Raceday Ltd - Filleted accounts

Registered number

08210131

Raceday Ltd

Unaudited Filleted Accounts

31 March 2025

Raceday Ltd
Registered number:		08210131
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		81,263			103,219
Investments	4		143,049			143,049
			224,312			246,268

Current assets
Stocks		91,921			81,898
Debtors	5	50,691			39,161
Cash at bank and in hand		14,430			65,152
		157,042			186,211

Creditors: amounts falling due within one year	6	(217,174)			(225,518)

Net current liabilities			(60,132)			(39,307)

Total assets less current liabilities			164,180			206,961

Creditors: amounts falling due after more than one year	7		(1,769)			(27,053)

Provisions for liabilities			(7,979)			(14,091)


Net assets			154,432			165,817

Capital and reserves
Called up share capital			4			4
Profit and loss account			154,428			165,813

Shareholders' funds			154,432			165,817

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


N Thackray
Director
Approved by the board on 28 October 2025

Raceday Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					7		11


3	Tangible fixed assets
		Property improvements		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	60,872		29,316		85,146		175,334
	Additions	-		965		-		965
	At 31 March 2025	60,872		30,281		85,146		176,299

	Depreciation
	At 1 April 2024	26,765		12,705		32,645		72,115
	Charge for the year	6,821		2,975		13,125		22,921
	At 31 March 2025	33,586		15,680		45,770		95,036

	Net book value
	At 31 March 2025	27,286		14,601		39,376		81,263
	At 31 March 2024	34,107		16,611		52,501		103,219


4	Investments

Other
investments
£
	Cost
	At 1 April 2024							143,049

	At 31 March 2025							143,049


5	Debtors					2025		2024
£							£

	Trade debtors					17,321		26,071
	Other debtors					33,370		13,090
						50,691		39,161


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					10,468		10,208
	Obligations under finance lease and hire purchase contracts					14,822		18,614
	Trade creditors					118,370		111,537
	Taxation and social security costs					24,958		28,770
	Other creditors					48,556		56,389
						217,174		225,518


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					1,769		12,231
	Obligations under finance lease and hire purchase contracts					-		14,822
						1,769		27,053


8	Other information

	Raceday Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 32 Edison Road
	St Ives
	Cambs
	PE27 3LQ