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REGISTERED NUMBER: 06522372 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

MOTO RAPIDO RACING LTD

MOTO RAPIDO RACING LTD (REGISTERED NUMBER: 06522372)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOTO RAPIDO RACING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: S A Moore





SECRETARY: Ms M E Ellis





REGISTERED OFFICE: Desmo House
Winnall Valley Road
Winchester
Hampshire
SO23 0LD





REGISTERED NUMBER: 06522372 (England and Wales)





ACCOUNTANTS: Fraser CGA Winchester
12A Vicarage Farm
Business Park
Winchester Road
Fair Oak
Hampshire
SO50 7HD

MOTO RAPIDO RACING LTD (REGISTERED NUMBER: 06522372)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 36,891 32,411

CURRENT ASSETS
Stocks 5 7,400 -
Debtors 6 81,700 156,438
Cash at bank and in hand 29,471 91,309
118,571 247,747
CREDITORS
Amounts falling due within one year 7 (294,132 ) (447,614 )
NET CURRENT LIABILITIES (175,561 ) (199,867 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(138,670

)

(167,456

)

CREDITORS
Amounts falling due after more than one
year

8

(21,569

)

(31,570

)
NET LIABILITIES (160,239 ) (199,026 )

CAPITAL AND RESERVES
Called up share capital 9 20 20
Retained earnings (160,259 ) (199,046 )
SHAREHOLDERS' FUNDS (160,239 ) (199,026 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

MOTO RAPIDO RACING LTD (REGISTERED NUMBER: 06522372)

BALANCE SHEET - continued
30 APRIL 2024


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 27 January 2025 and were signed by:





S A Moore - Director


MOTO RAPIDO RACING LTD (REGISTERED NUMBER: 06522372)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Moto Rapido Racing 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MOTO RAPIDO RACING LTD (REGISTERED NUMBER: 06522372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 294,813
Additions 25,105
At 30 April 2024 319,918
DEPRECIATION
At 1 May 2023 262,402
Charge for year 20,625
At 30 April 2024 283,027
NET BOOK VALUE
At 30 April 2024 36,891
At 30 April 2023 32,411

5. STOCKS
2024 2023
£    £   
Payments on account 7,400 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 73,541 106,861
Other debtors 8,159 49,577
81,700 156,438

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 112,844 144,396
Taxation and social security 34,507 18,873
Other creditors 146,781 284,345
294,132 447,614

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 21,569 31,570

MOTO RAPIDO RACING LTD (REGISTERED NUMBER: 06522372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
20 Ordinary 1 20 20