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Company Registration No. 3939308 (England and Wales)
Welch Motorsport Limited Unaudited accounts for the year ended 31 December 2024
Welch Motorsport Limited Unaudited accounts Contents
Page
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Welch Motorsport Limited Company Information for the year ended 31 December 2024
Director
John David Welch
Company Number
3939308 (England and Wales)
Registered Office
5 Coxheath Road Fleet Hampshire GU51 5QH
Accountants
Black & White Chartered Certified Accountants 2-3 Stable Court Herriard Park Herriard Hampshire RG25 2PL
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Welch Motorsport Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,552 
27,403 
Current assets
Debtors
40,019 
45,311 
Cash at bank and in hand
254 
88 
40,273 
45,399 
Creditors: amounts falling due within one year
(128,886)
(140,444)
Net current liabilities
(88,613)
(95,045)
Total assets less current liabilities
(68,061)
(67,642)
Creditors: amounts falling due after more than one year
(19,286)
(6,000)
Net liabilities
(87,347)
(73,642)
Capital and reserves
Called up share capital
80 
80 
Revaluation reserve
125,000 
125,000 
Profit and loss account
(212,427)
(198,722)
Shareholders' funds
(87,347)
(73,642)
For the year ending 31 December 2024 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 3 April 2025 and were signed on its behalf by
John David Welch Director Company Registration No. 3939308
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Welch Motorsport Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Welch Motorsport Limited is a private company, limited by shares, registered in England and Wales, registration number 3939308. The registered office is 5 Coxheath Road, Fleet, Hampshire, GU51 5QH.
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
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
25% 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 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
172,333 
732,226 
2,000 
906,559 
At 31 December 2024
172,333 
732,226 
2,000 
906,559 
Depreciation
At 1 January 2024
154,035 
723,437 
1,684 
879,156 
Charge for the year
4,575 
2,197 
79 
6,851 
At 31 December 2024
158,610 
725,634 
1,763 
886,007 
Net book value
At 31 December 2024
13,723 
6,592 
237 
20,552 
At 31 December 2023
18,298 
8,789 
316 
27,403 
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Welch Motorsport Limited Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
40,019 
45,311 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,000 
4,000 
VAT
(18)
247 
Trade creditors
37 
94 
Other creditors
2,787 
15,000 
Loans from directors
121,401 
120,457 
Accruals
679 
646 
128,886 
140,444 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,286 
6,000 
Other creditors
15,000 
- 
19,286 
6,000 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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