PROTRAIN RACING PRODUCTS LIMITED


Directors	CHAPMAN, Gary Martin
	CHAPMAN, Rita Beryl
	CHAPMAN, Shirley Ann
	CHAPMAN, Stephen Kenneth


Company Secretary	CHAPMAN, Rita Beryl


Registered Address	6 Hillcrest Way
	Buckingham Industrial Estate
	Buckingham
	MK18 1HJ


Registered Number	01752037 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		49,787		44,868
			49,787		44,868
Current assets
Stocks	4	8,742		5,000
Debtors		6,208		21,274
Cash at bank and on hand		14,453		7,435
		29,403		33,709
Creditors amounts falling due within one year	5	(27,630)		(31,381)
Net current assets (liabilities)			1,773		2,328
Total assets less current liabilities			51,560		47,196
Creditors amounts falling due after one year	6		(5,839)		(54)
Net assets			45,721		47,142
Capital and reserves
Called up share capital			20,000		20,000
Profit and loss account			25,721		27,142
Shareholders' funds			45,721		47,142

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 28 May 2026, and are signed on its behalf by:

CHAPMAN, Gary Martin
Director
Registered Company No. 01752037

PROTRAIN RACING PRODUCTS LIMITED

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Revenue from rendering of services
	Revenue 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over their useful economic lives.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	5		4

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 25	26,525	44,994	1,782	1,989	75,290
Additions	268	16,995	-	750	18,013
At 31 December 25	26,793	61,989	1,782	2,739	93,303
Depreciation and impairment
At 01 January 25	11,510	16,198	1,782	932	30,422
Charge for year	3,798	8,875	-	421	13,094
Other adjustments	1	-	-	(1)	-
At 31 December 25	15,309	25,073	1,782	1,352	43,516
Net book value
At 31 December 25	11,484	36,916	-	1,387	49,787
At 31 December 24	15,015	28,796	-	1,057	44,868

4.	Stocks

	2025	2024
	£	£
Raw materials and consumables	8,742	5,000
Total	8,742	5,000

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	13,146	9,015
Taxation and social security	6,461	14,575
Finance lease and HP contracts	5,478	5,000
Other creditors	-	451
Accrued liabilities and deferred income	2,545	2,340
Total	27,630	31,381


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	5,839	54
Total	5,839	54

7.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	11,312		5,000