Company Registration No. 10396734 (England and Wales)
KARTING (NORTHAMPTON) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018
PAGES FOR FILING WITH REGISTRAR
KARTING (NORTHAMPTON) LIMITED
COMPANY INFORMATION
Director
Mr M A Bryant
Company number
10396734
Registered office
202 Fazeley Street
Birmingham
West Midlands
B5 5SE
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
KARTING (NORTHAMPTON) LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
KARTING (NORTHAMPTON) LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KARTING (NORTHAMPTON) LIMITED FOR THE YEAR ENDED 28 FEBRUARY 2018
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Karting (Northampton) Limited for the year ended 28 February 2018 which comprise, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance
.
This report is made solely to the Board of Directors of Karting (Northampton) Limited, as a body, in accordance with
our
terms
of
engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Karting (Northampton) Limited
and state those matters that we have agreed to state to the Board of Directors of Karting (Northampton) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Karting (Northampton) Limited and its Board of Directors as a body, for
our work or for this report.
It is your duty to ensure that Karting (Northampton) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets,
liabilities, financial position and loss of Karting (Northampton) Limited. You consider that Karting (Northampton) Limited is exempt from the statutory audit
requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Karting (Northampton) Limited. For this reason, we have not verified the accuracy or completeness of the
accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ormerod Rutter Limited
23 July 2018
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
KARTING (NORTHAMPTON) LIMITED
BALANCE SHEET
AS AT 28 FEBRUARY 2018
28 February 2018
- 2 -
2018
2017
Notes
£
£
£
£
Current assets
Debtors
3
10
10
Net current assets
10
10
Capital and reserves
Called up share capital
4
10
10
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and signed by the director and authorised for issue on 23 July 2018
Mr M A Bryant
Director
Company Registration No. 10396734
KARTING (NORTHAMPTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018
- 3 -
1
Accounting policies
Company information
Karting (Northampton) Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
202 Fazeley Street, Birmingham, West Midlands, B5 5SE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 16 (2017 - 5).
3
Debtors
2018
2017
Amounts falling due within one year:
£
£
Amounts due from group undertakings
10
10
4
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
10 Ordinary of £1 each
10
10
5
Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
KARTING (NORTHAMPTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2018
- 4 -
6
Control
Ultimate parent company
The ultimate parent company is Teamworks Karting Holdings
Limited
, a company registered in England and Wales.
Ultimate controlling party
The ultimate controlling party is, Mr M A Bryant and Mrs S J Schehtman, by virtue of their interest in the
ultimate parent company.