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REGISTERED NUMBER: 13839852 (England and Wales)












ANGUS WHITESIDE RACING LTD

Unaudited Financial Statements

for the Year Ended 31 January 2025






ANGUS WHITESIDE RACING LTD (REGISTERED NUMBER: 13839852)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANGUS WHITESIDE RACING LTD

Company Information
for the Year Ended 31 January 2025







DIRECTOR: A C Whiteside





REGISTERED OFFICE: The Old Mill, Kings Mill
Kings Mill Lane
South Nutfield
Surrey
RH1 5NB





REGISTERED NUMBER: 13839852 (England and Wales)





ACCOUNTANTS: The Bailey Partnership
Chartered Accountants
The Old Mill, Kings Mill
Kings Mill Lane
South Nutfield
Surrey
RH1 5NB

ANGUS WHITESIDE RACING LTD (REGISTERED NUMBER: 13839852)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,704 28,500

CURRENT ASSETS
Debtors 5 2,000 1,123
Cash at bank 8,715 6,334
10,715 7,457
CREDITORS
Amounts falling due within one year 6 30,641 18,977
NET CURRENT LIABILITIES (19,926 ) (11,520 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,778

16,980

CREDITORS
Amounts falling due after more than one
year

7

41,097

-
NET ASSETS 7,681 16,980

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 7,581 16,880
SHAREHOLDERS' FUNDS 7,681 16,980

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ANGUS WHITESIDE RACING LTD (REGISTERED NUMBER: 13839852)

Balance Sheet - continued
31 January 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 June 2025 and were signed by:





A C Whiteside - Director


ANGUS WHITESIDE RACING LTD (REGISTERED NUMBER: 13839852)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Angus Whiteside 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.

Fixed assets do not require replacement of parts or the cost of major inspections to be recognised separately.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Holiday pay
No liability is recognised in respect of holiday pay as employees are unable to carry forward holiday into future periods.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

ANGUS WHITESIDE RACING LTD (REGISTERED NUMBER: 13839852)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Plant and Helmets & Motor Computer
machinery racewear vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2024 10,733 23,698 - 2,672 37,103
Additions - - 60,000 3,106 63,106
At 31 January 2025 10,733 23,698 60,000 5,778 100,209
DEPRECIATION
At 1 February 2024 2,978 4,135 - 1,490 8,603
Charge for year 1,939 4,891 15,000 1,072 22,902
At 31 January 2025 4,917 9,026 15,000 2,562 31,505
NET BOOK VALUE
At 31 January 2025 5,816 14,672 45,000 3,216 68,704
At 31 January 2024 7,755 19,563 - 1,182 28,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 648
Other debtors 2,000 -
Prepayments and accrued income - 475
2,000 1,123

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 8,539 -
Trade creditors (1 ) 501
Tax 15,207 3,133
VAT 2,183 13,260
Directors' loan accounts 1,463 8
Accrued expenses 3,250 2,075
30,641 18,977

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 41,097 -

ANGUS WHITESIDE RACING LTD (REGISTERED NUMBER: 13839852)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
50 Ordinary A £1 50 100
50 Ordinary B £1 50 -
100 100

9. RESERVES
Retained
earnings
£   

At 1 February 2024 16,880
Profit for the year 35,701
Dividends (45,000 )
At 31 January 2025 7,581