2023-01-012023-12-312023-12-31false01752037PROTRAIN RACING PRODUCTS LIMITED2024-09-0929100iso4217:GBPxbrli:pure017520372023-01-01017520372023-12-31017520372023-01-012023-12-31017520372022-01-01017520372022-12-31017520372022-01-012022-12-3101752037bus:SmallEntities2023-01-012023-12-3101752037bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3101752037bus:FullAccounts2023-01-012023-12-3101752037bus:PrivateLimitedCompanyLtd2023-01-012023-12-3101752037core:WithinOneYear2023-12-3101752037core:AfterOneYear2023-12-3101752037core:WithinOneYear2022-12-3101752037core:AfterOneYear2022-12-3101752037core:ShareCapital2023-12-3101752037core:SharePremium2023-12-3101752037core:RevaluationReserve2023-12-3101752037core:OtherReservesSubtotal2023-12-3101752037core:RetainedEarningsAccumulatedLosses2023-12-3101752037core:ShareCapital2022-12-3101752037core:SharePremium2022-12-3101752037core:RevaluationReserve2022-12-3101752037core:OtherReservesSubtotal2022-12-3101752037core:RetainedEarningsAccumulatedLosses2022-12-3101752037core:LandBuildings2023-12-3101752037core:PlantMachinery2023-12-3101752037core:Vehicles2023-12-3101752037core:FurnitureFittings2023-12-3101752037core:OfficeEquipment2023-12-3101752037core:NetGoodwill2023-12-3101752037core:IntangibleAssetsOtherThanGoodwill2023-12-3101752037core:ListedExchangeTraded2023-12-3101752037core:UnlistedNon-exchangeTraded2023-12-3101752037core:LandBuildings2022-12-3101752037core:PlantMachinery2022-12-3101752037core:Vehicles2022-12-3101752037core:FurnitureFittings2022-12-3101752037core:OfficeEquipment2022-12-3101752037core:NetGoodwill2022-12-3101752037core:IntangibleAssetsOtherThanGoodwill2022-12-3101752037core:ListedExchangeTraded2022-12-3101752037core:UnlistedNon-exchangeTraded2022-12-3101752037core:LandBuildings2023-01-012023-12-3101752037core:PlantMachinery2023-01-012023-12-3101752037core:Vehicles2023-01-012023-12-3101752037core:FurnitureFittings2023-01-012023-12-3101752037core:OfficeEquipment2023-01-012023-12-3101752037core:NetGoodwill2023-01-012023-12-3101752037core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3101752037core:ListedExchangeTraded2023-01-012023-12-3101752037core:UnlistedNon-exchangeTraded2023-01-012023-12-3101752037core:MoreThanFiveYears2023-01-012023-12-3101752037core:Non-currentFinancialInstruments2023-12-3101752037core:Non-currentFinancialInstruments2022-12-3101752037dpl:CostSales2023-01-012023-12-3101752037dpl:DistributionCosts2023-01-012023-12-3101752037core:LandBuildings2023-01-012023-12-3101752037core:PlantMachinery2023-01-012023-12-3101752037core:Vehicles2023-01-012023-12-3101752037core:FurnitureFittings2023-01-012023-12-3101752037core:OfficeEquipment2023-01-012023-12-3101752037dpl:AdministrativeExpenses2023-01-012023-12-3101752037core:NetGoodwill2023-01-012023-12-3101752037core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3101752037dpl:GroupUndertakings2023-01-012023-12-3101752037dpl:ParticipatingInterests2023-01-012023-12-3101752037dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3101752037core:ListedExchangeTraded2023-01-012023-12-3101752037dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3101752037core:UnlistedNon-exchangeTraded2023-01-012023-12-3101752037dpl:CostSales2022-01-012022-12-3101752037dpl:DistributionCosts2022-01-012022-12-3101752037core:LandBuildings2022-01-012022-12-3101752037core:PlantMachinery2022-01-012022-12-3101752037core:Vehicles2022-01-012022-12-3101752037core:FurnitureFittings2022-01-012022-12-3101752037core:OfficeEquipment2022-01-012022-12-3101752037dpl:AdministrativeExpenses2022-01-012022-12-3101752037core:NetGoodwill2022-01-012022-12-3101752037core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3101752037dpl:GroupUndertakings2022-01-012022-12-3101752037dpl:ParticipatingInterests2022-01-012022-12-3101752037dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3101752037core:ListedExchangeTraded2022-01-012022-12-3101752037dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3101752037core:UnlistedNon-exchangeTraded2022-01-012022-12-3101752037core:NetGoodwill2023-12-3101752037core:IntangibleAssetsOtherThanGoodwill2023-12-3101752037core:LandBuildings2023-12-3101752037core:PlantMachinery2023-12-3101752037core:Vehicles2023-12-3101752037core:FurnitureFittings2023-12-3101752037core:OfficeEquipment2023-12-3101752037core:AfterOneYear2023-12-3101752037core:WithinOneYear2023-12-3101752037core:ListedExchangeTraded2023-12-3101752037core:UnlistedNon-exchangeTraded2023-12-3101752037core:ShareCapital2023-12-3101752037core:SharePremium2023-12-3101752037core:RevaluationReserve2023-12-3101752037core:OtherReservesSubtotal2023-12-3101752037core:RetainedEarningsAccumulatedLosses2023-12-3101752037core:NetGoodwill2022-12-3101752037core:IntangibleAssetsOtherThanGoodwill2022-12-3101752037core:LandBuildings2022-12-3101752037core:PlantMachinery2022-12-3101752037core:Vehicles2022-12-3101752037core:FurnitureFittings2022-12-3101752037core:OfficeEquipment2022-12-3101752037core:AfterOneYear2022-12-3101752037core:WithinOneYear2022-12-3101752037core:ListedExchangeTraded2022-12-3101752037core:UnlistedNon-exchangeTraded2022-12-3101752037core:ShareCapital2022-12-3101752037core:SharePremium2022-12-3101752037core:RevaluationReserve2022-12-3101752037core:OtherReservesSubtotal2022-12-3101752037core:RetainedEarningsAccumulatedLosses2022-12-3101752037core:NetGoodwill2022-01-0101752037core:IntangibleAssetsOtherThanGoodwill2022-01-0101752037core:LandBuildings2022-01-0101752037core:PlantMachinery2022-01-0101752037core:Vehicles2022-01-0101752037core:FurnitureFittings2022-01-0101752037core:OfficeEquipment2022-01-0101752037core:AfterOneYear2022-01-0101752037core:WithinOneYear2022-01-0101752037core:ListedExchangeTraded2022-01-0101752037core:UnlistedNon-exchangeTraded2022-01-0101752037core:ShareCapital2022-01-0101752037core:SharePremium2022-01-0101752037core:RevaluationReserve2022-01-0101752037core:OtherReservesSubtotal2022-01-0101752037core:RetainedEarningsAccumulatedLosses2022-01-0101752037core:AfterOneYear2023-01-012023-12-3101752037core:WithinOneYear2023-01-012023-12-3101752037core:Non-currentFinancialInstrumentscore:CostValuation2023-01-012023-12-3101752037core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-012023-12-3101752037core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-012023-12-3101752037core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-012023-12-3101752037core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-012023-12-3101752037core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-012023-12-3101752037core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3101752037core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3101752037core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3101752037core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3101752037core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3101752037core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3101752037core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3101752037core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3101752037core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3101752037core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3101752037core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3101752037core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3101752037core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3101752037core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3101752037core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3101752037core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3101752037core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3101752037core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3101752037core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3101752037core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3101752037core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3101752037bus:Director12023-01-012023-12-3101752037bus:Director22023-01-012023-12-3101752037bus:Director32023-01-012023-12-3101752037bus:Director42023-01-012023-12-3101752037core:FurnitureFittingsToolsEquipment2022-12-3101752037core:FurnitureFittingsToolsEquipment2023-01-012023-12-3101752037core:FurnitureFittingsToolsEquipment2023-12-31

PROTRAIN RACING PRODUCTS LIMITED

Registered Number
01752037
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

PROTRAIN RACING PRODUCTS LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

CHAPMAN, Gary Martin
CHAPMAN, Rita Beryl
CHAPMAN, Shirley Ann
CHAPMAN, Stephen Kenneth

Company Secretary

CHAPMAN, Rita Beryl

Registered Address

6 Hillcrest Way
Buckingham Industrial Estate
Buckingham
MK18 1HJ

Registered Number

01752037 (England and Wales)
PROTRAIN RACING PRODUCTS LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets344,34455,266
44,34455,266
Current assets
Stocks44,3503,800
Debtors16,46634,216
Cash at bank and on hand5,0042,831
25,82040,847
Creditors amounts falling due within one year5(32,663)(23,567)
Net current assets (liabilities)(6,843)17,280
Total assets less current liabilities37,50172,546
Creditors amounts falling due after one year6(5,447)(10,000)
Net assets32,05462,546
Capital and reserves
Called up share capital20,00020,000
Profit and loss account12,05442,546
Shareholders' funds32,05462,546
The financial statements were approved and authorised for issue by the Board of Directors on 9 September 2024, and are signed on its behalf by:
CHAPMAN, Gary Martin
Director
Registered Company No. 01752037
PROTRAIN RACING PRODUCTS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Vehicles15
Office Equipment25
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over their useful economic lives.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 January 2318,15444,9941,78263065,560
Additions---860860
At 31 December 2318,15444,9941,7821,49066,420
Depreciation and impairment
At 01 January 238,236-1,78227610,294
Charge for year2,4798,999-30411,782
At 31 December 2310,7158,9991,78258022,076
Net book value
At 31 December 237,43935,995-91044,344
At 31 December 229,91844,994-35455,266
4.Stocks

2023

2022

££
Raw materials and consumables4,3503,800
Total4,3503,800
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables21,72314,773
Taxation and social security3,615825
Finance lease and HP contracts5,0005,000
Other creditors85-
Accrued liabilities and deferred income2,2402,969
Total32,66323,567
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2023

2022

££
Other creditors5,44710,000
Total5,44710,000
7.Obligations under finance leases

2023

2022

££
Finance lease and HP contracts5,00010,000