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Registered Number: 09650562
England and Wales

 

 

 

DRIVETORQUE MOTORSPORT LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024
  2024   2023
    £ £   £ £
Fixed assets   479,865      479,865 
Current assets 10      10   
Creditors: amount falling due within one year (259,030)     (258,933)  
Net current assets   (259,020)     (258,923)
Total assets less current liabilities   220,845      220,942 
Net assets   220,845      220,942 
 

         
Capital and reserves   220,845      220,942 
 
NOTES TO THE ACCOUNTS

General Information
Drivetorque Motorsport Limited is a private company, limited by shares, registered in England and Wales, registration number 09650562, registration address 6 Back Austhorpe Road, Leeds, West Yorkshire, LS15 8NW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).

3.

Directors Loan

At 31st December 2023, the directors loan account of £22,000 (2023 £22,000) is unsecured, repayable on demand and interest free. During the period the directors incurred the following transactions: 

  Balance B/F
£
  Advances
£
  Credits
£
  Balance C/F
£
Directors Loan (22,000) 58,000  (58,000) (22,000)


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 17 March 2025 and were signed on its behalf by:


--------------------------------
R Watkins
Director
1