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Company Registration No. 09858189 (England and Wales)
NAWTON RACING LIMITED Unaudited accounts for the year ended 31 December 2024
NAWTON RACING LIMITED Unaudited accounts Contents
Page
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NAWTON RACING LIMITED Company Information for the year ended 31 December 2024
Director
R G Fell
Company Number
09858189 (England and Wales)
Registered Office
ARTHINGTON BARN STABLES, HIGHFIELD LANE NAWTON YORK NORTH YORKSHIRE YO62 7TU
Accountants
JOHN TURNER, CHARTERED ACCOUNTANT 104 PENISTONE ROAD KIRKBURTON HUDDERSFIELD WEST YORKSHIRE HD8 0TA
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NAWTON RACING LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
59,124 
66,771 
Current assets
Inventories
69,855 
111,324 
Debtors
74,868 
77,776 
Cash at bank and in hand
306,888 
250,101 
451,611 
439,201 
Creditors: amounts falling due within one year
(46,873)
(79,142)
Net current assets
404,738 
360,059 
Total assets less current liabilities
463,862 
426,830 
Provisions for liabilities
Deferred tax
(13,984)
(12,686)
Net assets
449,878 
414,144 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
449,778 
414,044 
Shareholders' funds
449,878 
414,144 
For the year ending 31 December 2024 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 director acknowledges his 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 and authorised for issue on 31 March 2025 and were signed on its behalf by
R G Fell Director Company Registration No. 09858189
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NAWTON RACING LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
NAWTON RACING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09858189. The registered office is ARTHINGTON BARN STABLES, HIGHFIELD LANE, NAWTON, YORK, NORTH YORKSHIRE, YO62 7TU.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance method
Motor vehicles
25% reducing balance method
Computer equipment
25% reducing balance method
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
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NAWTON RACING LIMITED Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
- 
126,500 
416 
126,916 
Additions
12,061 
- 
- 
12,061 
At 31 December 2024
12,061 
126,500 
416 
138,977 
Depreciation
At 1 January 2024
- 
59,785 
360 
60,145 
Charge for the year
3,015 
16,679 
14 
19,708 
At 31 December 2024
3,015 
76,464 
374 
79,853 
Net book value
At 31 December 2024
9,046 
50,036 
42 
59,124 
At 31 December 2023
- 
66,715 
56 
66,771 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
74,051 
77,219 
Accrued income and prepayments
817 
557 
74,868 
77,776 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
12,882 
17,574 
Trade creditors
24,624 
55,770 
Taxes and social security
9,367 
5,798 
46,873 
79,142 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Controlling party
The ultimate controlling party is Holme Lane Haulage Limited, Company No 02203653.
9
Average number of employees
During the year the average number of employees was 8 (2023: 11).
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