Company registration number: 14048539
Unaudited financial statements
for the year ended 30 April 2025
for
Motorsport Direct Ltd
Pages for filing with the Registrar
Motorsport Direct Ltd
Accountants' Report to the Director for the preparation of the unaudited financial
statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Motorsport Direct Ltd for the year ended 30 April 2025 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Director of Motorsport Direct Ltd, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Motorsport Direct Ltd and state those matters that we have agreed to state to them in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Motorsport Direct Ltd and its Director for our work, or for this report.
It is your duty to ensure that Motorsport Direct Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Motorsport Direct Ltd. You consider that Motorsport Direct 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 accounts of Motorsport Direct 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.
Lyons Watson Accountants
Business Central
2 Union Square
Darlington
DL1 1GL
United Kingdom
Date: 16 January 2026
1
Company registration number: 14048539
Motorsport Direct Ltd
Balance sheet
as at 30 April 2025
2025 2024
Note £ £ £ £
Fixed assets
Intangible assets 4 1,745 4,715
Tangible assets 5 536 842
2,281 5,557
Current assets
Stocks 59,575 42,897
Debtors 299 570
Cash at bank and in hand 9,553 9,883
69,427 53,350
Creditors: amounts falling due within one
year 		(95,565) (83,743)
Net current liabilities (26,138) (30,393)
Total assets less current liabilities (23,857) (24,836)
NET LIABILITIES (23,857) (24,836)
Capital and reserves
Called up share capital 100 100
Profit and loss account (23,957) (24,936)
TOTAL EQUITY (23,857) (24,836)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 April 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
2
Company registration number: 14048539
Motorsport Direct Ltd
Balance sheet - continued
as at 30 April 2025
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr J Constantine, Director
16 January 2026
3
Motorsport Direct Ltd
Notes to the financial statements
for the year ended 30 April 2025
1 Company information
Motorsport Direct Ltd is a private company registered in England and Wales. Its registered number is 14048539. The company is limited by shares. Its registered office is Business Central, 2 Union Square, Darlington, Co. Durham, DL1 1GL.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Trademarks - are being amortised evenly over their estimated useful
life of Nil years.
Website Design - is being amortised evenly over its estimated useful life
of three 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.
Plant and machinery etc.:
Computer equipment - 33% straight line
4
Motorsport Direct Ltd
Notes to the financial statements - continued
for the year ended 30 April 2025
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
3 Average number of employees
During the year the average number of employees was 1 (2024 - 1).
4 Intangible assets
Other
intangible
assets
£
Cost
At 1 May 2024 9,170
At 30 April 2025 9,170
Amortisation
At 1 May 2024 4,455
Charge for year 2,970
At 30 April 2025 7,425
Net book value
At 30 April 2025 1,745
At 30 April 2024 4,715
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 May 2024 1,295
Additions 137
At 30 April 2025 1,432
5
Motorsport Direct Ltd
Notes to the financial statements - continued
for the year ended 30 April 2025
5 Tangible fixed assets - continued
Depreciation
At 1 May 2024 453
Charge for year 443
At 30 April 2025 896
Net book value
At 30 April 2025 536
At 30 April 2024 842
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