REGISTERED NUMBER: 07571936 (England and Wales)

Abridged Financial Statements for the Year Ended 31 March 2026

for

Hi-Tech Motorsport Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M Griffiths

REGISTERED OFFICE:

The Old Doctors House

74 Grange Road

Dudley

West Midlands

DY1 2AW

REGISTERED NUMBER:

07571936 (England and Wales)

FIXED ASSETS

Tangible assets

4

94,552

83,572

CURRENT ASSETS

Stocks

58,224

53,279

Debtors

21,840

60,845

Cash at bank

68,989

25,969

149,053

140,093

CREDITORS

Amounts falling due within one year

90,662

128,404

NET CURRENT ASSETS

58,391

11,689

TOTAL ASSETS LESS CURRENT LIABILITIES

152,943

95,261

CREDITORS

Amounts falling due after more than one year

(48,834

)

(43,329

)

PROVISIONS FOR LIABILITIES

(2,104

)

-

NET ASSETS

102,005

51,932

CAPITAL AND RESERVES

Called up share capital

6

20

20

Capital redemption reserve

80

80

Retained earnings

101,905

51,832

SHAREHOLDERS' FUNDS

102,005

51,932

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Balance Sheet for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 20 May 2026 and were signed by:

Mr M Griffiths - Director

1.	STATUTORY INFORMATION

Hi-Tech 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on reducing balance

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

198,511

Additions

26,126

At 31 March 2026

224,637

DEPRECIATION

At 1 April 2025

114,939

Charge for year

15,146

At 31 March 2026

130,085

NET BOOK VALUE

At 31 March 2026

94,552

At 31 March 2025

83,572

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

Totals

£

COST

At 1 April 2025

52,169

Additions

23,750

At 31 March 2026

75,919

DEPRECIATION

At 1 April 2025

1,304

Charge for year

5,712

At 31 March 2026

7,016

NET BOOK VALUE

At 31 March 2026

68,903

At 31 March 2025

50,865

5.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.26

31.3.25

£

£

Gross obligations repayable:

Within one year

25,391

14,397

Between one and five years

66,326

55,188

91,717

69,585

Finance charges repayable:

Within one year

5,529

3,963

Between one and five years

17,492

15,192

23,021

19,155

Net obligations repayable:

Within one year

19,862

10,434

Between one and five years

48,834

39,996

68,696

50,430

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

100

Ordinary

£1

20

20