2023-03-01 SC193008 2024-02-28 SC193008 2023-03-01 2024-02-28 SC193008 2023-02-28 SC193008 2022-03-01 2023-02-28 SC193008 uk-core:WithinOneYear 2023-02-28 SC193008 uk-core:WithinOneYear 2024-02-28 SC193008 uk-core:RetainedEarningsAccumulatedLosses 2024-02-28 SC193008 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 SC193008 uk-bus:Director1 2023-03-01 2024-02-28 iso4217:GBP xbrli:pure SC193008 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 SC193008 uk-bus:FRS102 2023-03-01 2024-02-28 SC193008 uk-bus:FilletedAccounts 2023-03-01 2024-02-28 SC193008 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28
Draft
Elgin Motorsport Promotions
Registered Number:SC193008
For the year ended 28 February 2024
Scotland
Unaudited Financial Statements
2
Draft
For the year ended 28 February 2024
Elgin Motorsport Promotions
Contents Page
1
Statement of Financial Position
2
Notes to the Financial Statements
3
Draft
Registered Number :
SC193008
As at 28 February 2024
Elgin Motorsport Promotions
Abridged Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
2
Property, plant and equipment
312
468
312
468
Current assets
Trade and other receivables
-
209
26,983
Cash and cash equivalents
24,594
24,803
26,983
Trade and other payables: amounts falling due within one
year
(528)
(265)
26,455
24,538
Net current assets
Total assets less current liabilities
24,850
26,923
24,850
Net assets
26,923
Capital and reserves
Retained earnings
24,850
26,923
24,850
26,923
Shareholders' funds
For the year ended 28 February 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 of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
All the members have consented to the preparation of an Abridged Statement of Financial Position for the year ended 28 February 2024 in accordance with Section 444 (2A) of the Companies Act 2006.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Neil Shanks Director
These financial statements were approved and authorised for issue by the Board on 15 November 2024 and were signed by:
The notes form part of these financial statements
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4
Draft
For the year ended 28 February 2024
Elgin Motorsport Promotions
Notes to the Financial Statements
Statutory Information
Elgin Motorsport Promotions is a private limited company, limited by shares, domiciled in Scotland, registration
number SC193008.
Registered address:
39 Springfield Road
Elgin
Morayshire
IV30 6BZ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2. Fixed assets
Property, plant
and
equipment
£
Cost or valuation
At 01 March 2023
1,176
At 28 February 2024
1,176
Provision for depreciation,
amortisation and impairment
At 01 March 2023
708
156
Charge for year
At 28 February 2024
864
Net book value
At 28 February 2024
312
At 28 February 2023
468
3. Average number of persons employed
During the year the average number of employees was 0
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