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Company Registration No. 13811414 (England and Wales)
Gavin Ovenden Motorsport Ltd Unaudited accounts for the year ended 31 December 2024
Gavin Ovenden Motorsport Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Gavin Ovenden Motorsport Ltd Company Information for the year ended 31 December 2024
Director
Gavin Ovenden
Secretary
Michelle Ovenden
Company Number
13811414 (England and Wales)
Registered Office
60 HEADLANDS ROAD OSSETT WF5 8HU ENGLAND
Accountants
Bridgehouse Accountancy Svcs 27 Greenacre Park Rawdon Leeds West Yorkshire LS19 6AP
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Gavin Ovenden Motorsport Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
6,011 
6,453 
Current assets
Debtors
5
8,693 
- 
Cash at bank and in hand
2,682 
7,169 
11,375 
7,169 
Creditors: amounts falling due within one year
6
(19,171)
(6,169)
Net current (liabilities)/assets
(7,796)
1,000 
Total assets less current liabilities
(1,785)
7,453 
Creditors: amounts falling due after more than one year
7
(5,512)
(5,612)
Net (liabilities)/assets
(7,297)
1,841 
Capital and reserves
Called up share capital
8
1 
1 
Profit and loss account
(7,298)
1,840 
Shareholders' funds
(7,297)
1,841 
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 29 September 2025 and were signed on its behalf by
Gavin Ovenden Director Company Registration No. 13811414
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Gavin Ovenden Motorsport Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Gavin Ovenden Motorsport Ltd is a private company, limited by shares, registered in England and Wales, registration number 13811414. The registered office is 60 HEADLANDS ROAD, OSSETT, WF5 8HU, 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:
Plant & machinery
25% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% straight line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
2,619 
7,225 
663 
557 
11,064 
Additions
1,870 
- 
- 
- 
1,870 
At 31 December 2024
4,489 
7,225 
663 
557 
12,934 
Depreciation
At 1 January 2024
782 
3,418 
272 
139 
4,611 
Charge for the year
1,123 
952 
98 
139 
2,312 
At 31 December 2024
1,905 
4,370 
370 
278 
6,923 
Net book value
At 31 December 2024
2,584 
2,855 
293 
279 
6,011 
At 31 December 2023
1,837 
3,807 
391 
418 
6,453 
Revaluation was due to becoming vat registered. Vat amount was taken out of the initial cost.
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Gavin Ovenden Motorsport Ltd Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
6,171 
- 
Trade debtors
2,522 
- 
8,693 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
693 
Trade creditors
1,120 
677 
Taxes and social security
126 
818 
Other creditors
2,770 
2,770 
Loans from directors
14,355 
461 
Accruals
800 
750 
19,171 
6,169 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
5,512 
5,612 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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