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REGISTERED NUMBER: 04422490 (England and Wales)

Unaudited Financial Statements for the Year Ended 29 June 2025

for

G.Y.G. Karting Limited

G.Y.G. Karting Limited (Registered number: 04422490)

Contents of the Financial Statements

for the Year Ended 29 June 2025

Page |

Company Information | 1 |

Abridged Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

G.Y.G. Karting Limited

Company Information

for the Year Ended 29 June 2025

| DIRECTORS: | Mr E G Davies

| Mrs T K Davies

| A D Davies

| M L Davies

| SECRETARY: | Mrs T K Davies

| REGISTERED OFFICE: | Glan Y Gors Park

| Cerrigydrudion

| CORWEN

| Denbighshire

| LL21 0RU

| REGISTERED NUMBER: | 04422490 (England and Wales)

| ACCOUNTANTS: | Cyfrifwyr Hill & Roberts

| 8a Chester Street

| Mold

| Flintshire

| CH7 1EG

G.Y.G. Karting Limited (Registered number: 04422490)

Abridged Statement of Financial Position

29 June 2025

| 29.6.25 | 29.6.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 713,820 |  | 733,610 |  |

713,820 |  | 733,610 |  |

CURRENT ASSETS

Stocks | 19,890 |  | 19,840 |  |

Debtors | 3,821 |  | 8,156 |  |

Cash at bank and in hand | 152,479 |  | 50,566 |  |

176,190 |  | 78,562 |  |

CREDITORS

Amounts falling due within one year | 207,141 |  | 199,196 |  |

NET CURRENT LIABILITIES | (30,951 | ) | (120,634 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 682,869 |  | 612,976 |  |

CREDITORS

Amounts falling due after more than one year | 6 | (345,036 | ) | (303,738 | ) |

PROVISIONS FOR LIABILITIES | (40,095 | ) | (41,176 | ) |

NET ASSETS | 297,738 |  | 268,062 |  |

G.Y.G. Karting Limited (Registered number: 04422490)

Abridged Statement of Financial Position - continued

29 June 2025

| 29.6.25 | 29.6.24 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 297,736 |  | 268,060 |  |

SHAREHOLDERS' FUNDS | 297,738 |  | 268,062 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the year ended 29 June 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2025 and were signed on its behalf by:

Mr E G Davies - Director

G.Y.G. Karting Limited (Registered number: 04422490)

Notes to the Financial Statements

for the Year Ended 29 June 2025

1. | STATUTORY INFORMATION

| G.Y.G. Karting Limited 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.

| Turnover

| Turnover is recognised when and to the extent that the company obtains the right to consideration, which is either the date the company raises an invoice or when a self billing invoice is received.Turnover excludes the effects of value added tax.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Freehold property | - | 2% on cost

| Plant and machinery | - | 15% on cost and 12.5% on cost

| Fixtures and fittings | - | 10% on cost

| Motor vehicles | - | 20% on cost

| Computer equipment | - | 25% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

G.Y.G. Karting Limited (Registered number: 04422490)

Notes to the Financial Statements - continued

for the Year Ended 29 June 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Going concern

| The directors are satisfied that they can continue to meet the day to day funding requirements of the company with the continuing support of the company bankers. The directors consider that it is appropriate to prepare the financial statements on a going concern basis and so the financial statements do not include any adjustments that would result if the financial support were withdrawn.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 17 (2024 - 23 ) .

G.Y.G. Karting Limited (Registered number: 04422490)

Notes to the Financial Statements - continued

for the Year Ended 29 June 2025

4. | INTANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 30 June 2024

| and 29 June 2025 | 20,250 |  |

| AMORTISATION

| At 30 June 2024

| and 29 June 2025 | 20,250 |  |

| NET BOOK VALUE

| At 29 June 2025 | - |  |

| At 29 June 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 30 June 2024 | 1,472,738 |  |

| Additions | 34,946 |  |

| At 29 June 2025 | 1,507,684 |  |

| DEPRECIATION

| At 30 June 2024 | 739,128 |  |

| Charge for year | 54,736 |  |

| At 29 June 2025 | 793,864 |  |

| NET BOOK VALUE

| At 29 June 2025 | 713,820 |  |

| At 29 June 2024 | 733,610 |  |

G.Y.G. Karting Limited (Registered number: 04422490)

Notes to the Financial Statements - continued

for the Year Ended 29 June 2025

5. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Totals

£ |

| COST

| At 30 June 2024

| and 29 June 2025 | 164,250 |  |

| DEPRECIATION

| At 30 June 2024 | 47,813 |  |

| Charge for year | 12,612 |  |

| At 29 June 2025 | 60,425 |  |

| NET BOOK VALUE

| At 29 June 2025 | 103,825 |  |

| At 29 June 2024 | 116,437 |  |

6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |

| 29.6.25 |  | 29.6.24

£ | £ |

| Repayable by instalments

| Bank loans more 5 yr by instal | 148,189 |  | 163,345 |  |

| Other loans more 5yrs instal | 10,807 |  | - |  |

158,996 |  | 163,345 |  |

7. | SECURED DEBTS

| The following secured debts are included within creditors:

| 29.6.25 |  | 29.6.24

£ | £ |

| Bank loans | 245,695 |  | 271,097 |  |

| £235,189 of the Loans outstanding (2024 - £250,345) are secured by a fixed and floating charge over the company and its property including goodwill, book debts, uncalled capital, buildings, fixtures and fixed plant & machinery.

G.Y.G. Karting Limited (Registered number: 04422490)

Notes to the Financial Statements - continued

for the Year Ended 29 June 2025

8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 29 June 2025 and 29 June 2024:

| 29.6.25 |  | 29.6.24

£ | £ |

| Mr E G Davies

| Balance outstanding at start of year | (8,568 | ) | (1,129 | ) |

| Amounts advanced | 5,909 |  | 9,714 |  |

| Amounts repaid | (3,242 | ) | (17,153 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (5,901 | ) | (8,568 | ) |

9. | RELATED PARTY DISCLOSURES

| During the year ended 29 June 2025 circuit hire to the value of £156,500 (£136,500 - 2024) was invoiced to Dragon Kart Club Ltd, a company which is under common control, and which was paid in the year.

| In the year ended 29 June 2021, Dragon Kart Club Limited extended a short term interest free loan of £40,876 the balance at 29 June 2025 was £501.