REGISTERED NUMBER: 09483847 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Mass Racing Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

S R Delf

P J Darlow

REGISTERED OFFICE:

Unit 8 Sand Road Industrial estate

Great Gransden

Sandy

Bedfordshire

SG19 3AH

REGISTERED NUMBER:

09483847 (England and Wales)

ACCOUNTANTS:

GREGORY WILDMAN

The Granary

Crowhill Farm

Ravensden Road

Wilden

Bedfordshire

MK44 2QS

FIXED ASSETS

Tangible assets

4

37,572

44,790

CURRENT ASSETS

Debtors

5

113,933

95,590

Cash at bank and in hand

3,488

24,886

117,421

120,476

CREDITORS

Amounts falling due within one year

6

144,774

132,430

NET CURRENT LIABILITIES

(27,353

)

(11,954

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,219

32,836

CREDITORS

Amounts falling due after more than one year

7

(2,500

)

(21,862

)

PROVISIONS FOR LIABILITIES

(6,980

)

(9,509

)

NET ASSETS

739

1,465

CAPITAL AND RESERVES

Called up share capital

9

3

3

Retained earnings

736

1,462

SHAREHOLDERS' FUNDS

739

1,465

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

P J Darlow - Director

1.	STATUTORY INFORMATION

Mass Racing Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Plant and machinery - 25% reducing balance

Computer equipment - 25% reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to profit and loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2024

93,367

5,667

99,034

Additions

4,329

483

4,812

At 31 March 2025

97,696

6,150

103,846

DEPRECIATION

At 1 April 2024

50,331

3,913

54,244

Charge for year

11,501

529

12,030

At 31 March 2025

61,832

4,442

66,274

NET BOOK VALUE

At 31 March 2025

35,864

1,708

37,572

At 31 March 2024

43,036

1,754

44,790

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

8,852

32,874

Directors' current accounts

90,407

47,500

Prepayments

14,674

15,216

113,933

95,590

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

19,362

19,295

Trade creditors

62,719

65,362

Tax

17,414

24,580

Social security and other taxes

7,010

4,816

VAT

34,155

10,337

Other creditors

980

1,040

Accrued expenses

3,134

7,000

144,774

132,430

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-5 years

2,500

21,862

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

32,436

32,436

Between one and five years

20,553

52,989

52,989

85,425

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal Value:

31.3.20

31.3.19

6

Ordinary

£0.50

3

3

10.	RELATED PARTY DISCLOSURES

The amount outstanding at the year end due from Mr S Delf was £43,836 (2024 - £22,852).

The amount outstanding at the year end from Mr P Darlow was £46,571 (2024 - £24,648).

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mass Racing Ltd for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Mass Racing Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mass Racing Ltd and state those matters that we have agreed to state to the Board of Directors of Mass Racing Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mass Racing Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mass Racing Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mass Racing Ltd. You consider that Mass Racing Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mass Racing Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

GREGORY WILDMAN

The Granary

Crowhill Farm

Ravensden Road

Wilden

Bedfordshire

MK44 2QS

15 December 2025