Acorah Software Products - Accounts Production 16.8.310 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 12914306 Mr Richard Cook Mr Oliver Cable Mr David Cuff Mr Harvey Stanley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12914306 2024-12-31 12914306 2025-12-31 12914306 2025-01-01 2025-12-31 12914306 frs-core:CurrentFinancialInstruments 2025-12-31 12914306 frs-core:PlantMachinery 2025-12-31 12914306 frs-core:PlantMachinery 2025-01-01 2025-12-31 12914306 frs-core:PlantMachinery 2024-12-31 12914306 frs-core:WithinOneYear 2025-12-31 12914306 frs-core:ShareCapital 2025-12-31 12914306 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 12914306 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 12914306 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 12914306 frs-bus:SmallEntities 2025-01-01 2025-12-31 12914306 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 12914306 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 12914306 frs-bus:Director1 2025-01-01 2025-12-31 12914306 frs-bus:Director2 2025-01-01 2025-12-31 12914306 frs-bus:Director3 2025-01-01 2025-12-31 12914306 frs-bus:Director4 2025-01-01 2025-12-31 12914306 frs-countries:EnglandWales 2025-01-01 2025-12-31 12914306 2023-12-31 12914306 2024-12-31 12914306 2024-01-01 2024-12-31 12914306 frs-core:CurrentFinancialInstruments 2024-12-31 12914306 frs-core:WithinOneYear 2024-12-31 12914306 frs-core:ShareCapital 2024-12-31 12914306 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 12914306
Pursuit Racing Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Stack & Jones Limited
Pursuit Racing Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Pursuit Racing Limited
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 12914306

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 139,794 |  | 139,848
|  |  | 139,794 |  | 139,848
CURRENT ASSETS
Stocks | 5 | 52,091 |  | 50,865 |
Debtors | 6 | 215,901 |  | 213,326 |
Cash at bank and in hand |  | 318,312 |  | 135,336 |
|  | 586,304 |  | 399,527 |
Creditors: Amounts Falling Due Within One Year | 7 | (260,453 ) |  | (178,660 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 325,851 |  | 220,867
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 465,645 |  | 360,715
NET ASSETS |  |  | 465,645 |  | 360,715
CAPITAL AND RESERVES
Called up share capital | 8 |  | 194,119 |  | 314,800
Profit and Loss Account |  |  | 271,526 |  | 45,915
SHAREHOLDERS' FUNDS |  |  | 465,645 |  | 360,715

Page 1
Page 2
Pursuit Racing Limited
Balance Sheet (continued)
As At 31 December 2025
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Oliver Cable Director
03/02/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Pursuit Racing Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Pursuit Racing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12914306 . The registered office is Unit 9 Empire Road, Bicester, OX26 2FL.
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. 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 | 25% Reducing balance

2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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.
2.6. Financial Instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to
the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the company after deducting all of its liabilities.
...CONTINUED
Page 3
Page 4
Pursuit Racing Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.6. Financial Instruments - continued
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference
shares that are classified as debt, are initially recognised at transaction price unless the arrangement
constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Equity Instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.
Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion
of the company.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2024: 12)
11 12
Page 4
Page 5
Pursuit Racing Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
4. Tangible Assets

| Plant & Machinery
--- | ---
| £
Cost
As at 1 January 2025 | 340,729
Additions | 41,172
As at 31 December 2025 | 381,901
Depreciation
As at 1 January 2025 | 200,881
Provided during the period | 41,226
As at 31 December 2025 | 242,107
Net Book Value
As at 31 December 2025 | 139,794
As at 1 January 2025 | 139,848

5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Finished goods | 52,091 |  | 50,865

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 42,896 |  | 79,718
Prepayments and accrued income | 129,002 |  | 96,608
Other debtors | 11,687 |  | -
Deferred tax current asset | 32,150 |  | 37,000
VAT | 166 |  | -
| 215,901 |  | 213,326

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 51,834 |  | 21,793
Other taxes and social security | 77,671 |  | 55,562
Other creditors | 13,842 |  | 1,002
Accruals and deferred income | 42,106 |  | 100,303
Directors' loan accounts | 75,000 |  | -
| 260,453 |  | 178,660

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 194,119 |  | 314,800

Page 5
Page 6
Pursuit Racing Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 93,114 |  | 90,180
| 93,114 |  | 90,180

Page 6