Acorah Software Products - Accounts Production 16.6.950 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 05348155 Mr Gareth Burnett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05348155 2024-01-31 05348155 2025-01-31 05348155 2024-02-01 2025-01-31 05348155 frs-core:CurrentFinancialInstruments 2025-01-31 05348155 frs-core:Non-currentFinancialInstruments 2025-01-31 05348155 frs-core:FurnitureFittings 2025-01-31 05348155 frs-core:FurnitureFittings 2024-02-01 2025-01-31 05348155 frs-core:FurnitureFittings 2024-01-31 05348155 frs-core:ShareCapital 2025-01-31 05348155 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 05348155 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 05348155 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 05348155 frs-bus:SmallEntities 2024-02-01 2025-01-31 05348155 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 05348155 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 05348155 frs-bus:Director1 2024-02-01 2025-01-31 05348155 frs-core:CurrentFinancialInstruments 4 2025-01-31 05348155 frs-countries:EnglandWales 2024-02-01 2025-01-31 05348155 2023-01-31 05348155 2024-01-31 05348155 2023-02-01 2024-01-31 05348155 frs-core:CurrentFinancialInstruments 2024-01-31 05348155 frs-core:Non-currentFinancialInstruments 2024-01-31 05348155 frs-core:ShareCapital 2024-01-31 05348155 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 05348155 frs-core:CurrentFinancialInstruments 4 2024-01-31
Registered number: 05348155
GB Race Engineering Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
GB Race Engineering Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—4

Page 1
GB Race Engineering Limited
Balance Sheet
As At 31 January 2025
Balance Sheet
Registered number: 05348155

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | - |  | 1
|  |  | - |  | 1
CURRENT ASSETS
Debtors | 5 | 1,016,309 |  | 1,033,440 |
Cash at bank and in hand |  | 7 |  | 21 |
|  | 1,016,316 |  | 1,033,461 |
Creditors: Amounts Falling Due Within One Year | 6 | (773,547 ) |  | (768,047 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 242,769 |  | 265,414
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 242,769 |  | 265,415
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (296,049 ) |  | (307,173 )
NET LIABILITIES |  |  | (53,280 ) |  | (41,758 )
CAPITAL AND RESERVES
Called up share capital | 8 |  | 95,625 |  | 95,625
Profit and Loss Account |  |  | (148,905 ) |  | (137,383 )
SHAREHOLDERS' FUNDS |  |  | (53,280) |  | (41,758)

Page 1
Page 2
GB Race Engineering Limited
Balance Sheet (continued)
As At 31 January 2025
For the year 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 member has 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.
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 Gareth Burnett Director
1 December 2025

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
GB Race Engineering Limited
Notes to the Financial Statements
For The Year Ended 31 January 2025
Notes to the Financial Statements
1. General Information
GB Race Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05348155 . The registered office is Unit 3, Cattle Sheds, Weston Wood Farm, Common Road, Weston Colville, Cambridgeshire, CB21 5NR.
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. 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:

Fixtures & Fittings | 25% on Cost

3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets

| Fixtures & Fittings
--- | ---
| £
Cost
As at 1 February 2024 | 40,949
As at 31 January 2025 | 40,949
Depreciation
As at 1 February 2024 | 40,948
Provided during the period | 1
As at 31 January 2025 | 40,949
Net Book Value
As at 31 January 2025 | -
As at 1 February 2024 | 1

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 91,399 |  | 91,399
Amounts owed by associates | 924,910 |  | 942,041
| 1,016,309 |  | 1,033,440

Page 3
Page 4
GB Race Engineering Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 5,500 |  | -
Redeemable preference shares | 754,375 |  | 754,375
Accruals and deferred income | 13,672 |  | 13,672
| 773,547 |  | 768,047

7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 24,861 |  | 35,985
Other creditors | 271,188 |  | 271,188
| 296,049 |  | 307,173

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 95,625 |  | 95,625

Page 4