Company registration number:
NI676211
Motorsport Supplies Ltd
Unaudited filleted financial statements
28 February 2024
Motorsport Supplies Ltd
Contents
Directors and other information
Statement of financial position and notes to the financial statements
Motorsport Supplies Ltd
Directors and other information
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Director |
Mr Alan Cassells |
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Company number |
NI676211 |
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Registered office |
10 Rectory Avenue |
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Derryadd |
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Craigavon |
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BT66 6QR |
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Business address |
10 Rectory Avenue |
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Derryadd |
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Craigavon |
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BT66 6QR |
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Accountants |
JSR |
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44 Blackisland Road |
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Annaghmore |
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Portadown |
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Co Armagh |
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BT62 1NE |
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Motorsport Supplies Ltd
Statement of financial position
28 February 2024
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2024 |
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2023 |
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£ |
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£ |
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Fixed assets |
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1,018 |
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1,272 |
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_______ |
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_______ |
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Current assets |
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31,280 |
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20,117 |
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Creditors: amounts falling due within one year |
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(
22,542) |
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(
13,503) |
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_______ |
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_______ |
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Net current assets |
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8,738 |
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6,614 |
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_______ |
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_______ |
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Total assets less current liabilities |
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9,756 |
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7,886 |
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Accruals and deferred income |
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(
1,904) |
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(
1,178) |
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_______ |
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_______ |
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Net assets |
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7,852 |
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6,708 |
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_______ |
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_______ |
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Capital and reserves |
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7,852 |
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6,708 |
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_______ |
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_______ |
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Notes to the financial statements
Motorsport Supplies Ltd
Year ended 28 February 2024
1.
Directors advances, credits and guarantees
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During the year the director entered into the following advances and credits with the company: |
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2024 |
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Balance brought forward |
Advances /(credits) to the director |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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Mr Alan Cassells |
(
9,533) |
(
9,231) |
3,775 |
(
14,989) |
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_______ |
_______ |
_______ |
_______ |
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2023 |
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Balance brought forward |
Advances /(credits) to the director |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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Mr Alan Cassells |
(
10,069) |
(
6,962) |
7,498 |
(
9,533) |
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_______ |
_______ |
_______ |
_______ |
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During the year the director introduced funds to the company. At the year end the director was owed £14,989 (2023; £9,533). These funds have been made available to the company on an interest free basis, the repayment terms for which have yet to be discussed and agreed.
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The 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
18 October 2024
, and are signed on behalf of the board by:
Mr Alan Cassells
Director
Company registration number:
NI676211
The company is a private company limited by shares, registered in Northern Ireland.