Thunder Road Speedshop Limited 31/03/2026 iXBRL

Company registration number: 07178788

Thunder Road Speedshop Limited

Unaudited filleted abridged financial statements

31 March 2026

Thunder Road Speedshop Limited

Contents

Directors and other information

Abridged statement of financial position

Statement of changes in equity

Notes to the financial statements

Thunder Road Speedshop Limited

Directors and other information


	Directors	A White
		A Smith


	Company number	07178788


	Registered office	Lemons Garage
		Cheapside
		Woking
		Surrey

Thunder Road Speedshop Limited

Abridged statement of financial position

31 March 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	5	-		166
		_______		_______
			-		166

Current assets
Stocks		1,075		2,010
Debtors		23,135		24,430
Cash at bank and in hand		3,207		942
		_______		_______
		27,417		27,382
Creditors: amounts falling due
within one year		( 26,563)		( 23,317)
		_______		_______
Net current assets			854		4,065
			_______		_______
Total assets less current liabilities			854		4,231

Creditors: amounts falling due
after more than one year			( 1,358)		( 4,475)
			_______		_______
Net liabilities			( 504)		( 244)
			_______		_______

Capital and reserves
Called up share capital			1		1
Profit and loss account			( 505)		( 245)
			_______		_______
Shareholders deficit			( 504)		( 244)
			_______		_______

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

The members have agreed to the preparation of abridged accounts.

These financial statements were approved by the board of directors and authorised for issue on 10 July 2026 , and are signed on behalf of the board by:

A White

Director

Company registration number: 07178788

Thunder Road Speedshop Limited

Statement of changes in equity

Year ended 31 March 2026

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2024	1	10	11

Profit for the year		3,745	3,745
	_______	_______	_______
Total comprehensive income for the year	-	3,745	3,745

Dividends paid and payable		( 4,000)	( 4,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 4,000)	( 4,000)

	_______	_______	_______
At 31 March 2025 and 1 April 2025	1	( 245)	( 244)

Profit for the year		12,740	12,740
	_______	_______	_______
Total comprehensive income for the year	-	12,740	12,740

Dividends paid and payable		( 13,000)	( 13,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 13,000)	( 13,000)

	_______	_______	_______
At 31 March 2026	1	( 505)	( 504)
	_______	_______	_______

Thunder Road Speedshop Limited

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Lemons Garage, Cheapside, Woking, Surrey.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current tax recognised in the accounting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	20 %	straight line
Motor vehicles	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2025: 2 ).

5. Tangible assets


		£
	Cost
	At 1 April 2025 and 31 March 2026	19,270
		_______
	Depreciation
	At 1 April 2025	19,104
	Charge for the year	166
		_______
	At 31 March 2026	19,270
		_______
	Carrying amount
	At 31 March 2026	-
		_______
	At 31 March 2025	166
		_______

6. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2026
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	A White	13,582	23	13,605
	A Smith	10,848	( 1,318)	9,530
		_______	_______	_______
		24,430	( 1,295)	23,135
		_______	_______	_______

2025
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	A White	13,835	( 253)	13,582
	A Smith	14,245	( 3,397)	10,848
		_______	_______	_______
		28,080	( 3,650)	24,430
		_______	_______	_______

7. Controlling party

The company is under the control of the directors.