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Registered number: 15413731
Knox Motor Sports Limited
Unaudited Financial Statements
For the Period 15 January 2024 to 31 January 2025
Brisan Accountancy Ltd
Canada House, First Floor, 20/20 Business Park
Maidstone
Kent
ME16 0LS
Knox Motor Sports Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Knox Motor Sports Limited
Balance Sheet
As At 31 January 2025
Balance Sheet
Registered number: 15413731

| 31 January 2025
--- | ---
| Notes | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 18,750
|  |  | 18,750
CURRENT ASSETS
Debtors | 5 | 100,745 |
Cash at bank and in hand |  | 1,418 |
|  | 102,163 |
Creditors: Amounts Falling Due Within One Year | 6 | (132,528 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (30,365 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (11,615 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 7 |  | (3,563 )
NET LIABILITIES |  |  | (15,178 )
CAPITAL AND RESERVES
Called up share capital | 8 |  | 2
Profit and Loss Account |  |  | (15,180 )
SHAREHOLDERS' FUNDS |  |  | (15,178)

Page 1
Page 2
Knox Motor Sports Limited
Balance Sheet (continued)
As At 31 January 2025
For the period ending 31 January 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Christian Harrity Director | Miss Katherine Heague Director
14 October 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Knox Motor Sports Limited
Notes to the Financial Statements
For the Period 15 January 2024 to 31 January 2025
Notes to the Financial Statements
1. General Information
Knox Motor Sports Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15413731 . The registered office is Cornercroft Church Lane, Henfield, BN5 9NY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The directors have pledged their ongoing financial support.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles | 25% on reducing balance

2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
Page 3
Page 4
Knox Motor Sports Limited
Notes to the Financial Statements (continued)
For the Period 15 January 2024 to 31 January 2025
4. Tangible Assets

| Motor Vehicles
--- | ---
| £
Cost
As at 15 January 2024 | -
Additions | 25,000
As at 31 January 2025 | 25,000
Depreciation
As at 15 January 2024 | -
Provided during the period | 6,250
As at 31 January 2025 | 6,250
Net Book Value
As at 31 January 2025 | 18,750
As at 15 January 2024 | -

5. Debtors

| 31 January 2025
--- | ---
| £
Due within one year
Trade debtors | 750
Other debtors | 99,995
| 100,745

6. Creditors: Amounts Falling Due Within One Year

| 31 January 2025
--- | ---
| £
Amounts owed to participating interests | 105,000
Other creditors | 27,528
| 132,528

7. Deferred Taxation
The provision for deferred tax is made up as follows:

| 31 January 2025
--- | ---
| £
Other timing differences | 3,563

8. Share Capital

| 31 January 2025
--- | ---
| £
Allotted, Called up and fully paid | 2

Page 4
Page 5
Knox Motor Sports Limited
Notes to the Financial Statements (continued)
For the Period 15 January 2024 to 31 January 2025
9. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:

| As at 15 January 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 January 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Christian Harrity | - | - | 27,528 | - | 27,528

The above loan is unsecured, interest free, repayable on demand and ranks equally with other unsecured creditors of the company.
10. Related Party Transactions
During the year the company received a loan from Harrity Building & Construction Ltd, a company under control, and at the year end owed £105,000.
11. Ultimate Controlling Party
The company's ultimate controlling party is the directors by virtue of their ownership of 100% of the issued share capital in the company.
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