DAVE LOUGHNANE RACING LIMITED

Company Registration Number:
12463586 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

DAVE LOUGHNANE RACING LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

DAVE LOUGHNANE RACING LIMITED

Balance sheet

As at 31 March 2025


Notes
2025
2024


£
£
Fixed assets
Tangible assets: 3 100,819 95,930
Total fixed assets: 100,819 95,930
Current assets
Stocks: 221,602 129,000
Debtors: 4 191,286 245,217
Cash at bank and in hand: 16,930 39,103
Total current assets: 429,818 413,320
Creditors: amounts falling due within one year: 5 (463,690) (418,385)
Net current assets (liabilities): (33,872) (5,065)
Total assets less current liabilities: 66,947 90,865
Creditors: amounts falling due after more than one year: 6 (17,132) (24,251)
Total net assets (liabilities): 49,815 66,614
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 49,715 66,514
Shareholders funds: 49,815 66,614

The notes form part of these financial statements

DAVE LOUGHNANE RACING LIMITED

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 December 2025
and signed on behalf of the board by:

Name: Sarah Loughnane
Status: Director

The notes form part of these financial statements

DAVE LOUGHNANE RACING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

DAVE LOUGHNANE RACING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

2. Employees

2025 2024
Average number of employees during the period 10 10

DAVE LOUGHNANE RACING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible Assets

Total
Cost £
At 01 April 2024 203,463
Additions 38,497
At 31 March 2025 241,960
Depreciation
At 01 April 2024 107,533
Charge for year 33,608
At 31 March 2025 141,141
Net book value
At 31 March 2025 100,819
At 31 March 2024 95,930

DAVE LOUGHNANE RACING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Debtors

2025 2024
££
Debtors due after more than one year: 0 0

DAVE LOUGHNANE RACING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Creditors: amounts falling due within one year note

2025 2024 Creditors: amounts falling due within one year £ £ Trade creditors 125,334 122,909 Accruals and deferred income 1,745 2,315 Corporation Tax - - Social security and other taxes 56,147 86,076 Hire purchase 5,711 4,303 Directors loan accounts 271,106 202,334 Other creditors 3,647 448

DAVE LOUGHNANE RACING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Creditors: amounts falling due after more than one year note

2025 2024 Creditors: amounts falling due after more than one year £ £ Hire purchase 17,132 24,251