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REGISTERED NUMBER: 13536971 (England and Wales)















S C SPORT HOMES RACE TRUCK & SERVICE LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024






S C SPORT HOMES RACE TRUCK & SERVICE LTD (REGISTERED NUMBER: 13536971)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S C SPORT HOMES RACE TRUCK & SERVICE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: S A Copeman
C Copeman





REGISTERED OFFICE: Units 1-5 Panteg Industrial Estate
Station Road
Griffithstown
Pontypool
Gwent
NP4 5LX





REGISTERED NUMBER: 13536971 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

S C SPORT HOMES RACE TRUCK & SERVICE LTD (REGISTERED NUMBER: 13536971)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 212,307 231,634

CURRENT ASSETS
Debtors 5 108,901 83,788
Cash at bank 583 192
109,484 83,980
CREDITORS
Amounts falling due within one year 6 401,460 211,898
NET CURRENT LIABILITIES (291,976 ) (127,918 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(79,669

)

103,716

PROVISIONS FOR LIABILITIES - 8,290
NET (LIABILITIES)/ASSETS (79,669 ) 95,426

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (79,769 ) 95,326
SHAREHOLDERS' FUNDS (79,669 ) 95,426

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

S C SPORT HOMES RACE TRUCK & SERVICE LTD (REGISTERED NUMBER: 13536971)

BALANCE SHEET - continued
31ST JULY 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th May 2025 and were signed on its behalf by:





S A Copeman - Director


S C SPORT HOMES RACE TRUCK & SERVICE LTD (REGISTERED NUMBER: 13536971)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

S C Sport Homes Race Truck & Service 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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 6% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

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.

S C SPORT HOMES RACE TRUCK & SERVICE LTD (REGISTERED NUMBER: 13536971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

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 1st August 2023
and 31st July 2024 45,382 200,000 245,382
DEPRECIATION
At 1st August 2023 8,748 5,000 13,748
Charge for year 7,327 12,000 19,327
At 31st July 2024 16,075 17,000 33,075
NET BOOK VALUE
At 31st July 2024 29,307 183,000 212,307
At 31st July 2023 36,634 195,000 231,634

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 77,900 3,278
Other debtors - 118
S C Sport Homes Ltd - 57,059
Prepayments 31,001 23,333
108,901 83,788

S C SPORT HOMES RACE TRUCK & SERVICE LTD (REGISTERED NUMBER: 13536971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 176,655 189,038
Corporation Tax (118 ) 10,384
Social security and other taxes 6,935 1,876
VAT 398 2,439
Other creditors 503 451
S C Sport Homes Ltd 154,329 -
Directors' current accounts - 884
Accrued expenses 62,758 6,826
401,460 211,898

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

8. RELATED PARTY DISCLOSURES

At the year end the company owed £NIL to the director S A Copeman (2023 - £884).

At the year end the company owed £154,329 to S C Sport Homes Ltd, a company in which S A Copeman and C Copeman are also directors (2023 - £57,059 owed from S C Sport Homes Ltd).

9. GOING CONCERN

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis preparing its financial statements.