Will Orton Motorsport Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12508847

Will Orton Motorsport Limited

Filleted Unaudited Financial Statements

31 March 2026

Will Orton Motorsport Limited

Financial Statements

Year ended 31 March 2026

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Will Orton Motorsport Limited

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	4	315	788

Current assets

Debtors	5	–	228
Cash at bank and in hand		3,746	797
		-------	-------
		3,746	1,025

Creditors: amounts falling due within one year	6	365,000	352,438
		---------	---------
Net current liabilities		361,254	351,413
		---------	---------
Total assets less current liabilities		( 360,939)	( 350,625)
		---------	---------
Net liabilities		( 360,939)	( 350,625)
		---------	---------

Capital and reserves

Called up share capital	3	3
Profit and loss account	( 360,942)	( 350,628)
	---------	---------
Shareholders deficit	( 360,939)	( 350,625)
	---------	---------

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 statement of income and retained earnings has not been delivered.

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 .

Will Orton Motorsport Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 23 July 2026 , and are signed on behalf of the board by:

Mrs E Orton

Director

Company registration number: 12508847

Will Orton Motorsport 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 and Wales. The address of the registered office is Broadgate, Main Street, Flintham, Newark, NG23 5LA.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors of the company will continue to support the business financially for the foreseeable future.

Revenue recognition

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:

Motor vehicles	-	25% straight line
Equipment	-	15% straight line

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Tangible assets

	Equipment
	£
Cost
At 1 April 2025 and 31 March 2026	3,151
	-------
Depreciation
At 1 April 2025	2,363
Charge for the year	473
	-------
At 31 March 2026	2,836
	-------
Carrying amount
At 31 March 2026	315
	-------
At 31 March 2025	788
	-------

5. Debtors

	2026	2025
	£	£
Other debtors	–	228
	----	----

6. Creditors: amounts falling due within one year

	2026	2025
	£	£
Social security and other taxes	166	–
Other creditors	364,834	352,438
	---------	---------
	365,000	352,438
	---------	---------