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Datum Motorsport Ltd

Financial Statements for the Year Ended 30 June 2023






Datum Motorsport Ltd (Registered number: 07507844)






Contents of the Financial Statements
for the year ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Datum Motorsport Ltd

Company Information
for the year ended 30 June 2023







DIRECTOR: Mr T Robinson





REGISTERED OFFICE: Ash Tree Barn
Fairclough Hall Farm
Weston
Hitchin
Hertfordshire
SG4 7DP





REGISTERED NUMBER: 07507844 (England and Wales)





ACCOUNTANTS: Hargreaves Owen Ltd
Chartered Certified Accountants
Red Sky House
Fairclough Hall, Halls Green
Weston
Hertfordshire
SG4 7DP

Datum Motorsport Ltd (Registered number: 07507844)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 79,202 104,118
79,202 104,118

CURRENT ASSETS
Stocks 6,450 6,000
Debtors 6 44,512 27,683
Cash at bank and in hand 61,027 38,969
111,989 72,652
CREDITORS
Amounts falling due within one year 7 110,668 102,105
NET CURRENT ASSETS/(LIABILITIES) 1,321 (29,453 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,523

74,665

CREDITORS
Amounts falling due after more than one
year

8

18,448

24,295
NET ASSETS 62,075 50,370

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 62,073 50,368
SHAREHOLDERS' FUNDS 62,075 50,370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Datum Motorsport Ltd (Registered number: 07507844)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 February 2024 and were signed by:





Mr T Robinson - Director


Datum Motorsport Ltd (Registered number: 07507844)

Notes to the Financial Statements
for the year ended 30 June 2023

1. STATUTORY INFORMATION

Datum Motorsport Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017 is now fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance and not provided
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Datum Motorsport Ltd (Registered number: 07507844)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 20,000
AMORTISATION
At 1 July 2022
and 30 June 2023 20,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 July 2022
and 30 June 2023 15,000 214,783 1,065 230,848
DEPRECIATION
At 1 July 2022 4,500 121,527 703 126,730
Charge for year 1,500 23,314 102 24,916
At 30 June 2023 6,000 144,841 805 151,646
NET BOOK VALUE
At 30 June 2023 9,000 69,942 260 79,202
At 30 June 2022 10,500 93,256 362 104,118

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 44,512 27,683

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,904 3,762
Corporation tax 10,613 3,471
PAYE 1,366 871
VAT 13,085 15,413
Pension fund 176 109
Credit card 4,377 2,381
Directors' current accounts 72,247 75,248
Accrued expenses 900 850
110,668 102,105

Datum Motorsport Ltd (Registered number: 07507844)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bounce back loan 18,448 24,295