Abbreviated Company Accounts - MOTORSPORT WORLDWIDE LIMITED

MOTORSPORT WORLDWIDE LIMITED - Company Information

06439863 MOTORSPORT WORLDWIDE LIMITED 2015-11-30 false 2014-12-01 2015-11-30 true 06439863 2014-12-01 2015-11-30 06439863 2015-11-30 06439863 2014-11-30 06439863 uk-gaap-cd-bus:Director1 2014-12-01 2015-11-30 06439863 uk-gaap-cd-bus:Director2 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 iso4217:GBP shares

Registered Number 06439863

MOTORSPORT WORLDWIDE LIMITED

Abbreviated Accounts

30 November 2015

MOTORSPORT WORLDWIDE LIMITED Registered Number 06439863

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	5,859	-
		5,859	-
Current assets
Debtors		218,749	123,436
Cash at bank and in hand		468,769	484,986
		687,518	608,422
Creditors: amounts falling due within one year		(419,817)	(356,559)
Net current assets (liabilities)		267,701	251,863
Total assets less current liabilities		273,560	251,863
Total net assets (liabilities)		273,560	251,863
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		273,460	251,763
Shareholders' funds		273,560	251,863

For the year ending 30 November 2015 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 August 2016

And signed on their behalf by:
D Bois, Director

MOTORSPORT WORLDWIDE LIMITED Registered Number 06439863

Notes to the Abbreviated Accounts for the period ended 30 November 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover, which all relates to the principal activity, is stated net of VAT and refunds.

Tangible assets depreciation policy
Depreciation is provided at 25% p.a. on a reducing balance basis, on all tangible fixed assets.

2Tangible fixed assets

	£
Cost
At 1 December 2014	-
Additions	7,812
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2015	7,812
Depreciation
At 1 December 2014	-
Charge for the year	1,953
On disposals	-
At 30 November 2015	1,953
Net book values
At 30 November 2015	5,859
At 30 November 2014	-

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100