Company Registration No. 09652082 (England and Wales)
Tsalta Motorsport Ltd
Unaudited accounts
for the year ended 30 June 2024
Tsalta Motorsport Ltd
Unaudited accounts
Contents
Tsalta Motorsport Ltd
Company Information
for the year ended 30 June 2024
Company Number
09652082 (England and Wales)
Registered Office
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
United Kingdom
Accountants
S A Acc'y Ltd
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
Tsalta Motorsport Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
33,727
40,327
Cash at bank and in hand
44,323
10,830
Creditors: amounts falling due within one year
(100,058)
(87,915)
Net current assets
24,343
1,506
Total assets less current liabilities
58,070
41,833
Creditors: amounts falling due after more than one year
(18,120)
(21,811)
Provisions for liabilities
Deferred tax
(6,408)
(7,662)
Called up share capital
1
1
Profit and loss account
33,541
12,359
Shareholders' funds
33,542
12,360
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 26 March 2025 and were signed on its behalf by
Gary Thomas
Director
Company Registration No. 09652082
Tsalta Motorsport Ltd
Notes to the Accounts
for the year ended 30 June 2024
Tsalta Motorsport Ltd is a private company, limited by shares, registered in England and Wales, registration number 09652082. The registered office is The Corner House, 4 Beaumont Road, Church Stretton, Shropshire, SY6 6BN, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% per annum on cost
Motor vehicles
25% per annum on cost
Fixtures & fittings
20% per annum on cost
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 July 2023
12,026
56,073
68,099
Disposals
(1,092)
-
(1,092)
At 30 June 2024
10,934
56,073
67,007
At 1 July 2023
6,262
21,510
27,772
Charge for the year
530
5,607
6,137
At 30 June 2024
6,163
27,117
33,280
At 30 June 2024
4,771
28,956
33,727
At 30 June 2023
5,764
34,563
40,327
Tsalta Motorsport Ltd
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
Trade debtors
42,338
43,224
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,685
-
Trade creditors
23,633
18,129
Taxes and social security
18,709
12,613
Loans from directors
52,236
55,878
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 3 (2023: 2).