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Company Registration No. 11509807 (England and Wales)
Silverstone Dream Cars Ltd Unaudited accounts for the year ended 31 August 2024
Silverstone Dream Cars Ltd Unaudited accounts Contents
Page
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Silverstone Dream Cars Ltd Company Information for the year ended 31 August 2024
Directors
Gareth Pugh Ryan O'Neill
Company Number
11509807 (England and Wales)
Registered Office
Unit 10 TANYARD The Tanyard Leigh Road Street BA16 0HD England
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Silverstone Dream Cars Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
67,170 
81,983 
Current assets
Inventories
30,000 
44,000 
Debtors
750 
4,017 
Cash at bank and in hand
27,837 
11,429 
58,587 
59,446 
Creditors: amounts falling due within one year
(51,910)
(54,733)
Net current assets
6,677 
4,713 
Total assets less current liabilities
73,847 
86,696 
Creditors: amounts falling due after more than one year
(48,644)
(67,350)
Net assets
25,203 
19,346 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
25,199 
19,342 
Shareholders' funds
25,203 
19,346 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2025 and were signed on its behalf by
Ryan O'Neill Director Company Registration No. 11509807
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Silverstone Dream Cars Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Silverstone Dream Cars Ltd is a private company, limited by shares, registered in England and Wales, registration number 11509807. The registered office is Unit 10 TANYARD The Tanyard, Leigh Road, Street, BA16 0HD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing Balance
Computer equipment
25% Straight Line
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
80,600 
3,356 
83,956 
Additions
- 
2,277 
2,277 
At 31 August 2024
80,600 
5,633 
86,233 
Depreciation
At 1 September 2023
1,344 
629 
1,973 
Charge for the year
15,852 
1,238 
17,090 
At 31 August 2024
17,196 
1,867 
19,063 
Net book value
At 31 August 2024
63,404 
3,766 
67,170 
At 31 August 2023
79,256 
2,727 
81,983 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
750 
4,017 
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Silverstone Dream Cars Ltd Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Obligations under finance leases and hire purchase contracts
9,227 
9,000 
Taxes and social security
5,108 
- 
Other creditors
19,793 
32,205 
Loans from directors
6,382 
2,128 
Accruals
1,400 
1,400 
51,910 
54,733 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,498 
20,750 
Obligations under finance leases and hire purchase contracts
37,146 
46,600 
48,644 
67,350 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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