SPEEDWAY AUTOS LTD

Company Registration Number:
08941898 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

SPEEDWAY AUTOS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

SPEEDWAY AUTOS LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 1,865 2,203
Total fixed assets: 1,865 2,203
Current assets
Debtors:   133,697 85,259
Cash at bank and in hand: 483,305 257,424
Total current assets: 617,002 342,683
Creditors: amounts falling due within one year:   (168,781) (72,063)
Net current assets (liabilities): 448,221 270,620
Total assets less current liabilities: 450,086 272,823
Creditors: amounts falling due after more than one year:   (29,680) (39,680)
Total net assets (liabilities): 420,406 233,143
Capital and reserves
Called up share capital: 50 50
Profit and loss account: 420,356 233,093
Shareholders funds: 420,406 233,143

The notes form part of these financial statements

SPEEDWAY AUTOS LTD

Balance sheet statements

For the year ending 31 March 2024 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 October 2024
and signed on behalf of the board by:

Name: Assaad KASSAB
Status: Director

The notes form part of these financial statements

SPEEDWAY AUTOS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

SPEEDWAY AUTOS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 5 5

SPEEDWAY AUTOS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 2,937
Additions 283
At 31 March 2024 3,220
Depreciation
At 01 April 2023 734
Charge for year 621
At 31 March 2024 1,355
Net book value
At 31 March 2024 1,865
At 31 March 2023 2,203