| Registered number: 15265864 | ||||||||
| FOR THE 421 DAY PERIOD ENDED 31/12/2024 | ||||||||
| Cleanracing Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THE 421 DAY PERIOD ENDED 31/12/2024 | ||||||||
| DIRECTORS | ||||||||
| SECRETARY | ||||||||
| REGISTERED OFFICE | ||||||||
| Hampshire | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by shares registered in EW - England and Wales, registered number 15265864 | ||||||||
| Cleanracing Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THE421 DAY PERIODENDED31/12/2024 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Directors' Report | - | |||||||
| Statement Of Comprehensive Income | - | |||||||
| Balance Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| The following do not form part of the statutory financial statements: | ||||||||
| Trading And Profit And Loss Account | - | |||||||
| Profit And Loss Account Summaries | - | |||||||
| Cleanracing Limited | ||||||||
| BALANCE SHEET AT | ||||||||||
| 2024 | ||||||||||
| Notes | £ | |||||||||
| FIXED ASSETS | ||||||||||
| Tangible assets | 3 | |||||||||
| CURRENT ASSETS | ||||||||||
| Stock | ||||||||||
| Debtors | 5 | |||||||||
| Cash at bank and in hand | ||||||||||
| 66,712 | ||||||||||
| CREDITORS: Amounts falling due within one year | 6 | |||||||||
| NET CURRENT LIABILITIES | ( | |||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 7 | |||||||||
| Profit and loss account | 2,108 | |||||||||
| SHAREHOLDERS' FUNDS | ||||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| Director | ||||||||||
| Cleanracing Limited | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE 421 DAY PERIOD ENDED 31/12/2024 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting | ||||||||
| The accounts have been prepared under the historical cost convention. | ||||||||
| The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . | ||||||||
| 1b. Going Concern | ||||||||
| These financial statements have been prepared on the going concern basis. The Directors have examined the Company's forecast and its cash resources and concluded that the Company can continue for the foreseeable future as a going concern | ||||||||
| 1c. Depreciation | ||||||||
| Commercial Vehicles | reducing balance% | |||||||
| Motor Cars | reducing balance% | |||||||
| 1d. Stocks | ||||||||
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
| When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. | ||||||||
| 1e. |
| Cleanracing Limited | ||||||||
| 2. EMPLOYEES | ||||||
| 2024 | ||||||
| No. | No. | |||||
| Average number of employees | ||||||
| 3. TANGIBLE FIXED ASSETS | |||||||||||
| Plant and | Commercial | ||||||||||
| Machinery | Vehicles | Motor Cars | Total | ||||||||
| £ | £ | £ | £ | ||||||||
| Cost | |||||||||||
| Additions | 3,178 | 105,000 | 172,290 | 280,468 | |||||||
| At 31/12/2024 | 3,178 | 105,000 | 172,290 | 280,468 | |||||||
| Depreciation | |||||||||||
| For the 421 day period | - | 9,500 | 20,000 | 29,500 | |||||||
| At 31/12/2024 | - | 9,500 | 20,000 | 29,500 | |||||||
| Net Book Amounts | |||||||||||
| At 31/12/2024 | 250,968 | ||||||||||
| The tangible fixed assets of the Company are security for the Directors Loan owed to Peter Kyle-Henney (see related party note for details). The amount of the charge is £330,960.00 and none of the tangible fixed assets can be sold by the Company without his express consent. | |||||||||||
| 4. STOCK | 2024 | |||
| £ | ||||
| Stock comprises: | ||||
| Stock | ||||
| 5. DEBTORS | 2024 | |||||||
| £ | ||||||||
| Amounts falling due within one year | ||||||||
| VAT | 10,857 | |||||||
| 10,857 | ||||||||
| Cleanracing Limited | ||||||||
| 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2024 | ||||||||
| £ | ||||||||
| Directors current account | 282,042 | |||||||
| Directors current account | 25,000 | |||||||
| Trade creditors | 8,529 | |||||||
| 315,571 | ||||||||
| 7. SHARE CAPITAL | 2024 | |||||||
| £ | ||||||||
| Allotted, issued and fully paid: | ||||||||
| 1 | ||||||||
| 1 | ||||||||
| New shares issued during period: | ||||||||
| 1 | 1 | |||||||
| 1 | ||||||||
| 8. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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