Company registration number 15277843 (England and Wales)
SASH MOTORSPORT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
SASH MOTORSPORT LIMITED
COMPANY INFORMATION
Director
Mr S Hirst
(Appointed 13 November 2023)
Company number
15277843
Registered office
Unit 17
Spalding Road Business Park
Spalding Road
Bourne
Lincolnshire
PE10 9LF
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Metro Bank Plc
1 Southampton Row
London
WC1B 5HA
SASH MOTORSPORT LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
SASH MOTORSPORT LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SASH MOTORSPORT LIMITED FOR THE PERIOD ENDED 30 NOVEMBER 2024
- 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 SASH Motorsport Limited for the period ended 30 November 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of SASH Motorsport Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SASH Motorsport Limited and state those matters that we have agreed to state to the board of directors of SASH Motorsport Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SASH Motorsport Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that SASH Motorsport Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of SASH Motorsport Limited. You consider that SASH Motorsport Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of SASH Motorsport 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.

Ormerod Rutter Limited
7 April 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
SASH MOTORSPORT LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 2 -
2024
Notes
£
£
Fixed assets
Tangible assets
3
4,425
Current assets
Stocks
189,091
Debtors
4
15,327
Cash at bank and in hand
13,174
217,592
Creditors: amounts falling due within one year
5
(230,528)
Net current liabilities
(12,936)
Net liabilities
(8,511)
Capital and reserves
Called up share capital
6
100
Profit and loss reserves
(8,611)
Total equity
(8,511)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his 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 period in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 7 April 2025
Mr S  Hirst
Director
Company registration number 15277843 (England and Wales)
SASH MOTORSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024
- 3 -
1
Accounting policies
Company information

SASH Motorsport Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 17, Spalding Road Business Park, Spalding Road, Bourne, Lincolnshire, PE10 9LF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.

1.3
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:

Plant and equipment
25% on reducing balance
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

SASH MOTORSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
Number
Total
1
3
Tangible fixed assets
Plant and equipment
£
Cost
At 13 November 2023
-
0
Additions
5,900
At 30 November 2024
5,900
Depreciation and impairment
At 13 November 2023
-
0
Depreciation charged in the period
1,475
At 30 November 2024
1,475
Carrying amount
At 30 November 2024
4,425
4
Debtors
2024
Amounts falling due within one year:
£
Other debtors
15,327
5
Creditors: amounts falling due within one year
2024
£
Trade creditors
86
Amounts owed to group undertakings
229,712
Other creditors
730
230,528
SASH MOTORSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2024
- 5 -
6
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and fully paid
Ordinary A of £1 each
70
70
Ordinary B of £1 each
20
20
Ordinary C of £1 each
10
10
100
100

The following shares were allotted and fully paid for cash at par during the period:

 

70 Ordinary A shares of £1 each

20 Ordinary B shares of £1 each

10 Ordinary C shares of £1 each

7
Control

Ultimate parent company

The ultimate parent company is SRH Group Holdings Limited, a company registered in England and Wales.

Ultimate controlling party

The ultimate controlling party is Mr S Hirst, by virtue of his controlling interest in the ultimate parent company.

8
Comparatives

This is the company's first period of trade, therefore there are no comparatives.

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