Registration number: 14026869

One Day Motorsport Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

One Day Motorsport Ltd

Company Information

Director

J Kembrey

Registered office

Unit 10 West Hay Farm Wolvershill Banwell BS29 6LE

Accountants

Burton Sweet Limited Spencer House Aisecome Way Morston Court Weston-super-Mare Somerset BS22 8NG

One Day Motorsport Ltd

(Registration number: 14026869)
Balance Sheet
31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,890	3,778
Current assets
Stocks	5	6,500	9,200
Debtors	6	309	4,059
Cash at bank and in hand		736	8,679
		7,545	21,938
Creditors: Amounts falling due within one year	7	(53,534)	(42,434)
Net current liabilities		(45,989)	(20,496)
Net liabilities		(43,099)	(16,718)
Capital and reserves
Called up share capital		10	10
Retained earnings		(43,109)	(16,728)
Shareholders' deficit		(43,099)	(16,718)

One Day Motorsport Ltd

(Registration number: 14026869)
Balance Sheet
31 March 2025

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 December 2025
 

......................................... J Kembrey Director

One Day Motorsport Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 10 West Hay Farm
Wolvershill
Banwell
BS29 6LE

These financial statements were authorised for issue by the director on 8 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis due to the ongoing support of the directors.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

One Day Motorsport Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor Vehicles	25% Reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

One Day Motorsport Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

4	Tangible assets

	Plant and machinery £	Motor vehicles  £
Cost or valuation
At 1 April 2024	1,417	4,700
At 31 March 2025	1,417	4,700
Depreciation
At 1 April 2024	283	2,056
Charge for the year	227	661
At 31 March 2025	510	2,717
Carrying amount
At 31 March 2025	907	1,983
At 31 March 2024	1,134	2,644

5

Stocks

	2025 £	2024 £
Other inventories	6,500	9,200

6

Debtors

	2025 £	2024 £
Trade debtors	-	360
Other debtors	309	3,699
	309	4,059

One Day Motorsport Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	7,400	17,480
Taxation and social security		-	3,793
Accruals and deferred income		1,655	1,695
Other creditors		44,479	19,466
		53,534	42,434

8	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	7,400	17,480