SWR Motorsport Limited

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—6

Registered number: 03909497

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		21,812		45,172

			21,812		45,172
CURRENT ASSETS
Stocks	5	257,729		241,263
Debtors	6	72,699		35,037
Cash at bank and in hand		515,255		392,028

		845,683		668,328
Creditors: Amounts Falling Due Within One Year	7	(387,477 )		(260,584 )

NET CURRENT ASSETS (LIABILITIES)			458,206		407,744

TOTAL ASSETS LESS CURRENT LIABILITIES			480,018		452,916

NET ASSETS			480,018		452,916

CAPITAL AND RESERVES
Called up share capital	8		1,000		1,000
Profit and Loss Account			479,018		451,916

SHAREHOLDERS' FUNDS			480,018		452,916

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SWR Motorsport Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 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 William Waudby

Director

5th December 2025

The notes on pages 4 to 6 form part of these financial statements.

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 April 2023	1,000	406,046	407,046
Profit for the year and total comprehensive income	-	80,870	80,870

Dividends paid	-	(35,000)	(35,000)

As at 31 March 2024 and 1 April 2024	1,000	451,916	452,916


Profit for the year and total comprehensive income	-	67,102	67,102

Dividends paid	-	(40,000)	(40,000)

As at 31 March 2025	1,000	479,018	480,018

1. General Information

SWR Motorsport Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03909497 . The registered office is Unit 2 Parkend Parkway, Harlow Business Park, Harlow, Essex, CM19 5QF.

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. 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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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.

2.3. 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:

Plant & Machinery	20%
Motor Vehicles	25%
Computer Equipment	33%

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. 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.

...CONTINUED

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SWR Motorsport Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation - continued

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 year, 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

6Average number of employees, including directors, during the year was: 6 (2024: 6)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	284,975	61,574	8,799	355,348
Additions	-	-	583	583
Disposals	-	(31,250 )	-	(31,250 )

As at 31 March 2025	284,975	30,324	9,382	324,681

Depreciation
As at 1 April 2024	269,413	32,624	8,139	310,176
Provided during the period	3,112	2,843	410	6,365
Disposals	-	(13,672 )	-	(13,672 )

As at 31 March 2025	272,525	21,795	8,549	302,869

Net Book Value
As at 31 March 2025	12,450	8,529	833	21,812

As at 1 April 2024	15,562	28,950	660	45,172

5. Stocks

	2025	2024
	£	£
Stock	257,729	241,263

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	59,815	26,917
Other debtors	12,884	8,120

	72,699	35,037

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SWR Motorsport Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	42,407	41,087
Other creditors	254,295	124,742
Taxation and social security	90,775	94,755

	387,477	260,584

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

9. Directors Advances, Credits and Guarantees

Dividends paid to directors

	2025	2024
	£	£
Mrs Gillian Waudby	20,000	17,500
Mr William Waudby	20,000	17,500

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