Company registration number 10892732 (England and Wales)
STUWEB RACE ENTRIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
STUWEB RACE ENTRIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
STUWEB RACE ENTRIES LIMITED
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
199
10,346
Cash at bank and in hand
36,464
21,034
36,663
31,380
Creditors: amounts falling due within one year
4
(19,856)
(16,562)
Net current assets
16,807
14,818
Capital and reserves
Called up share capital
199
199
Profit and loss reserves
16,608
14,619
Total equity
16,807
14,818

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 3 December 2024 and are signed on its behalf by:
S Steele
Director
Company Registration No. 10892732
STUWEB RACE ENTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 2 -
1
Accounting policies
Company information

StuWeb Race Entries Limited is a private company limited by shares incorporated in England and Wales. The registered office is 26 Cradley Road, Cradley Heath, West Midlands, B64 6AG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The following assets and liabilities are classified as financial instruments – trade debtors, trade creditors, bank loans and directors’ loans.

Directors’ loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
STUWEB RACE ENTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
-
0
147
Other debtors
199
10,199
199
10,346
4
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
2,343
2,328
Other creditors
17,513
14,234
19,856
16,562
2024-07-312023-08-01false03 December 2024CCH SoftwareCCH Accounts Production 2022.200No description of principal activityS SteeleMr C Everitt108927322023-08-012024-07-31108927322024-07-31108927322023-07-3110892732core:CurrentFinancialInstrumentscore:WithinOneYear2024-07-3110892732core:CurrentFinancialInstrumentscore:WithinOneYear2023-07-3110892732core:CurrentFinancialInstruments2024-07-3110892732core:CurrentFinancialInstruments2023-07-3110892732core:ShareCapital2024-07-3110892732core:ShareCapital2023-07-3110892732core:RetainedEarningsAccumulatedLosses2024-07-3110892732core:RetainedEarningsAccumulatedLosses2023-07-3110892732bus:Director12023-08-012024-07-31108927322022-08-012023-07-3110892732core:WithinOneYear2024-07-3110892732core:WithinOneYear2023-07-3110892732bus:PrivateLimitedCompanyLtd2023-08-012024-07-3110892732bus:SmallCompaniesRegimeForAccounts2023-08-012024-07-3110892732bus:FRS1022023-08-012024-07-3110892732bus:AuditExemptWithAccountantsReport2023-08-012024-07-3110892732bus:Director22023-08-012024-07-3110892732bus:FullAccounts2023-08-012024-07-31xbrli:purexbrli:sharesiso4217:GBP