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Registration number: 14249309

Automotive Sporting Heritage Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

Automotive Sporting Heritage Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

Automotive Sporting Heritage Limited

Company Information

Directors | Ashley Richard Sermon Anthony Gordon Sermon

Registered office | Unit 12, Exhibition Farm Skippers Lane Withersfield, Haverhill CB9 7SJ

Accountants | Gordon Levy Limited Chartered Accountants Suite 5, 4th Floor 3 Universal Square Devonshire Street North Manchester, M12 6JH

Automotive Sporting Heritage Limited

(Registration number: 14249309)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 53,095 | 73,271
Current assets |  |  |
Stocks | 5 | 13,218 | 10,700
Debtors | 6 | 15,830 | 14,267
Cash at bank and in hand |  | 757 | 3,702
|  | 29,805 | 28,669
Creditors: Amounts falling due within one year | 7 | (249,573) | (177,684)
Net current liabilities |  | (219,768) | (149,015)
Total assets less current liabilities |  | (166,673) | (75,744)
Provisions for liabilities |  | (2,487) | (3,623)
Net liabilities |  | (169,160) | (79,367)
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Retained earnings |  | (169,260) | (79,467)
Shareholders' deficit |  | (169,160) | (79,367)

For the financial year ending 31 July 2025 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 July 2026 and signed on its behalf by:

......................................... Anthony Gordon Sermon Director

Automotive Sporting Heritage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 12, Exhibition Farm
Skippers Lane
Withersfield, Haverhill
CB9 7SJ

These financial statements were authorised for issue by the Board on 24 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Automotive Sporting Heritage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 20% straight line
Plant and machinery | 20% straight line
Office equipment | 33.33% straight line
Motor vehicles | 33.33% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for goods sold and services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Automotive Sporting Heritage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £
Cost or valuation
At 1 August 2024 | 3,250 | 54,690 | 250 | 33,500
At 31 July 2025 | 3,250 | 54,690 | 250 | 33,500
Depreciation
At 1 August 2024 | 596 | 9,758 | 76 | 7,989
Charge for the year | 650 | 10,938 | 83 | 8,505
At 31 July 2025 | 1,246 | 20,696 | 159 | 16,494
Carrying amount
At 31 July 2025 | 2,004 | 33,994 | 91 | 17,006
At 31 July 2024 | 2,654 | 44,932 | 174 | 25,511

Automotive Sporting Heritage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

| Total £
Cost or valuation
At 1 August 2024 | 91,690
At 31 July 2025 | 91,690
Depreciation
At 1 August 2024 | 18,419
Charge for the year | 20,176
At 31 July 2025 | 38,595
Carrying amount
At 31 July 2025 | 53,095
At 31 July 2024 | 73,271

5 | Stocks

| 2025 £ | 2024 £
Work in progress | 10,218 | 9,200
Other inventories | 3,000 | 1,500
| 13,218 | 10,700

Automotive Sporting Heritage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 2,431 | -
Prepayments | 10,219 | 51
Other debtors | 3,180 | 14,216
| 15,830 | 14,267

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 76,863 | 21,747
Taxation and social security | 37,691 | 10,033
Accruals and deferred income | 9,651 | 8,568
Other creditors | 125,368 | 137,336
| 249,573 | 177,684

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share of £1 each | 100 | 100 | 100 | 100

9 | Related party transactions

Loans from related parties

2025 | Key management £ | Total £
At start of period | 136,784 | 136,784
Repaid | (21,415) | (21,415)
At end of period | 115,369 | 115,369

Automotive Sporting Heritage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

2024 | Key management £ | Total £
Advanced | 136,784 | 136,784
At end of period | 136,784 | 136,784

Terms of loans from related parties

Loans from key management balance stated above, and included in other creditors, comprises loan from one of the directors. The loan is unsecured, interest free and repayable on demand.