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REGISTERED NUMBER: 09420699 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Buckmore Park Karting Limited

Buckmore Park Karting Limited (Registered number: 09420699)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Buckmore Park Karting Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr R L Martell-Surtees
Mrs L D Martell-Surtees
Mr P Ling





REGISTERED OFFICE: Buckmore Park Kart Circuit
Maidstone Road
Chatham
ME5 9QG





REGISTERED NUMBER: 09420699 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Buckmore Park Karting Limited (Registered number: 09420699)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 803,373 759,934
803,373 759,934

CURRENT ASSETS
Stocks 39,875 43,231
Debtors 6 1,942,580 1,159,734
Cash at bank and in hand 548,544 854,944
2,530,999 2,057,909
CREDITORS
Amounts falling due within one year 7 392,855 417,580
NET CURRENT ASSETS 2,138,144 1,640,329
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,941,517

2,400,263

PROVISIONS FOR LIABILITIES 200,843 -
NET ASSETS 2,740,674 2,400,263

CAPITAL AND RESERVES
Called up share capital 990,632 990,632
Retained earnings 1,750,042 1,409,631
2,740,674 2,400,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Buckmore Park Karting Limited (Registered number: 09420699)

Balance Sheet - continued
30 September 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2025 and were signed on its behalf by:





Mr R L Martell-Surtees - Director


Buckmore Park Karting Limited (Registered number: 09420699)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Buckmore Park Karting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 30 years
Improvements to property - 10% on cost
Plant and machinery - 33% on cost and 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 34 ) .

Buckmore Park Karting Limited (Registered number: 09420699)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 1,143,550
AMORTISATION
At 1 October 2023
and 30 September 2024 1,143,550
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 October 2023 623,404 694,772 463,398
Additions - 6,225 249,793
Disposals - - (224,716 )
At 30 September 2024 623,404 700,997 488,475
DEPRECIATION
At 1 October 2023 170,721 546,226 348,939
Charge for year 15,089 62,479 110,354
Eliminated on disposal - - (191,576 )
At 30 September 2024 185,810 608,705 267,717
NET BOOK VALUE
At 30 September 2024 437,594 92,292 220,758
At 30 September 2023 452,683 148,546 114,459

Buckmore Park Karting Limited (Registered number: 09420699)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 88,302 45,069 50,877 1,965,822
Additions 9,619 - 14,137 279,774
Disposals - - (167 ) (224,883 )
At 30 September 2024 97,921 45,069 64,847 2,020,713
DEPRECIATION
At 1 October 2023 68,467 28,577 42,958 1,205,888
Charge for year 5,273 5,497 4,489 203,181
Eliminated on disposal - - (153 ) (191,729 )
At 30 September 2024 73,740 34,074 47,294 1,217,340
NET BOOK VALUE
At 30 September 2024 24,181 10,995 17,553 803,373
At 30 September 2023 19,835 16,492 7,919 759,934

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 50,389 31,888
Other debtors 1,892,191 1,127,846
1,942,580 1,159,734

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 42,208 51,923
Taxation and social security 211,025 182,003
Other creditors 139,622 183,654
392,855 417,580

8. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet is £3,080.55 (2023 - £10,473.87).