PROTRAIN RACING PRODUCTS LIMITED


Company Secretary	CHAPMAN, Rita Beryl


Registered Address	6 Hillcrest Way
	Buckingham Industrial Estate
	Buckingham
	MK18 1HJ


Registered Number	01752037 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		44,868		44,344
			44,868		44,344
Current assets
Stocks	4	5,000		4,350
Debtors		21,274		16,466
Cash at bank and on hand		7,435		5,004
		33,709		25,820
Creditors amounts falling due within one year	5	(31,381)		(32,663)
Net current assets (liabilities)			2,328		(6,843)
Total assets less current liabilities			47,196		37,501
Creditors amounts falling due after one year	6		(54)		(5,447)
Net assets			47,142		32,054
Capital and reserves
Called up share capital			20,000		20,000
Profit and loss account			27,142		12,054
Shareholders' funds			47,142		32,054

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 26 September 2025, and are signed on its behalf by:

CHAPMAN, Gary Martin
Director
Registered Company No. 01752037

PROTRAIN RACING PRODUCTS 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 rendering of services
	Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	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:

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over their useful economic lives.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	4		1

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 24	18,154	44,994	1,782	1,490	66,420
Additions	13,271	-	-	499	13,770
Disposals	(4,900)	-	-	-	(4,900)
At 31 December 24	26,525	44,994	1,782	1,989	75,290
Depreciation and impairment
At 01 January 24	10,715	8,999	1,782	580	22,076
Charge for year	3,952	7,199	-	352	11,503
On disposals	(3,157)	-	-	-	(3,157)
At 31 December 24	11,510	16,198	1,782	932	30,422
Net book value
At 31 December 24	15,015	28,796	-	1,057	44,868
At 31 December 23	7,439	35,995	-	910	44,344

4.	Stocks

	2024	2023
	£	£
Raw materials and consumables	5,000	4,350
Total	5,000	4,350

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	9,466	21,723
Taxation and social security	14,575	3,615
Finance lease and HP contracts	5,000	5,000
Other creditors	-	85
Accrued liabilities and deferred income	2,340	2,240
Total	31,381	32,663


	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.

6.	Creditors: amounts due after one year

7.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	5,000		10,000