1 March 2023 false No description of principal activity Taxfiler 2024.6 12473979business:PrivateLimitedCompanyLtd2023-03-012024-02-29 124739792023-02-28 124739792023-03-012024-02-29 12473979business:AuditExemptWithAccountantsReport2023-03-012024-02-29 12473979business:FilletedAccounts2023-03-012024-02-29 124739792024-02-29 12473979business:Director12023-03-012024-02-29 12473979business:Director22023-03-012024-02-29 12473979business:RegisteredOffice2023-03-012024-02-29 124739792023-02-28 12473979core:WithinOneYear2024-02-29 12473979core:WithinOneYear2023-02-28 12473979core:AfterOneYear2024-02-29 12473979core:AfterOneYear2023-02-28 12473979core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 12473979core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 12473979core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 12473979core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 12473979core:PreviouslyStatedAmount2024-02-29 12473979core:PreviouslyStatedAmount2023-02-28 12473979business:SmallEntities2023-03-012024-02-29 12473979countries:EnglandWales2023-03-012024-02-29 12473979core:PlantMachinery2023-03-012024-02-29 12473979core:MotorVehicles2023-03-012024-02-29 12473979core:PlantMachinery2023-02-28 12473979core:MotorVehicles2023-02-28 12473979core:PlantMachinery2024-02-29 12473979core:MotorVehicles2024-02-29 124739792022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 12473979 (England and Wales)
JMR Racing Limited Unaudited accounts for the year ended 29 February 2024
JMR Racing Limited Unaudited accounts Contents
Page
- 2 -
JMR Racing Limited Company Information for the year ended 29 February 2024
Directors
Andrew Coggan Joshua Coggan
Company Number
12473979 (England and Wales)
Registered Office
UNIT 3 KILTON INDUSTRIAL PARK KILTON ROAD WORKSOP S80 2ED ENGLAND
Accountants
Neil Walker Accountancy Ltd Khepera Business Centre 9 Orgreave Road Sheffield S13 9LQ
- 3 -
JMR Racing Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
267,371 
241,524 
Current assets
Inventories
- 
4,500 
Debtors
27,433 
7,329 
Cash at bank and in hand
56,741 
1,795 
84,174 
13,624 
Creditors: amounts falling due within one year
(80,888)
(750)
Net current assets
3,286 
12,874 
Total assets less current liabilities
270,657 
254,398 
Creditors: amounts falling due after more than one year
(274,944)
(295,925)
Provisions for liabilities
Deferred tax
(6,700)
- 
Net liabilities
(10,987)
(41,527)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(11,087)
(41,627)
Shareholders' funds
(10,987)
(41,527)
For the year ending 29 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 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.
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 of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by
Joshua Coggan Director Company Registration No. 12473979
- 4 -
JMR Racing Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
JMR Racing Limited is a private company, limited by shares, registered in England and Wales, registration number 12473979. The registered office is UNIT 3 KILTON INDUSTRIAL PARK, KILTON ROAD, WORKSOP, S80 2ED, 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.
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
18% reducing balance
Motor vehicles
18% reducing balance & 0%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
22,736 
243,861 
266,597 
Additions
13,524 
23,500 
37,024 
Disposals
- 
(2,000)
(2,000)
At 29 February 2024
36,260 
265,361 
301,621 
Depreciation
At 1 March 2023
9,918 
15,155 
25,073 
Charge for the year
3,578 
5,599 
9,177 
At 29 February 2024
13,496 
20,754 
34,250 
Net book value
At 29 February 2024
22,764 
244,607 
267,371 
At 28 February 2023
12,818 
228,706 
241,524 
- 5 -
JMR Racing Limited Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
10,983 
1,328 
Trade debtors
16,450 
6,001 
27,433 
7,329 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
79,724 
- 
Taxes and social security
414 
- 
Accruals
750 
750 
80,888 
750 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
274,944 
295,925 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -