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Company Registration No. 13961776 (England and Wales)
Pmg Karting World Ltd Unaudited accounts for the year ended 31 March 2024
Pmg Karting World Ltd Unaudited accounts Contents
Page
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Pmg Karting World Ltd Company Information for the year ended 31 March 2024
Director
Daniel Wilkinson
Company Number
13961776 (England and Wales)
Registered Office
Unit 17b/D Hartlebury Trading Estate Walton Road Kidderminster DY10 4JB England
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Pmg Karting World Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
469,880 
529,026 
Current assets
Debtors
27,512 
10,798 
Cash at bank and in hand
138 
21 
27,650 
10,819 
Creditors: amounts falling due within one year
(942,062)
(745,548)
Net current liabilities
(914,412)
(734,729)
Total assets less current liabilities
(444,532)
(205,703)
Creditors: amounts falling due after more than one year
(92,706)
(200,526)
Net liabilities
(537,238)
(406,229)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(537,239)
(406,230)
Shareholders' funds
(537,238)
(406,229)
For the year ending 31 March 2024 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 25 June 2024 and were signed on its behalf by
Daniel Wilkinson Director Company Registration No. 13961776
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Pmg Karting World Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Pmg Karting World Ltd is a private company, limited by shares, registered in England and Wales, registration number 13961776. The registered office is Unit 17b/D Hartlebury Trading Estate, Walton Road, Kidderminster, DY10 4JB, 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:
Land & buildings
10 years straight line
Plant & machinery
Range of straight line and reducing balance methods between periods ranging from 1 year to 12 years.
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
8,547 
574,489 
583,036 
Additions
- 
29,060 
29,060 
At 31 March 2024
8,547 
603,549 
612,096 
Depreciation
At 1 April 2023
855 
53,155 
54,010 
Charge for the year
- 
88,206 
88,206 
At 31 March 2024
855 
141,361 
142,216 
Net book value
At 31 March 2024
7,692 
462,188 
469,880 
At 31 March 2023
7,692 
521,334 
529,026 
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Pmg Karting World Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
569 
Accrued income and prepayments
27,512 
9,360 
Other debtors
- 
869 
27,512 
10,798 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,952 
20,767 
VAT
1,887 
- 
Obligations under finance leases and hire purchase contracts
107,127 
107,127 
Trade creditors
34,429 
3,677 
Amounts owed to group undertakings and other participating interests
- 
568,509 
Taxes and social security
1,406 
562 
Other creditors
1,633 
44,906 
Loans from directors
790,628 
- 
942,062 
745,548 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
92,706 
200,526 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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