Company registration number SC455052 (Scotland)
F1 TRAINING SERVICES (UK) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
F1 TRAINING SERVICES (UK) LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet and notes to the financial statements
2 - 3
F1 TRAINING SERVICES (UK) LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF F1 TRAINING SERVICES (UK) LIMITED
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of F1 Training Services (UK) Limited for the year ended 31 July 2024 set out on pages 2 to 3 from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.
This report is made solely to the board of directors of F1 Training Services (UK) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of F1 Training Services (UK) Limited and state those matters that we have agreed to state to the board of directors of F1 Training Services (UK) Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than F1 Training Services (UK) Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that F1 Training Services (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that F1 Training Services (UK) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of F1 Training Services (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
MMG Chartered Accountants
Chapelshade House
78-84 Bell Street
Dundee
DD1 1RQ
Scotland
17 April 2025
F1 TRAINING SERVICES (UK) LIMITED
BALANCE SHEET
- 2 -
2024
2023
£
£
£
£
Fixed assets
15,442
18,170
Current assets
167,443
114,246
Creditors: amounts falling due within one year
(53,171)
(54,614)
Net current assets
114,272
59,632
Total assets less current liabilities
129,714
77,802
Creditors: amounts falling due after more than one year
(50,000)
Net assets
79,714
77,802
Capital and reserves
79,714
77,802
Notes to the financial statements
1
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
7
7
F1 Training Services (UK) Limited is a private company limited by shares incorporated in Scotland. The registered office is 24 Strathmartine Road, Dundee, DD3 7RJ.
For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime', and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
F1 TRAINING SERVICES (UK) LIMITED
BALANCE SHEET (CONTINUED)
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 17 April 2025 and are signed on its behalf by:
Mr G S Hector
Director
Company registration number SC455052 (Scotland)