Registered Number 05609231
STINGRAY MOTORSPORT LIMITED
Abbreviated Accounts
30 November 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Tangible assets depreciation policy
Plant and machinery - 25% reducing balance
Fixtures, fittings and equipment - 20% reducing balance
Other accounting policies
At the balance sheet date the company had net liabilities of £28,302 (2013: £27,437). The accounts have been prepared on the going concern basis because the principal creditor, Cloudbass Limited, as associated company, has agreed not to request repayment of the full amount owed to it of £29,666 until such time as the company is in a position to effect repayment.
£ | |
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Cost | |
At 1 December 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 November 2014 |
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Depreciation | |
At 1 December 2013 |
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Charge for the year |
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On disposals |
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At 30 November 2014 |
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Net book values | |
At 30 November 2014 | 642 |
At 30 November 2013 | 856 |