Motorsport World Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04347720

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		121,931		2,501

			121,931		2,501
CURRENT ASSETS
Stocks	6	25,600		21,300
Debtors	7	839,130		854,601
Cash at bank and in hand		79,857		43,543

		944,587		919,444
Creditors: Amounts Falling Due Within One Year	8	(453,173 )		(552,300 )

NET CURRENT ASSETS (LIABILITIES)			491,414		367,144

TOTAL ASSETS LESS CURRENT LIABILITIES			613,345		369,645

Creditors: Amounts Falling Due After More Than One Year	9		(609,858 )		(264,711 )

NET ASSETS			3,487		104,934

CAPITAL AND RESERVES
Called up share capital	11		150,000		150,000
Share premium account			50,000		50,000
Profit and Loss Account			(196,513 )		(95,066 )

SHAREHOLDERS' FUNDS			3,487		104,934

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Motorsport World Limited

Balance Sheet (continued)

As At 30 June 2025

For the year ending 30 June 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Kevin O'Malley

Director

9th June 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Motorsport World Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04347720 . The registered office is 23 Porters Wood, St Albans, Hertfordshire, AL3 6PQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	33% on cost
Plant & Machinery	50% on cost
Fixtures & Fittings	50% on cost

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 55 (2024: 52)

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Motorsport World Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 July 2024	976,000

As at 30 June 2025	976,000

Amortisation
As at 1 July 2024	976,000

As at 30 June 2025	976,000

Net Book Value
As at 30 June 2025	-

As at 1 July 2024	-

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 July 2024	174,600	500,316	3,534	678,450
Additions	-	152,058	91,800	243,858
Disposals	-	(21,750 )	-	(21,750 )

As at 30 June 2025	174,600	630,624	95,334	900,558

Depreciation
As at 1 July 2024	174,599	497,816	3,534	675,949
Provided during the period	-	78,529	45,899	124,428
Disposals	-	(21,750 )	-	(21,750 )

As at 30 June 2025	174,599	554,595	49,433	778,627

Net Book Value
As at 30 June 2025	1	76,029	45,901	121,931

As at 1 July 2024	1	2,500	-	2,501

6. Stocks

	2025	2024
	£	£
Stock	25,600	21,300

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Motorsport World Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	34,108
Other debtors	194,249	175,612

	194,249	209,720
Due after more than one year
Amounts owed by participating interests	644,881	644,881

	839,130	854,601

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	32,894	57,966
Trade creditors	51,324	40,436
Bank loans and overdrafts	10,649	58,480
Other creditors	269,033	335,946
Taxation and social security	89,273	59,472

	453,173	552,300

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	36,174	-
Bank loans	7,533	264,711
Other creditors	566,151	-

	609,858	264,711

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	32,894	57,966
Later than one year and not later than five years	36,174	-

	69,068	57,966

	69,068	57,966

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	150,000	150,000

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