Company Registration No. 12845319 (England and Wales)
Cymba Racing Ltd
Unaudited accounts
for the year ended 31 August 2025
Cymba Racing Ltd
Unaudited accounts
Contents
Cymba Racing Ltd
Company Information
for the year ended 31 August 2025
Company Number
12845319 (England and Wales)
Registered Office
33 Western Elms Avenue
Reading
Berkshire
RG30 2AL
ENGLAND
Cymba Racing Ltd
Statement of financial position
as at 31 August 2025
Tangible assets
19,353
12,653
Cash at bank and in hand
23,485
(52,445)
Creditors: amounts falling due within one year
(63,443)
(42,530)
Net current liabilities
(9,876)
(50,804)
Total assets less current liabilities
9,477
(38,151)
Creditors: amounts falling due after more than one year
(21,379)
(21,026)
Net liabilities
(11,902)
(59,177)
Called up share capital
1
1
Profit and loss account
(11,903)
(59,178)
Shareholders' funds
(11,902)
(59,177)
For the year ending 31 August 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 25 May 2026 and were signed on its behalf by
G G Kerr
Director
Company Registration No. 12845319
Cymba Racing Ltd
Notes to the Accounts
for the year ended 31 August 2025
Cymba Racing Ltd is a private company, limited by shares, registered in England and Wales, registration number 12845319. The registered office is 33 Western Elms Avenue, Reading, Berkshire, RG30 2AL, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
20% straight line
Motor vehicles
25% straight line
Computer equipment
33% straight line
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Cymba Racing Ltd
Notes to the Accounts
for the year ended 31 August 2025
Taxation for the period 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.
The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.
In assessing the appropriateness of the going concern basis, the director has considered the company’s current trading performance, cash flow position and the expected level of ongoing activity. Based on these factors, the director considers that the company will be able to meet its liabilities as they fall due in the normal course of business.
Accordingly, the director has adopted the going concern basis in preparing the financial statements.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2024
7,062
38,000
2,250
47,312
Additions
-
18,286
1,058
19,344
At 31 August 2025
7,062
56,286
3,308
66,656
At 1 September 2024
3,049
31,155
455
34,659
Charge for the year
1,040
10,502
1,102
12,644
At 31 August 2025
4,089
41,657
1,557
47,303
At 31 August 2025
2,973
14,629
1,751
19,353
At 31 August 2024
4,013
6,845
1,795
12,653
Amounts falling due within one year
Trade debtors
30,082
44,171
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
6,196
6,196
Trade creditors
16,211
7,659
Cymba Racing Ltd
Notes to the Accounts
for the year ended 31 August 2025
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).