REGISTERED NUMBER: 02730013 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

MARDI GRAS MOTORSPORT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Jackson

D A Turner

SECRETARY:

A J Jackson

REGISTERED OFFICE:

2a Brunel Close

Drayton Fields Industrial Estate

Daventry

Northamptonshire

NN11 8RB

REGISTERED NUMBER:

02730013 (England and Wales)

ACCOUNTANTS:

Neuhoff & Co

Chartered Accountants

Claydons Barns

11 Towcester Road

Whittlebury

Northamptonshire

NN12 8XU

BANKERS:

Barclays Bank Plc

102 Watling Street

Towcester

Northamptonshire

NN12 7BZ

FIXED ASSETS

Tangible assets

4

12

13

CURRENT ASSETS

Stocks

98,996

85,542

Debtors

5

25,049

34,397

Cash at bank and in hand

46,003

48,014

170,048

167,953

CREDITORS

Amounts falling due within one year

6

(135,923

)

(98,961

)

NET CURRENT ASSETS

34,125

68,992

TOTAL ASSETS LESS CURRENT LIABILITIES

34,137

69,005

CREDITORS

Amounts falling due after more than one year

7

(29,243

)

(55,318

)

NET ASSETS

4,894

13,687

CAPITAL AND RESERVES

Called up share capital

30

30

Retained earnings

4,864

13,657

SHAREHOLDERS' FUNDS

4,894

13,687

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 28 January 2026 and were signed on its behalf by:

A J Jackson - Director

1.	STATUTORY INFORMATION

Mardi Gras Motorsport 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and 15% 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.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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 balance sheet date.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2024

and 30 November 2025

66,498

DEPRECIATION

At 1 December 2024

66,485

Charge for year

1

At 30 November 2025

66,486

NET BOOK VALUE

At 30 November 2025

12

At 30 November 2024

13

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

11,485

15,732

Other debtors

13,564

18,665

25,049

34,397

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

2,625

2,625

Trade creditors

36,460

31,556

Taxation and social security

2,885

2,962

Other creditors

93,953

61,818

135,923

98,961

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

9,213

11,813

Other creditors

20,030

43,505

29,243

55,318

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

14,500

14,500

Between one and five years

8,458

22,958

22,958

37,458