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REGISTERED NUMBER: 05064795 (England and Wales)















Financial Statements for the Period 30 April 2023 to 27 April 2024

for

Supercar Experiences Limited

Supercar Experiences Limited (Registered number: 05064795)






Contents of the Financial Statements
for the Period 30 April 2023 to 27 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Supercar Experiences Limited

Company Information
for the Period 30 April 2023 to 27 April 2024







DIRECTOR: Mr N D Hardwick





REGISTERED OFFICE: Sher House
46 Houghton Place
Bradford
West Yorkshire
BD1 3RG





REGISTERED NUMBER: 05064795 (England and Wales)





ACCOUNTANTS: Abraham Accountants
Sher House
46 Houghton Place
Bradford
West Yorkshire
BD1 3RG

Supercar Experiences Limited (Registered number: 05064795)

Balance Sheet
27 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 628,655 657,523

CURRENT ASSETS
Cash at bank and in hand 21,963 54,971

CREDITORS
Amounts falling due within one year 5 (140,552 ) (146,994 )
NET CURRENT LIABILITIES (118,589 ) (92,023 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

510,066

565,500

CREDITORS
Amounts falling due after more than
one year

6

(521,162

)

(524,144

)
NET (LIABILITIES)/ASSETS (11,096 ) 41,356

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (11,196 ) 41,256
SHAREHOLDERS' FUNDS (11,096 ) 41,356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 April 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.

Supercar Experiences Limited (Registered number: 05064795)

Balance Sheet - continued
27 April 2024


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 25 April 2025 and were signed by:





Mr N D Hardwick - Director


Supercar Experiences Limited (Registered number: 05064795)

Notes to the Financial Statements
for the Period 30 April 2023 to 27 April 2024

1. STATUTORY INFORMATION

Supercar Experiences Limited 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
FF & equipment - 25% on reducing balance
Motor vehicles - 15% on reducing balance

Taxation
Taxation for the period 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.

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 period 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.

Supercar Experiences Limited (Registered number: 05064795)

Notes to the Financial Statements - continued
for the Period 30 April 2023 to 27 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
FF & Motor
equipment vehicles Totals
£    £    £   
COST
At 30 April 2023 46,817 1,953,718 2,000,535
Additions - 83,564 83,564
At 27 April 2024 46,817 2,037,282 2,084,099
DEPRECIATION
At 30 April 2023 21,443 1,321,569 1,343,012
Charge for period 5,075 107,357 112,432
At 27 April 2024 26,518 1,428,926 1,455,444
NET BOOK VALUE
At 27 April 2024 20,299 608,356 628,655
At 29 April 2023 25,374 632,149 657,523

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade creditors 119,365 130,252
Taxation and social security 21,187 16,742
140,552 146,994

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2024 2023
£    £   
Bank loans 22,705 32,226
Hire purchase contracts 498,457 491,918
521,162 524,144

Supercar Experiences Limited (Registered number: 05064795)

Notes to the Financial Statements - continued
for the Period 30 April 2023 to 27 April 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 22,705 32,226