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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
Page
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Tsalta Motorsport Ltd Company Information for the year ended 30 June 2024
Director
Gary Thomas
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
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Tsalta Motorsport Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
33,727 
40,327 
Current assets
Inventories
32,700 
30,327 
Debtors
47,378 
48,264 
Cash at bank and in hand
44,323 
10,830 
124,401 
89,421 
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)
Net assets
33,542 
12,360 
Capital and reserves
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
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Tsalta Motorsport Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
Depreciation
At 1 July 2023
6,262 
21,510 
27,772 
Charge for the year
530 
5,607 
6,137 
On disposals
(629)
- 
(629)
At 30 June 2024
6,163 
27,117 
33,280 
Net book value
At 30 June 2024
4,771 
28,956 
33,727 
At 30 June 2023
5,764 
34,563 
40,327 
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Tsalta Motorsport Ltd Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
42,338 
43,224 
Other debtors
5,040 
5,040 
47,378 
48,264 
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 
Other creditors
1,000 
- 
Loans from directors
52,236 
55,878 
Accruals
795 
1,295 
100,058 
87,915 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
18,120 
21,811 
8
Share capital
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).
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