| Registered Number:04400632 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
Autocross Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
4,008
4,936
2
4,008
4,936
105,500
110,000
3
| Trade and other receivables |
14,022
19,963
4
956
| Cash and cash equivalents |
3,260
133,223
120,478
| Trade and other payables: amounts falling due within one |
| year |
(146,215)
(160,301)
5
(25,737)
(27,078)
Net current liabilities
| Total assets less current liabilities |
(23,070)
(20,801)
(23,070)
Net liabilities
(20,801)
100
100
(23,170)
(20,901)
(23,070)
(20,801)
Shareholders' funds
| For the year ended 31 December 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 15 December 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 December 2024
Autocross Limited
Notes to the Financial Statements
Statutory Information
| Autocross Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 04400632. |
Hatches Farm
Hatches Farm Road
Little Burstead
Billericay, Essex
CM12 9SG
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Office equipment
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 December 2024
Autocross Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
32,305
2,402
29,903
29,903
2,402
32,305
| Provision for depreciation and impairment |
27,369
1,232
26,137
Charge for year
928
175
753
28,297
1,407
26,890
3,013
995
4,008
3,766
1,170
4,936
2023
2024
110,000
105,500
| 4. Trade and other receivables |
2023
2024
9,938
2,218
| Prepayments and accrued income |
7,450
7,450
| Taxation and social security |
2,575
4,354
14,022
19,963
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
15,121
1,468
16,357
3,691
| Accruals and deferred income |
-
4,960
118,527
113,385
10,296
22,711
160,301
146,215
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For the year ended 31 December 2024
Autocross Limited
Notes to the Financial Statements Continued
| 6. Related party transactions |
| The company is jointly controlled by the Directors who hold 100% of the voting rights of the company in equal |
| proportions. |
| 7. Average number of persons employed |
During the year the average number of employees was 1 (2023 : 1)
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