Company Overview
Telescope Motorsport Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 01 December 2014, so this is a well established company. Telescope Motorsport Limited has been in business for 11 years and 4 months. The accounts status is total exemption full and the accounts are next due on Wednesday 31 December 2025.
Registered Address

Fair View, Old Byland, York, North Yorkshire, YO62 5LG
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Companies House Data
Company NameTELESCOPE MOTORSPORT LIMITED
Company Number09334229
Registered Office AddressFair View
 Old Byland
 YO62 5LG
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date01/12/2014
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2025
Accounts Last Made Up Date31/03/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date29/12/2016
Returns Last Made Up Date01/12/2015
Previous Company NameChanged Date
CG RACING LIMITED23 Jan 2023
Directors & Members
Carl Garnett - Director
(British, 50 years old, born June 1976)
Appointed 01 December 2014
 Active
Secretaries
Show Resigned
Richard Smedley - Secretary
Appointed 24 September 2019
 Active
Other Company Directorships
Carl Garnett
ABSOLUTE DIRECT MARKETING LTD
TELESCOPE GROUP LTD
TELESCOPE STUDIOS LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2023 31-Mar-2021
Balance Sheet
Fixed Assets 134,055 134,055 76,477
Current Assets 31,038 31,038 18,218
Creditors Due Within One Year 149,485 149,485 211,472
Working Cap -118,447 -118,447 -193,254
Total Assets Less Current Liabilities 15,608 15,608 -116,777
Long-term Liabilities 29,466 29,466 0
Net Assets -13,858 -13,858 -116,777
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -13,858 -13,858 -116,777
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2023 31-Mar-2021
Tangible Fixed Assets - - -
Fixed Assets 81.2% 81.2% 80.8%
Stocks Inventory - - -
Debtors - - 7.8%
Cash Bank In Hand 18.8% 18.8% 11.5%
Current Assets 18.8% 18.8% 19.2%
Creditors Due Within One Year 90.5% 90.5% 223.3%
Net Current Assets Liabilities -71.7% -71.7% -204.1%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds -8.4% -8.4% -123.3%
Capital Employed - - -
Total Assets Less Current Liabilities 9.5% 9.5% -123.3%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2023 31-Mar-2021
Liquidity Ratio 0.2 0.2 0.1
Solvency Ratio 0.9 0.9 0.4
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2023 31-Mar-2021
Assets 165,093 165,093 94,695
Debt 178,951 178,951 211,472
Net Assets/Debt -13,858 -13,858 -116,777

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Confirmation statement made on 27 June 2025 with no updates
Confirmation statement made on 27 June 2024 with no updates
Notification of Telescope Group Ltd as a person with significant control on 1 April 2023
Confirmation statement made on 27 June 2023 with updates
Cessation of Carl Garnett as a person with significant control on 1 April 2023
Certificate of change of name
Confirmation statement made on 1 December 2022 with no updates
Current accounting period extended from 30 November 2022 to 31 March 2023
Confirmation statement made on 1 December 2021 with no updates
Confirmation statement made on 1 December 2020 with no updates
Confirmation statement made on 1 December 2019 with no updates
Appointment of Mr Richard William Smedley as a secretary on 24 September 2019
Termination of appointment of Heidi Louise Garnett as a secretary on 24 September 2019
Change of details for Mr Carl Garnett as a person with significant control on 1 September 2019
Director's details changed for Mr Carl Jason Garnett on 1 September 2019
Registered office address changed from The Old Vicarage Pickhill Thirsk North Yorkshire YO7 4JG England to Fair View Old Byland York North Yorkshire YO62 5LG on 19 June 2019
Appointment of Mrs Heidi Louise Garnett as a secretary on 1 March 2019
Termination of appointment of Carl Jason Garnett as a secretary on 1 March 2019
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