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Edginton Racing Limited

Registered Number
05342221
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

Edginton Racing Limited
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

Kenneth Richard Edginton
Nicholas Michael Edginton
Samantha Jane Edginton

Company Secretary

Samantha Jane Edginton

Registered Address

Gulwell House
Waterlake Road
Chard
TA20 2SH

Registered Number

05342221 (England and Wales)
Edginton Racing Limited
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets341,97742,049
41,97742,049
Current assets
Debtors419-
Cash at bank and on hand2611
4511
Creditors amounts falling due within one year5(3,214)(2,266)
Net current assets (liabilities)(3,169)(2,255)
Total assets less current liabilities38,80839,794
Provisions for liabilities(6,354)(6,200)
Net assets32,45433,594
Capital and reserves
Called up share capital100100
Revaluation reserve4,5004,500
Profit and loss account27,85428,994
Shareholders' funds32,45433,594
The financial statements were approved and authorised for issue by the Board of Directors on 1 July 2025, and are signed on its behalf by:
Nicholas Michael Edginton
Director
Registered Company No. 05342221
Edginton Racing Limited
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Vehicles25
2.Average number of employees
The following average number of employees includes directors.

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 2461,275
At 31 December 2461,275
Depreciation and impairment
At 01 January 2419,226
Charge for year72
At 31 December 2419,298
Net book value
At 31 December 2441,977
At 31 December 2342,049
4.Debtors: amounts due within one year

2024

2023

££
Other debtors19-
Total19-
5.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts-454
Taxation and social security497359
Payments received on account-250
Other creditors1,75529
Accrued liabilities and deferred income9621,174
Total3,2142,266
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.