01-31 11132127core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 11132127core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 11132127core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 11132127core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 11132127core:PreviouslyStatedAmount2024-01-31 11132127core:PreviouslyStatedAmount2023-01-31 11132127business:SmallEntities2023-02-012024-01-31 11132127countries:EnglandWales2023-02-012024-01-31 11132127core:PlantMachinery2023-02-012024-01-31 11132127core:ComputerEquipment2023-02-012024-01-31 11132127core:PlantMachinery2023-01-31 11132127core:ComputerEquipment2023-01-31 11132127core:PlantMachinery2024-01-31 11132127core:ComputerEquipment2024-01-31 111321272022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 11132127 (England and Wales)
CUSTOM RACEWEAR LTD Unaudited accounts for the year ended 31 January 2024
CUSTOM RACEWEAR LTD Unaudited accounts Contents
Page
- 2 -
CUSTOM RACEWEAR LTD Company Information for the year ended 31 January 2024
Director
Benjamin Bishop
Company Number
11132127 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU ENGLAND
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
- 3 -
CUSTOM RACEWEAR LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,655 
7,538 
Current assets
Cash at bank and in hand
13,429 
9,577 
Creditors: amounts falling due within one year
(20,641)
(24,328)
Net current liabilities
(7,212)
(14,751)
Net liabilities
(557)
(7,213)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(559)
(7,215)
Shareholders' funds
(557)
(7,213)
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 18 October 2024 and were signed on its behalf by
Benjamin Bishop Director Company Registration No. 11132127
- 4 -
CUSTOM RACEWEAR LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
CUSTOM RACEWEAR LTD is a private company, limited by shares, registered in England and Wales, registration number 11132127. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, 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:
Plant & machinery
20% Reducing Balance
Computer equipment
33.33% On cost
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
13,165 
1,995 
15,160 
Additions
350 
518 
868 
At 31 January 2024
13,515 
2,513 
16,028 
Depreciation
At 1 February 2023
5,627 
1,995 
7,622 
Charge for the year
1,578 
173 
1,751 
At 31 January 2024
7,205 
2,168 
9,373 
Net book value
At 31 January 2024
6,310 
345 
6,655 
At 31 January 2023
7,538 
- 
7,538 
- 5 -
CUSTOM RACEWEAR LTD Notes to the Accounts for the year ended 31 January 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
20,222 
23,909 
Accruals
419 
419 
20,641 
24,328 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -