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COMPANY REGISTRATION NUMBER: 09935025
Hinde Racing Ltd
Filleted Unaudited Abridged Financial Statements
31 January 2025
Hinde Racing Ltd
Abridged Statement of Financial Position
31 January 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
5
293
367
Current assets
Stocks
45,800
46,438
Debtors
5,682
4,412
Cash at bank and in hand
21,913
22,316
--------
--------
73,395
73,166
Creditors: amounts falling due within one year
71,395
59,538
--------
--------
Net current assets
2,000
13,628
-------
--------
Total assets less current liabilities
2,293
13,995
-------
--------
Net assets
2,293
13,995
-------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
2,193
13,895
-------
--------
Shareholders funds
2,293
13,995
-------
--------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.
Hinde Racing Ltd
Abridged Statement of Financial Position (continued)
31 January 2025
These abridged financial statements were approved by the board of directors and authorised for issue on 18 August 2025 , and are signed on behalf of the board by:
Mrs L Hinde
Director
Company registration number: 09935025
Hinde Racing Ltd
Notes to the Abridged Financial Statements
Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 227 Manchester Rd, Northwich, Cheshire, CW9 7NB, England.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover is measured at the invoiced value of the amounts receivable for goods supplied and services rendered, stated net of Value Added Tax. Revenue from the sale of goods is recognised when the goods have transferred to the buyer and usually payments are received prior to despatch.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods and is measured at the amounts of tax expected to be payable or recoverable using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment, tools and office equipment
-
15% reducing balance
Web site
-
33% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).
5. Tangible assets
£
Cost
At 1 February 2024 and 31 January 2025
2,500
-------
Depreciation
At 1 February 2024
2,133
Charge for the year
74
-------
At 31 January 2025
2,207
-------
Carrying amount
At 31 January 2025
293
-------
At 31 January 2024
367
-------