REGISTERED NUMBER: 15082144 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Driven Ohm Racing Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs P Franks

Mr G B Franks

REGISTERED OFFICE:

5 Barcote Cottages

Buckland

Faringdon

Oxfordshire

SN7 8PP

REGISTERED NUMBER:

15082144 (England and Wales)

ACCOUNTANTS:

Westell Accountants

3 Bradfield Court

Drayton Mill, Milton Road

Drayton

Abingdon

Oxfordshire

OX14 4EF

FIXED ASSETS

Tangible assets

4

2,979

4,965

CURRENT ASSETS

Debtors

5

350

-

Cash at bank

1,660

4,228

2,010

4,228

CREDITORS

Amounts falling due within one year

6

11,213

9,023

NET CURRENT LIABILITIES

(9,203

)

(4,795

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,224

)

170

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(6,234

)

160

SHAREHOLDERS' FUNDS

(6,224

)

170

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:

Mr G B Franks - Director

Mrs P Franks - Director

1.	STATUTORY INFORMATION

Driven Ohm 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 (£).

The comparative figures presented relate to a prior period that covers a different reporting duration from the current period. As a result, the amounts shown for that period are not directly comparable with those of the current year.

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.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and equipment

-

20% on reducing balance

Motor vehicles

-

25% on 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1 April 2024

1,000

4,000

5,000

Disposals

(1,000

)

-

(1,000

)

At 31 March 2025

-

4,000

4,000

DEPRECIATION

At 1 April 2024

6

29

35

Charge for year

-

992

992

Eliminated on disposal

(6

)

-

(6

)

At 31 March 2025

-

1,021

1,021

NET BOOK VALUE

At 31 March 2025

-

2,979

2,979

At 31 March 2024

994

3,971

4,965

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

350

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

5,000

5,000

Other creditors

6,213

4,023

11,213

9,023