Rallysport Development Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07732583 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

Rallysport Development Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Director:

Mr. K Theaker

Registered office:

Derwent Road

York Road Business Park

Malton

North Yorkshire

YO17 6YB

Registered number:

07732583 (England and Wales)

Accountants:

Ullyott Limited

6 George Street

Driffield

East Yorkshire

YO25 6RA

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

66,392

62,976

66,392

62,976

CURRENT ASSETS

Stocks

6

417,315

357,184

Debtors

7

45,019

41,746

462,334

398,930

CREDITORS

Amounts falling due within one year

8

259,514

226,937

NET CURRENT ASSETS

202,820

171,993

TOTAL ASSETS LESS CURRENT
LIABILITIES

269,212

234,969

CREDITORS

Amounts falling due after more than one
year

9

165,802

180,319

NET ASSETS

103,410

54,650

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

103,310

54,550

SHAREHOLDERS' FUNDS

103,410

54,650

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 June 2026 and were signed by:

Mr. K Theaker - Director

1.	STATUTORY INFORMATION

Rallysport Development 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.

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.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance and 10% on reducing balance

Office equipment

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

Workshop patterns

-

25% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

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

RESEARCH AND DEVELOPMENT

Expenditure on research and development is written off in the year in which it is incurred.

HIRE PURCHASE AND LEASING COMMITMENTS

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 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

10,644

AMORTISATION

At 1 October 2024

and 30 September 2025

10,644

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Office

property

machinery

equipment

£

COST

At 1 October 2024

3,544

120,425

4,642

Additions

-

Disposals

-

At 30 September 2025

3,544

120,425

4,642

DEPRECIATION

At 1 October 2024

3,141

72,296

3,716

Charge for year

101

5,805

308

Eliminated on disposal

-

At 30 September 2025

3,242

78,101

4,024

NET BOOK VALUE

At 30 September 2025

302

42,324

618

At 30 September 2024

403

48,129

926

Motor

Workshop

vehicles

patterns

Totals

£

COST

At 1 October 2024

7,000

112,133

247,744

Additions

11,500

3,550

15,050

Disposals

(7,000

)

-

(7,000

)

At 30 September 2025

11,500

115,683

255,794

DEPRECIATION

At 1 October 2024

6,741

98,874

184,768

Charge for year

1,023

4,203

11,440

Eliminated on disposal

(6,806

)

-

(6,806

)

At 30 September 2025

958

103,077

189,402

NET BOOK VALUE

At 30 September 2025

10,542

12,606

66,392

At 30 September 2024

259

13,259

62,976

6.

STOCKS

2025

2024

£

Work-in-progress

-

14,634

Finished goods

417,315

342,550

417,315

357,184

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

45,019

41,521

Prepayments and accrued income

-

225

45,019

41,746

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

5,018

6,976

Other loans

10,000

Hire purchase contracts

13,400

Trade creditors

181,211

164,790

Social security and other taxes

12,904

6,506

VAT

12,425

3,907

Other creditors

6,000

Directors' current accounts

16,132

9,431

Accruals and deferred income

2,424

5,927

259,514

226,937

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2025

2024

£

Other loans - 1-2 years

10,000

Other loans - 2-5 years

13,569

Hire purchase contracts

2,233

16,750

Other creditors

50,000

Directors' loan accounts

90,000

165,802

180,319

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100