IRIS Accounts Production v25.1.0.734 11121247 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111212472023-08-31111212472024-08-31111212472023-09-012024-08-31111212472022-08-31111212472022-09-012023-08-31111212472023-08-3111121247ns15:EnglandWales2023-09-012024-08-3111121247ns14:PoundSterling2023-09-012024-08-3111121247ns10:Director12023-09-012024-08-3111121247ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3111121247ns10:SmallEntities2023-09-012024-08-3111121247ns10:AuditExemptWithAccountantsReport2023-09-012024-08-3111121247ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3111121247ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3111121247ns10:FullAccounts2023-09-012024-08-3111121247ns10:OrdinaryShareClass12023-09-012024-08-3111121247ns10:OrdinaryShareClass22023-09-012024-08-3111121247ns10:Director22023-09-012024-08-3111121247ns10:RegisteredOffice2023-09-012024-08-3111121247ns5:CurrentFinancialInstruments2024-08-3111121247ns5:CurrentFinancialInstruments2023-08-3111121247ns5:Non-currentFinancialInstruments2024-08-3111121247ns5:Non-currentFinancialInstruments2023-08-3111121247ns5:ShareCapital2024-08-3111121247ns5:ShareCapital2023-08-3111121247ns5:RetainedEarningsAccumulatedLosses2024-08-3111121247ns5:RetainedEarningsAccumulatedLosses2023-08-3111121247ns5:PlantMachinery2023-09-012024-08-3111121247ns5:MotorVehicles2023-09-012024-08-3111121247ns5:PlantMachinery2023-08-3111121247ns5:MotorVehicles2023-08-3111121247ns5:PlantMachinery2024-08-3111121247ns5:MotorVehicles2024-08-3111121247ns5:PlantMachinery2023-08-3111121247ns5:MotorVehicles2023-08-3111121247ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-08-3111121247ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-012024-08-3111121247ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-08-3111121247ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-08-3111121247ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3111121247ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3111121247ns10:OrdinaryShareClass12024-08-3111121247ns10:OrdinaryShareClass22024-08-31
REGISTERED NUMBER: 11121247 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Rob Boston Racing Ltd

Rob Boston Racing Ltd (Registered number: 11121247)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Rob Boston Racing Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: R M Boston
Mrs R J Boston





REGISTERED OFFICE: Unit 7
Heapham Road Industrial Estate
Sanders Road
Gainsborough
Lincolnshire
DN21 1RZ





REGISTERED NUMBER: 11121247 (England and Wales)






Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Rob Boston Racing Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rob Boston Racing Ltd for the year ended 31 August 2024 which comprise the Income Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Rob Boston Racing Ltd, 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 Rob Boston Racing Ltd and state those matters that we have agreed to state to the Board of Directors of Rob Boston Racing Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rob Boston Racing Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rob Boston Racing Ltd 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 Rob Boston Racing Ltd. You consider that Rob Boston Racing Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rob Boston Racing Ltd. 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.








12 May 2025

Rob Boston Racing Ltd (Registered number: 11121247)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 123,633 157,622

CURRENT ASSETS
Stocks 85,000 65,000
Debtors 5 28,107 18,713
113,107 83,713
CREDITORS
Amounts falling due within one year 6 248,053 182,714
NET CURRENT LIABILITIES (134,946 ) (99,001 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,313 ) 58,621

CREDITORS
Amounts falling due after more than one
year

7

(207,436

)

(191,427

)

PROVISIONS FOR LIABILITIES (4,147 ) -
NET LIABILITIES (222,896 ) (132,806 )

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings (223,096 ) (133,006 )
SHAREHOLDERS' FUNDS (222,896 ) (132,806 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by:





R M Boston - Director


Rob Boston Racing Ltd (Registered number: 11121247)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Rob Boston Racing Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 year 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Rob Boston Racing Ltd (Registered number: 11121247)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Going concern
At the balance sheet date there was a net deficit of assets of £222,896. The directors have confirmed that there is sufficient working capital to continue to support the business for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 156,233 140,503 296,736
DEPRECIATION
At 1 September 2023 47,909 91,205 139,114
Charge for year 19,400 14,589 33,989
At 31 August 2024 67,309 105,794 173,103
NET BOOK VALUE
At 31 August 2024 88,924 34,709 123,633
At 31 August 2023 108,324 49,298 157,622

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 36,563
DEPRECIATION
At 1 September 2023 27,505
Charge for year 2,265
At 31 August 2024 29,770
NET BOOK VALUE
At 31 August 2024 6,793
At 31 August 2023 9,058

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,777 18,713
Other debtors 21,330 -
28,107 18,713

Rob Boston Racing Ltd (Registered number: 11121247)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 39,360 23,862
Trade creditors 29,476 14,937
Taxation and social security 7,683 14,685
Other creditors 171,534 129,230
248,053 182,714

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 4,641 25,510
Other creditors 202,795 165,917
207,436 191,427

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A 1 100 100
100 Ordinary B 1 100 100
200 200