Dominant Motorsport Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04577649

Dominant Motorsport Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Dominant Motorsport Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	10,968	12,927

Current assets

Debtors	6	–	1,379
Cash at bank and in hand		46,150	46,442
		--------	--------
		46,150	47,821

Creditors: amounts falling due within one year	7	4,469	3,888
		--------	--------
Net current assets		41,681	43,933
		--------	--------
Total assets less current liabilities		52,649	56,860
		--------	--------
Net assets		52,649	56,860
		--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	52,549	56,760
	--------	--------
Shareholders funds	52,649	56,860
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Dominant Motorsport Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 4 December 2025 , and are signed on behalf of the board by:

D R Lakeman-Pettit

Director

Company registration number: 04577649

Dominant Motorsport Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Potton House, Wyboston Lakes, Great North Road, Wyboston, Bedford, MK44 3BZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future such that these financial statements have been prepared on a going concern basis.

Taxation

The taxation expense represents the amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property	-	2% straight line
Plant and machinery	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Office equipment	-	15% reducing balance

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Office equipment	Total
	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	44,512	17,000	5,029	66,541
	--------	--------	-------	--------
Depreciation
At 1 April 2024	32,653	16,824	4,137	53,614
Charge for the year	1,780	44	135	1,959
	--------	--------	-------	--------
At 31 March 2025	34,433	16,868	4,272	55,573
	--------	--------	-------	--------
Carrying amount
At 31 March 2025	10,079	132	757	10,968
	--------	--------	-------	--------
At 31 March 2024	11,859	176	892	12,927
	--------	--------	-------	--------

6. Debtors

	2025	2024
	£	£
Other debtors	–	1,379
	----	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	4,469	3,888
	-------	-------

8. Directors' advances, credits and guarantees

	2025	2024
	£	£
Director A
Balance brought forward	733	11,424
Advances	557	993
Repayments	(1,550)	(11,684)
	-------	--------
Balance outstanding	( 260)	733
	-------	--------

Loans to the directors are unsecured and repayable on demand, interest at a rate of 2.25% is charged during periods when the loan account is overdrawn.