Acorah Software Products - Accounts Production 19.2.450 false true true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 13767789 Mr P Barnard Mrs A Richardson-Barnard Mr R E Moesman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13767789 2024-12-31 13767789 2025-12-31 13767789 2025-01-01 2025-12-31 13767789 frs-core:CurrentFinancialInstruments 2025-12-31 13767789 frs-core:ShareCapital 2025-12-31 13767789 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 13767789 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 13767789 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 13767789 frs-bus:SmallEntities 2025-01-01 2025-12-31 13767789 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 13767789 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 13767789 frs-bus:Director1 2025-01-01 2025-12-31 13767789 frs-bus:Director2 2025-01-01 2025-12-31 13767789 frs-bus:Director3 2025-01-01 2025-12-31 13767789 frs-countries:EnglandWales 2025-01-01 2025-12-31 13767789 2023-12-31 13767789 2024-12-31 13767789 2024-01-01 2024-12-31 13767789 frs-core:CurrentFinancialInstruments 2024-12-31 13767789 frs-core:ShareCapital 2024-12-31 13767789 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 13767789
Gullwing Racing Support (UK) Ltd
Financial Statements
For The Year Ended 31 December 2025
TaxAssist Accountants (Loughborough) Ltd
FMAAT
95 Ashby Road
Loughborough
Leicestershire
LE11 3AB
Gullwing Racing Support (UK) Ltd
Contents
Contents

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

Page 1
Gullwing Racing Support (UK) Ltd
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 13767789

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
CURRENT ASSETS
Debtors | 4 | 252,520 |  | 59,839 |
Cash at bank and in hand |  | 1,822,565 |  | 986,855 |
|  | 2,075,085 |  | 1,046,694 |
Creditors: Amounts Falling Due Within One Year | 5 | (1,756,175 ) |  | (746,795 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 318,910 |  | 299,899
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 318,910 |  | 299,899
NET ASSETS |  |  | 318,910 |  | 299,899
CAPITAL AND RESERVES
Called up share capital | 6 |  | 2 |  | 2
Profit and Loss Account |  |  | 318,908 |  | 299,897
SHAREHOLDERS' FUNDS |  |  | 318,910 |  | 299,899

For the year ending 31 December 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 P Barnard Director | Mrs A Richardson-Barnard Director
30 June 2026

The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Gullwing Racing Support (UK) Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Gullwing Racing Support (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13767789 . The registered office is Richbarn House 3 Daisy Lane, Shepshed, Loughborough, Leicestershire, LE12 9FX.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from fees and commissions. Turnover is reduced for estimated rebates and other similar allowances.
2.4. Financial Instruments
Trade debtors
Trade debtors are amounts due from customers for insurance policies sold or services performed in the ordinary course of business.
Trade debtors are recognised initially measured at transaction price. At each reporting end, trade debtors are assessed for impairment. A provision for impairment of trade debtors is established when there is objective evidence that the company will not be able to collect the amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay premiums and insurance premium tax for policies sold and settle claims that have been acquired in the ordinary course of business from insurers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.7. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand, and call deposits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
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Page 3
Gullwing Racing Support (UK) Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
4. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 252,385 |  | 57,382
Other debtors | 135 |  | 2,457
| 252,520 |  | 59,839

5. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 1,380,473 |  | 633,081
Other creditors | 257,469 |  | 15,600
Taxation and social security | 118,233 |  | 98,114
| 1,756,175 |  | 746,795

6. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2 |  | 2

7. Dividends

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
On equity shares:
Interim dividend paid | 120,000 |  | 65,000
Final dividend paid | 200,000 |  | -
| 320,000 |  | 65,000

Dividends paid in the year
2RM Holding BV 2025: £90,000 (2024 : £48,750)
Flying Lap Holdings Ltd 2025: £30,000 (2024: £16,250)
Dividends proposed and paid after the year end
2RM Holding BV 2025: £150,000
Flying Lap Holdings Ltd 2025: £50,000
8. Post Balance Sheet Events
Subsequent to the balance sheet date, the directors have entered into negotiations regarding the potential sale of the business. At the date of approval of these financial statements, the sale has not been completed, and no binding agreement has been signed.
This represents a non-adjusting post balance sheet event. The outcome of the negotiations and any resulting transaction will be reflected in the financial statements of the subsequent period.
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