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Company Registration No. 11005479 (England and Wales)
LECH RACING LIMITED Unaudited accounts for the year ended 31 March 2025
LECH RACING LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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LECH RACING LIMITED Company Information for the year ended 31 March 2025
Director
Lawrence Eke
Company Number
11005479 (England and Wales)
Registered Office
Lech Racing Limited 34 Duke Street Dukes Passage Brighton East Sussex BN1 1AG England
Accountants
Secandi Associates Ltd 34 Duke Street Brighton BN1 1 AG
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LECH RACING LIMITED Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
29,004
36,789
Current assets
Debtors
5
23,646
10,215
Cash at bank and in hand
11,257
11,293
34,903
21,508
Creditors: amounts falling due within one year
6
(622,910)
(638,795)
Net current liabilities
(588,007)
(617,287)
Net liabilities
(559,003)
(580,498)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(559,103)
(580,598)
Shareholders' funds
(559,003)
(580,498)
For the year ending 31 March 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 March 2026 and were signed on its behalf by
Lawrence Eke Director Company Registration No. 11005479
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LECH RACING LIMITED Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
LECH RACING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11005479. The registered office is Lech Racing Limited, 34 Duke Street, Dukes Passage, Brighton, East Sussex, BN1 1AG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 April 2024
63,440
At 31 March 2025
63,440
Depreciation
At 1 April 2024
26,651
Charge for the year
7,785
At 31 March 2025
34,436
Net book value
At 31 March 2025
29,004
At 31 March 2024
36,789
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
10,107
10,215
Trade debtors
3,102
-
Other debtors
10,437
-
23,646
10,215
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LECH RACING LIMITED Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
198
22,157
Other creditors
(32)
26,362
Loans from directors
622,744
590,276
622,910
638,795
7
Loans to directors
8
Average number of employees
During the year the average number of employees was 2 (2024: 3).
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