Accounts Submission


CLASSIC AUTOSPORTS LIMITED

Company Registration Number:
SC209916 (Scotland)

Unaudited micro entity accounts for the year ended 31 December 2020

Period of accounts

Start date: 01 January 2020

End date: 31 December 2020

CLASSIC AUTOSPORTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2020

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Footnotes to the Balance Sheet - 8

CLASSIC AUTOSPORTS LIMITED

Company Information

for the Period Ended 31 December 2020




Director: GARETH BARNETT
Secretary: CCW SECRETARIES LTD
Registered office: Crescent House, Carnegie Campus
Dunfermline
Fife
KY11 8GR
Company Registration Number: SC209916 (Scotland)

CLASSIC AUTOSPORTS LIMITED

Directors' Report Period Ended 31 December 2020

The directors present their report with the financial statements of the company for the period ended 31 December 2020

Principal Activities

The company's principal activity is that of the repair, rebuild, and racing experiences in classic vehicles

Directors

The directors shown below have held office during the whole of the period from 01 January 2020 to 31 December 2020
GARETH BARNETT

Secretary
CCW SECRETARIES LTD

This report was approved by the board of directors on 28 September 2021
And Signed On Behalf Of The Board By:

Name: GARETH BARNETT
Status: Director

CLASSIC AUTOSPORTS LIMITED

Profit and Loss Account

for the Period Ended 31 December 2020


2020
£

2019
£
Turnover 108,271 131,755
Income from coronavirus (COVID-19) business support grants 10,000 0
Other Income 0 28
Cost of Materials ( 39,882 ) ( 53,521 )
Staff Costs ( 67,618 ) ( 73,280 )
Depreciation and Writeoffs ( 872 ) ( 424 )
Other charges ( 23,105 ) ( 27,662 )
Profit or (Loss) for Period ( 13,206 ) ( 23,104 )

CLASSIC AUTOSPORTS LIMITED

Balance sheet

As at 31 December 2020


2020
£

2019
£
Called up share capital not paid: 1 1
Fixed Assets: 10,541 2,363
Current assets: 19,822 888
Prepayments and accrued income: 908 0
Creditors: amounts falling due within one year: ( 12,104 ) ( 9,633 )
Net current assets (liabilities): 8,626 ( 8,745 )
Total assets less current liabilities: 19,168 ( 6,381 )
Creditors: amounts falling due after more than one year: ( 95,586 ) ( 83,748 )
Provision for liabilities: ( 4,771 ) ( 4,387 )
Accruals and deferred income: ( 26,702 ) ( 169 )
Total net assets (liabilities): ( 107,891 ) ( 94,685 )
Capital and reserves: ( 107,891 ) ( 94,685 )

CLASSIC AUTOSPORTS LIMITED

Balance sheet continued

For the year ending 31 December 2020 the company was entitled to exemption 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 of the small companies regime applicable to micro-entities.

This report was approved by the board of directors on 28 September 2021
And Signed On Behalf Of The Board By:

Name: GARETH BARNETT
Status: Director

The notes form part of these financial statements

CLASSIC AUTOSPORTS LIMITED

Footnotes to the Financial Statements

for the Period Ended 31 December 2020

  • 1. Employee Information

    Average number of employees: 3

CLASSIC AUTOSPORTS LIMITED

Footnotes to the Financial Statements

for the Period Ended 31 December 2020

  • 2. Off balance sheet disclosure

    No