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REGISTERED NUMBER: 05685576 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

SJF Karting Ltd

SJF Karting Ltd (Registered number: 05685576)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SJF Karting Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: S Francis





SECRETARY:





REGISTERED OFFICE: Ellough Park Raceway
Benacre Road
Ellough
Beccles
Suffolk
NR34 7XD





REGISTERED NUMBER: 05685576 (England and Wales)





ACCOUNTANTS: Shaw & Co
Chartered Certified Accountants
3 Colegate
Norwich
Norfolk
NR3 1BN

SJF Karting Ltd (Registered number: 05685576)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 5,269 -
Tangible assets 5 259,813 293,468
265,082 293,468

CURRENT ASSETS
Stocks 6,750 10,500
Investments 6 12,100 -
Cash at bank and in hand 69,513 73,286
88,363 83,786
CREDITORS
Amounts falling due within one year 7 121,012 103,926
NET CURRENT LIABILITIES (32,649 ) (20,140 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,433

273,328

CREDITORS
Amounts falling due after more than
one year

8

(2,622

)

(10,126

)

PROVISIONS FOR LIABILITIES (28,308 ) (40,770 )
NET ASSETS 201,503 222,432

SJF Karting Ltd (Registered number: 05685576)

Balance Sheet - continued
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 105 105
Retained earnings 201,398 222,327
201,503 222,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2025 and were signed by:





S Francis - Director


SJF Karting Ltd (Registered number: 05685576)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

SJF Karting Ltd 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.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Long leasehold - no allowance
Plant and machinery - 25% reducing balance
Computer equipment - 15% reducing balance
Fixtures & fittings - 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


SJF Karting Ltd (Registered number: 05685576)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 15 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024 15,000
Additions 6,080
At 31 December 2024 21,080
AMORTISATION
At 1 January 2024 15,000
Charge for year 811
At 31 December 2024 15,811
NET BOOK VALUE
At 31 December 2024 5,269
At 31 December 2023 -

SJF Karting Ltd (Registered number: 05685576)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 841,969
Additions 20,323
Disposals (44,362 )
At 31 December 2024 817,930
DEPRECIATION
At 1 January 2024 548,501
Charge for year 53,979
Eliminated on disposal (44,363 )
At 31 December 2024 558,117
NET BOOK VALUE
At 31 December 2024 259,813
At 31 December 2023 293,468

6. CURRENT ASSET INVESTMENTS
31.12.24 31.12.23
£    £   
Listed investments 12,100 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 7,486 7,116
Trade creditors 11,570 22,114
Taxation and social security 38,567 34,168
Other creditors 63,389 40,528
121,012 103,926

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 2,622 10,126