1 June 2025 false No description of principal activity Taxfiler 2024.6 10798298 business:PrivateLimitedCompanyLtd 2025-06-01 2026-05-31 10798298 2025-05-31 10798298 2025-06-01 2026-05-31 10798298 business:AuditExempt-NoAccountantsReport 2025-06-01 2026-05-31 10798298 business:FilletedAccounts 2025-06-01 2026-05-31 10798298 2026-05-31 10798298 business:Director1 2025-06-01 2026-05-31 10798298 business:RegisteredOffice 2025-06-01 2026-05-31 10798298 2025-05-31 10798298 core:WithinOneYear 2026-05-31 10798298 core:WithinOneYear 2025-05-31 10798298 core:AfterOneYear 2026-05-31 10798298 core:AfterOneYear 2025-05-31 10798298 core:ShareCapital core:PreviouslyStatedAmount 2026-05-31 10798298 core:ShareCapital core:PreviouslyStatedAmount 2025-05-31 10798298 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2026-05-31 10798298 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-05-31 10798298 core:PreviouslyStatedAmount 2026-05-31 10798298 core:PreviouslyStatedAmount 2025-05-31 10798298 business:SmallEntities 2025-06-01 2026-05-31 10798298 countries:EnglandWales 2025-06-01 2026-05-31 10798298 core:MotorVehicles 2025-05-31 10798298 core:MotorVehicles 2025-06-01 2026-05-31 10798298 core:MotorVehicles 2026-05-31 10798298 2024-06-01 2025-05-31 iso4217:GBP xbrli:pure
Company Registration No. 10798298 (England and Wales)
IM RACING LTD Filleted accounts for the year ended 31 May 2026
IM RACING LTD Filleted accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
IM RACING LTD Company Information for the year ended 31 May 2026
Director
Ignas Misevicius
Company Number
10798298 (England and Wales)
Registered Office
Flat 9, Hayworth House Todd Close Borehamwood Hertfordshire WD6 1AB United Kingdom
- 3 -
IM RACING LTD Statement of financial position as at 31 May 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
4,800
-
Current assets
Debtors
5
482
1,832
Cash at bank and in hand
917
4,308
1,399
6,140
Creditors: amounts falling due within one year
6
(6,022)
(5,248)
Net current (liabilities)/assets
(4,623)
892
Total assets less current liabilities
177
892
Creditors: amounts falling due after more than one year
7
(269)
(1,297)
Net liabilities
(92)
(405)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(192)
(505)
Shareholders' funds
(92)
(405)
For the year ending 31 May 2026 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 10 June 2026 and were signed on its behalf by
Ignas Misevicius Director Company Registration No. 10798298
- 4 -
IM RACING LTD Notes to the Accounts for the year ended 31 May 2026
1
Statutory information
IM RACING LTD is a private company, limited by shares, registered in England and Wales, registration number 10798298. The registered office is Flat 9, Hayworth House, Todd Close, Borehamwood, Hertfordshire, WD6 1AB, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 June 2025
-
Additions
4,800
At 31 May 2026
4,800
Depreciation
At 31 May 2026
-
Net book value
At 31 May 2026
4,800
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Other debtors
482
1,832
6
Creditors: amounts falling due within one year
2026
2025
£
£
Other creditors
6,022
-
Loans from directors
-
5,248
6,022
5,248
- 5 -
IM RACING LTD Notes to the Accounts for the year ended 31 May 2026
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
269
1,297
8
Average number of employees
During the year the average number of employees was 4 (2025: 4).
- 6 -