Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-311true2023-02-01falseNo description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10589091 2023-02-01 2024-01-31 10589091 2022-02-01 2023-01-31 10589091 2024-01-31 10589091 2023-01-31 10589091 2022-02-01 10589091 c:Director1 2023-02-01 2024-01-31 10589091 d:CurrentFinancialInstruments 2024-01-31 10589091 d:CurrentFinancialInstruments 2023-01-31 10589091 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 10589091 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 10589091 d:ShareCapital 2023-02-01 2024-01-31 10589091 d:ShareCapital 2024-01-31 10589091 d:ShareCapital 2022-02-01 2023-01-31 10589091 d:ShareCapital 2023-01-31 10589091 d:ShareCapital 2022-02-01 10589091 d:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 10589091 d:RetainedEarningsAccumulatedLosses 2024-01-31 10589091 d:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 10589091 d:RetainedEarningsAccumulatedLosses 2023-01-31 10589091 d:RetainedEarningsAccumulatedLosses 2022-02-01 10589091 c:OrdinaryShareClass1 2023-02-01 2024-01-31 10589091 c:OrdinaryShareClass1 2024-01-31 10589091 c:OrdinaryShareClass1 2023-01-31 10589091 c:FRS102 2023-02-01 2024-01-31 10589091 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10589091 c:FullAccounts 2023-02-01 2024-01-31 10589091 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10589091 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10589091






TOM SALTMARSH RACING LTD

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JANUARY 2024

 
TOM SALTMARSH RACING LTD
REGISTERED NUMBER: 10589091

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
23
23

Cash at bank and in hand
 5 
-
5

  
23
28

Creditors: amounts falling due within one year
 6 
(31,290)
(30,020)

Net current liabilities
  
 
 
(31,267)
 
 
(29,992)

Total assets less current liabilities
  
(31,267)
(29,992)

  

Net liabilities
  
(31,267)
(29,992)


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
 8 
(31,268)
(29,993)

  
(31,267)
(29,992)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 December 2024.



Sarah Alexandra Stuart Palmer
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 1

 
TOM SALTMARSH RACING LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 February 2022
1
(28,493)
(28,492)


Comprehensive income for the year

Loss for the year
-
(1,500)
(1,500)
Total comprehensive income for the year
-
(1,500)
(1,500)


Total transactions with owners
-
-
-



At 1 February 2023
1
(29,993)
(29,992)


Comprehensive income for the year

Loss for the year
-
(1,275)
(1,275)
Total comprehensive income for the year
-
(1,275)
(1,275)


Total transactions with owners
-
-
-


At 31 January 2024
1
(31,268)
(31,267)


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
TOM SALTMARSH RACING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
1.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
TOM SALTMARSH RACING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements,
estimates and assumptions about the carrying value of assets and liabilities that are not readily
ascertainable from other sources. The estimates and underlying assumptions are based on historical
experience and other factors that are considered to be relevant. Actual outcomes may differ from these
estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting
estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the
financial statements are described below:
Prepayments & Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in
advance to suppliers. These provisions are estimated based upon the expected values of the invoices
which are issued and services received following the period end.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Debtors

2024
2023
£
£


Other debtors
23
23

23
23



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
-
5

-
5


Page 4

 
TOM SALTMARSH RACING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
30,090
28,820

Accruals and deferred income
1,200
1,200

31,290
30,020



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



8.


Reserves

Profit and loss account

The profit and loss reserve is fully distributable.

 
Page 5