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Company Registration No. 11005479 (England and Wales)
LECH RACING LIMITED Unaudited accounts for the year ended 31 March 2023
LECH RACING LIMITED Unaudited accounts Contents
Page
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LECH RACING LIMITED Company Information for the year ended 31 March 2023
Director
Lawrence Eke
Company Number
11005479 (England and Wales)
Registered Office
Lech Racing Limited 34 Duke Street Dukes Passage Brighton East Sussex BN1 1AG England
Accountants
Secandi Associates Ltd 87 Church Road Hove BN3 2BB
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LECH RACING LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
81,194 
84,896 
Current assets
Debtors
22,316 
9,673 
Cash at bank and in hand
12,442 
30,350 
34,758 
40,023 
Creditors: amounts falling due within one year
(609,781)
(441,568)
Net current liabilities
(575,023)
(401,545)
Net liabilities
(493,829)
(316,649)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(493,929)
(316,749)
Shareholders' funds
(493,829)
(316,649)
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 December 2023 and were signed on its behalf by
Lawrence Eke Director Company Registration No. 11005479
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LECH RACING LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
LECH RACING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11005479. The registered office is Lech Racing Limited, 34 Duke Street, Dukes Passage, Brighton, East Sussex, BN1 1AG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
94,329 
Additions
5,731 
At 31 March 2023
100,060 
Depreciation
At 1 April 2022
9,433 
Charge for the year
9,433 
At 31 March 2023
18,866 
Net book value
At 31 March 2023
81,194 
At 31 March 2022
84,896 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
11,808 
- 
Other debtors
10,508 
9,673 
22,316 
9,673 
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LECH RACING LIMITED Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
31,313 
73,732 
Other creditors
30,240 
- 
Loans from directors
548,228 
367,836 
609,781 
441,568 
7
Transactions with related parties
Interest free loans from Directors as at 01st April 2022 £363,672.00 Interest free loans from Directors as at 31st March 2023 £548,227.40
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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