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Company Registration No. 13961776 (England and Wales)
Pmg Karting World Ltd Unaudited accounts for the year ended 31 March 2025
Pmg Karting World Ltd Unaudited accounts Contents
Page
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Pmg Karting World Ltd Company Information for the year ended 31 March 2025
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 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
603,557 
469,880 
Current assets
Debtors
9,359 
27,512 
Cash at bank and in hand
11,776 
138 
21,135 
27,650 
Creditors: amounts falling due within one year
(118,484)
(151,434)
Net current liabilities
(97,349)
(123,784)
Total assets less current liabilities
506,208 
346,096 
Creditors: amounts falling due after more than one year
(1,007,025)
(883,334)
Net liabilities
(500,817)
(537,238)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(500,818)
(537,239)
Shareholders' funds
(500,817)
(537,238)
For the year ending 31 March 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 22 May 2025 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 2025
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 2024
8,547 
603,549 
612,096 
Additions
584 
102,341 
102,925 
Disposals
- 
(14,977)
(14,977)
At 31 March 2025
9,131 
690,913 
700,044 
Depreciation
At 1 April 2024
855 
141,361 
142,216 
Charge for the year
1,609 
(38,028)
(36,419)
On disposals
- 
(9,310)
(9,310)
At 31 March 2025
2,464 
94,023 
96,487 
Net book value
At 31 March 2025
6,667 
596,890 
603,557 
At 31 March 2024
7,692 
462,188 
469,880 
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Pmg Karting World Ltd Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
9,359 
27,512 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
11,755 
4,952 
VAT
4,431 
1,887 
Obligations under finance leases and hire purchase contracts
51,025 
107,127 
Trade creditors
3,751 
34,429 
Taxes and social security
8,232 
1,406 
Other creditors
14,290 
1,633 
Deferred income
25,000 
- 
118,484 
151,434 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Obligations under finance leases and hire purchase contracts
69,860 
92,706 
Loans from directors
937,165 
790,628 
1,007,025 
883,334 
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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