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Company Registration No. 13225677 (England and Wales)
Specialist sports cars Ltd Unaudited accounts for the year ended 28 February 2025
Specialist sports cars Ltd Unaudited accounts Contents
Page
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Specialist sports cars Ltd Company Information for the year ended 28 February 2025
Directors
Andrew Paul Nicholas Debra Nicholas
Company Number
13225677 (England and Wales)
Registered Office
9 Mansion Close Dudley West Midlands DY1 2GY
Accountants
Woodridge Accountancy Ltd 18 Woodridge Avenue, Quinton Birmingham B32 1RE
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Specialist sports cars Ltd Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,682 
8,846 
Current assets
Inventories
7,087 
7,272 
Debtors
3,725 
3,807 
Cash at bank and in hand
2,793 
4,129 
13,605 
15,208 
Creditors: amounts falling due within one year
(26,981)
(25,639)
Net current liabilities
(13,376)
(10,431)
Net liabilities
(6,694)
(1,585)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(6,696)
(1,587)
Shareholders' funds
(6,694)
(1,585)
For the year ending 28 February 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 10 April 2025 and were signed on its behalf by
Andrew Paul Nicholas Director Company Registration No. 13225677
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Specialist sports cars Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Specialist sports cars Ltd is a private company, limited by shares, registered in England and Wales, registration number 13225677. The registered office is 9 Mansion Close, Dudley, West Midlands, DY1 2GY.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2024
14,361 
Additions
350 
Disposals
(250)
At 28 February 2025
14,461 
Depreciation
At 1 March 2024
5,515 
Charge for the year
2,272 
On disposals
(8)
At 28 February 2025
7,779 
Net book value
At 28 February 2025
6,682 
At 29 February 2024
8,846 
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Specialist sports cars Ltd Notes to the Accounts for the year ended 28 February 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
500 
500 
Other debtors
3,225 
3,307 
3,725 
3,807 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
- 
1,667 
Trade creditors
9,461 
5,211 
Taxes and social security
80 
80 
Other creditors
6,809 
10,411 
Loans from directors
9,986 
7,504 
Accruals
645 
766 
26,981 
25,639 
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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