IRIS Accounts Production v24.3.2.46 07507844 director 1.7.23 30.6.24 30.6.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075078442023-06-30075078442024-06-30075078442023-07-012024-06-30075078442022-06-30075078442022-07-012023-06-30075078442023-06-3007507844ns15:EnglandWales2023-07-012024-06-3007507844ns14:PoundSterling2023-07-012024-06-3007507844ns10:Director12023-07-012024-06-3007507844ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3007507844ns10:SmallEntities2023-07-012024-06-3007507844ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3007507844ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3007507844ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3007507844ns10:FullAccounts2023-07-012024-06-300750784412023-07-012024-06-3007507844ns10:RegisteredOffice2023-07-012024-06-3007507844ns5:CurrentFinancialInstruments2024-06-3007507844ns5:CurrentFinancialInstruments2023-06-3007507844ns5:Non-currentFinancialInstruments2024-06-3007507844ns5:Non-currentFinancialInstruments2023-06-3007507844ns5:ShareCapital2024-06-3007507844ns5:ShareCapital2023-06-3007507844ns5:RetainedEarningsAccumulatedLosses2024-06-3007507844ns5:RetainedEarningsAccumulatedLosses2023-06-3007507844ns5:NetGoodwill2023-07-012024-06-3007507844ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3007507844ns5:LeaseholdImprovements2023-07-012024-06-3007507844ns5:PlantMachinery2023-07-012024-06-3007507844ns5:ComputerEquipment2023-07-012024-06-3007507844ns5:NetGoodwill2023-06-3007507844ns5:NetGoodwill2024-06-3007507844ns5:NetGoodwill2023-06-3007507844ns5:LeaseholdImprovements2023-06-3007507844ns5:PlantMachinery2023-06-3007507844ns5:ComputerEquipment2023-06-3007507844ns5:LeaseholdImprovements2024-06-3007507844ns5:PlantMachinery2024-06-3007507844ns5:ComputerEquipment2024-06-3007507844ns5:LeaseholdImprovements2023-06-3007507844ns5:PlantMachinery2023-06-3007507844ns5:ComputerEquipment2023-06-3007507844ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-06-3007507844ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-06-30
















Datum Motorsport Ltd

Financial Statements for the Year Ended 30 June 2024






Datum Motorsport Ltd (Registered number: 07507844)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Datum Motorsport Ltd

Company Information
for the year ended 30 June 2024







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 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 60,926 79,202
60,926 79,202

CURRENT ASSETS
Stocks 5,125 6,450
Debtors 6 29,676 44,512
Cash at bank and in hand 110,533 61,027
145,334 111,989
CREDITORS
Amounts falling due within one year 7 107,569 110,668
NET CURRENT ASSETS 37,765 1,321
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,691

80,523

CREDITORS
Amounts falling due after more than one
year

8

(12,454

)

(18,448

)

ACCRUALS AND DEFERRED INCOME (10,361 ) -
NET ASSETS 75,876 62,075

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 75,874 62,073
SHAREHOLDERS' FUNDS 75,876 62,075

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

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

Datum Motorsport Ltd (Registered number: 07507844)

Balance Sheet - continued
30 June 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 20 December 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 2024

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 6 (2023 - 5 ) .

Datum Motorsport Ltd (Registered number: 07507844)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 20,000
AMORTISATION
At 1 July 2023
and 30 June 2024 20,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 July 2023 15,000 214,783 1,065 230,848
Additions - 1,060 - 1,060
At 30 June 2024 15,000 215,843 1,065 231,908
DEPRECIATION
At 1 July 2023 6,000 144,841 805 151,646
Charge for year 1,500 17,749 87 19,336
At 30 June 2024 7,500 162,590 892 170,982
NET BOOK VALUE
At 30 June 2024 7,500 53,253 173 60,926
At 30 June 2023 9,000 69,942 260 79,202

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,676 44,512

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,462 7,904
Corporation tax 9,481 10,613
PAYE - 1,366
VAT 24,510 13,085
Pension fund 390 176
Credit card 2,579 4,377
Directors' current accounts 64,247 72,247
Accrued expenses 900 900
107,569 110,668

Datum Motorsport Ltd (Registered number: 07507844)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,389 6,389
Bounce back loan 6,065 12,059
12,454 18,448