FORMULA SIDECAR RACING ASSOCIATION (UK) LIMITED

Company limited by guarantee

Company Registration Number:
03340661 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

FORMULA SIDECAR RACING ASSOCIATION (UK) LIMITED

Company limited by guarantee

Contents of the Financial Statements

for the Period Ended 31 December 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

FORMULA SIDECAR RACING ASSOCIATION (UK) LIMITED

Company limited by guarantee

Company Information

for the Period Ended 31 December 2024




Director: P Alton
M Halliday
L Schofield
J Smith
Secretary: L Schofield
Registered office: Treesign House
21 Cook Avenue
Durham
GBR
DH7 7BB
Company Registration Number: 03340661 (England and Wales)

FORMULA SIDECAR RACING ASSOCIATION (UK) LIMITED

Company limited by guarantee

Balance sheet

As at 31 December 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 523 523
Total fixed assets: 523 523
Current assets
Stocks: 60 73
Debtors: 302
Cash at bank and in hand: 26,585 32,197
Total current assets: 26,645 32,572
Creditors: amounts falling due within one year: ( 1,125 ) ( 1,125 )
Net current assets (liabilities): 25,520 31,447
Total assets less current liabilities: 26,043 31,970
Accruals and deferred income: ( 240 ) ( 800 )
Total net assets (liabilities): 25,803 31,170

The notes form part of these financial statements

FORMULA SIDECAR RACING ASSOCIATION (UK) LIMITED

Company limited by guarantee

Balance sheet continued

As at 31 December 2024


Notes

2024
£

2023
£
Reserves
Income and expenditure account 25,803 31,170
Members funds 25,803 31,170

For the year ending 31 December 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 April 2025
And Signed On Behalf Of The Board By:

Name: P Alton
Status: Director

The notes form part of these financial statements

FORMULA SIDECAR RACING ASSOCIATION (UK) LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FORMULA SIDECAR RACING ASSOCIATION (UK) LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

FORMULA SIDECAR RACING ASSOCIATION (UK) LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 3. Off balance sheet disclosure

    No

FORMULA SIDECAR RACING ASSOCIATION (UK) LIMITED

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 523
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2024 523
Depreciation
At 01 January 2024 -
Charge for year -
On disposals -
Other adjustments -
At 31 December 2024 -
Net book value
At 31 December 2024 523
At 31 December 2023 523