Acorah Software Products - Accounts Production 16.8.200 false true 30 June 2024 1 July 2023 false 1 July 2024 30 June 2025 30 June 2025 07687631 Mr Ronald Breeze iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07687631 2024-06-30 07687631 2025-06-30 07687631 2024-07-01 2025-06-30 07687631 frs-core:CurrentFinancialInstruments 2025-06-30 07687631 frs-core:Non-currentFinancialInstruments 2025-06-30 07687631 frs-core:NetGoodwill 2025-06-30 07687631 frs-core:NetGoodwill 2024-07-01 2025-06-30 07687631 frs-core:NetGoodwill 2024-06-30 07687631 frs-core:MotorVehicles 2025-06-30 07687631 frs-core:MotorVehicles 2024-07-01 2025-06-30 07687631 frs-core:MotorVehicles 2024-06-30 07687631 frs-core:PlantMachinery 2025-06-30 07687631 frs-core:PlantMachinery 2024-07-01 2025-06-30 07687631 frs-core:PlantMachinery 2024-06-30 07687631 frs-core:ShareCapital 2025-06-30 07687631 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 07687631 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 07687631 frs-bus:FilletedAccounts 2024-07-01 2025-06-30 07687631 frs-bus:SmallEntities 2024-07-01 2025-06-30 07687631 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 07687631 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 07687631 frs-bus:Director1 2024-07-01 2025-06-30 07687631 frs-countries:EnglandWales 2024-07-01 2025-06-30 07687631 2023-06-30 07687631 2024-06-30 07687631 2023-07-01 2024-06-30 07687631 frs-core:CurrentFinancialInstruments 2024-06-30 07687631 frs-core:Non-currentFinancialInstruments 2024-06-30 07687631 frs-core:ShareCapital 2024-06-30 07687631 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30
Registered number: 07687631
Select Euro Track Days Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
Accountancy Solutions (Northern) Ltd
Select Euro Track Days Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Select Euro Track Days Limited
Balance Sheet
As At 30 June 2025
Balance Sheet
Registered number: 07687631

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 2,330 |  | 1,806
|  |  | 2,330 |  | 1,806
CURRENT ASSETS
Stocks | 6 | 7,990 |  | 8,370 |
Debtors | 7 | 9,572 |  | 8,656 |
Cash at bank and in hand |  | 1,254 |  | 5,994 |
|  | 18,816 |  | 23,020 |
Creditors: Amounts Falling Due Within One Year | 8 | (21,141 ) |  | (21,498 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (2,325 ) |  | 1,522
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 5 |  | 3,328
Creditors: Amounts Falling Due After More Than One Year | 9 |  | - |  | (3,000 )
NET ASSETS |  |  | 5 |  | 328
CAPITAL AND RESERVES
Called up share capital | 10 |  | 1 |  | 1
Profit and Loss Account |  |  | 4 |  | 327
SHAREHOLDERS' FUNDS |  |  | 5 |  | 328

Page 1
Page 2
Select Euro Track Days Limited
Balance Sheet (continued)
As At 30 June 2025
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Ronald Breeze Director
05/11/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Select Euro Track Days Limited
Notes to the Financial Statements
For The Year Ended 30 June 2025
Notes to the Financial Statements
1. General Information
Select Euro Track Days Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07687631 . The registered office is 23 Waterside Park, Hebburn, Tyne & Wear, NE31 1RS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 20% Straight Line
Motor Vehicles | 25% Reducing Balance

2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 July 2024 | 12,000
As at 30 June 2025 | 12,000
Amortisation
As at 1 July 2024 | 12,000
As at 30 June 2025 | 12,000

...CONTINUED
Page 3
Page 4
Select Euro Track Days Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025

Net Book Value
As at 30 June 2025 | -
As at 1 July 2024 | -

5. Tangible Assets

| Plant & Machinery | Motor Vehicles | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 July 2024 | 3,434 | 10,417 | 13,851
Additions | 1,300 | - | 1,300
As at 30 June 2025 | 4,734 | 10,417 | 15,151
Depreciation
As at 1 July 2024 | 2,670 | 9,375 | 12,045
Provided during the period | 515 | 261 | 776
As at 30 June 2025 | 3,185 | 9,636 | 12,821
Net Book Value
As at 30 June 2025 | 1,549 | 781 | 2,330
As at 1 July 2024 | 764 | 1,042 | 1,806

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 7,990 |  | 8,370

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 9,456 |  | 8,268
Prepayments and accrued income | 116 |  | 388
| 9,572 |  | 8,656

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 1,389 |  | 1,390
Bank loans and overdrafts | 3,000 |  | 3,000
Corporation tax | 6,123 |  | 8,229
VAT | 2,093 |  | 3,144
Accruals and deferred income | 1,620 |  | 1,520
Director's loan account | 6,916 |  | 4,215
| 21,141 |  | 21,498

Page 4
Page 5
Select Euro Track Days Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | - |  | 3,000

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

Page 5