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Company Registration No. 13146485 (England and Wales)
Iconic Motorsport Services Limited Unaudited accounts for the year ended 31 January 2025
Iconic Motorsport Services Limited Unaudited accounts Contents
Page
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Iconic Motorsport Services Limited Company Information for the year ended 31 January 2025
Director
S Kendall
Company Number
13146485 (England and Wales)
Registered Office
Unit A The Pavilions Abeles Way Atherstone CV9 2QZ United Kingdom
Accountants
Tyler Cobane Limited 29 Walton Way Walton Stone Staffordshire ST15 0JF
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Iconic Motorsport Services Limited Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,019 
21,199 
Current assets
Inventories
700 
4,400 
Cash at bank and in hand
6,281 
3,941 
6,981 
8,341 
Creditors: amounts falling due within one year
(20,899)
(27,258)
Net current liabilities
(13,918)
(18,917)
Total assets less current liabilities
4,101 
2,282 
Provisions for liabilities
Deferred tax
(3,424)
(2,128)
Net assets
677 
154 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
577 
54 
Shareholders' funds
677 
154 
For the year ending 31 January 2025 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 23 March 2025 and were signed on its behalf by
S Kendall Director Company Registration No. 13146485
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Iconic Motorsport Services Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Iconic Motorsport Services Limited is a private company, limited by shares, registered in England and Wales, registration number 13146485. The registered office is Unit A The Pavilions, Abeles Way, Atherstone, CV9 2QZ, United Kingdom.
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:
Plant & machinery
15% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2024
27,489 
At 31 January 2025
27,489 
Depreciation
At 1 February 2024
6,290 
Charge for the year
3,180 
At 31 January 2025
9,470 
Net book value
At 31 January 2025
18,019 
At 31 January 2024
21,199 
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Iconic Motorsport Services Limited Notes to the Accounts for the year ended 31 January 2025
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
2,821 
15,313 
Other creditors
18,078 
11,945 
20,899 
27,258 
6
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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