Oversteer Motorsport Limited 08703322 Motor engineering false 1 October 2023 08703322 2023-10-01 2024-09-30 08703322 2023-09-30 08703322 2024-09-30 08703322 2022-10-01 2023-09-30 08703322 2022-09-30 08703322 2023-09-30 08703322 frs102-bus:FRS102 2023-10-01 2024-09-30 08703322 frs102-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08703322 frs102-bus:FullAccounts 2023-10-01 2024-09-30 08703322 frs102-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08703322 frs102-core:CurrentFinancialInstruments 2024-09-30 08703322 frs102-core:CurrentFinancialInstruments 2023-09-30 08703322 frs102-core:ShareCapital 2024-09-30 08703322 frs102-core:ShareCapital 2023-09-30 08703322 frs102-core:RetainedEarningsAccumulatedLosses 2024-09-30 08703322 frs102-core:RetainedEarningsAccumulatedLosses 2023-09-30 08703322 frs102-bus:Director1 2023-10-01 2024-09-30 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
08703322
Oversteer Motorsport Limited
Unaudited Accounts
for the year ended
30 September 2024
Oversteer Motorsport Limited
Balance Sheet
as at 30 September 2024
Notes
2024
£
2023
£
Current assets
Debtors 4 1,040 1,440
Cash at bank and in hand 10,280 3,819
11,320 5,259
Creditors: amounts falling due within one year 5 (4,632) (4,314)
Net current assets / (liabilities) 6,688 945
Total assets less current liabilities 6,688 945
Provisions for liabilities (0) (0)
Total net assets (liabilities) 6,688 945
Capital and reserves
Called up share capital 100 100
Profit and loss account 6,588 845
Shareholders' funds 6,688 945

Oversteer Motorsport Limited
Balance Sheet
as at 30 September 2024



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 30 September 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.

Signed on behalf of the board of directors

...............................

Mr E Coward

Director


Approved by the board on 19 November 2024

Company Number: 08703322 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

1 Apple Tree Cottage Walsham Road
Finningham
Stowmarket
Suffolk
IP14 4JH
England

Oversteer Motorsport Limited
Notes to the Accounts
for the year ended 30 September 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
2. Taxation
2024 2023
£ £
UK Corporation Tax 1,582 1,407
Tax on profit/(loss) on ordinary activities 1,582 1,407

3. Employees
2024 2023
Average number of employees during the period 1 1

4. Debtors
2024 2023
£ £
Trade debtors 1,040 1,440
1,040 1,440

5. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 400 376
Taxation & social security 1,582 1,407
Other creditors 2,650 2,531
4,632 4,314

6. Dividends
2024 2023
£ £
Total dividend payment 1,000 6,000