08782382 false Mechanics 2024-11-01 2026-03-31 http://www.companieshouse.gov.uk/2024-10-31 http://www.companieshouse.gov.uk/pt:PlantMachinery 2024-10-31 http://www.companieshouse.gov.uk/pt:ShareCapital 2024-10-31 http://www.companieshouse.gov.uk/cd:Director1 2024-11-01 2026-03-31 http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles 2024-10-31 http://www.companieshouse.gov.uk/pt:PlantMachinery 2026-03-31 http://www.companieshouse.gov.uk/pt:ShareCapital 2026-03-31 http://www.companieshouse.gov.uk/pt:FurnitureFittings 2024-10-31 http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles 2026-03-31 http://www.companieshouse.gov.uk/pt:ToolsEquipment 2024-10-31 http://www.companieshouse.gov.uk/pt:FurnitureFittings 2026-03-31 http://www.companieshouse.gov.uk/cd:OrdinaryShareClass1 2024-11-01 2026-03-31 http://www.companieshouse.gov.uk/pt:ToolsEquipment 2026-03-31 http://www.companieshouse.gov.uk/cd:RegisteredOffice 2024-11-01 2026-03-31 http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport 2024-11-01 2026-03-31 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2026-03-31 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2024-10-31 http://www.companieshouse.gov.uk/2024-11-01 2026-03-31 http://www.companieshouse.gov.uk/2024-10-31 http://www.companieshouse.gov.uk/cd:FRS102 2024-11-01 2026-03-31 http://www.companieshouse.gov.uk/2026-03-31 http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd 2024-11-01 2026-03-31 http://www.companieshouse.gov.uk/cd:FilletedAccounts 2024-11-01 2026-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08782382
Classic Racing Cars (Engineering) Ltd
ACCOUNTS
FOR THE 516 DAY PERIOD ENDED 31/03/2026
(Ceased trading 31/03/2026)
Prepared By:
PJK Accounting Ltd
26
Ferry Farm Drive
STAFFORD
STAFFORDSHIRE
ST17 4JE

Classic Racing Cars (Engineering) Ltd

ACCOUNTS
FOR THE 516 DAY PERIOD ENDED 31/03/2026
DIRECTORS
G Spencer
REGISTERED OFFICE
Unit 3 - 4 Airfield Industrial Estate
Newport Road
SEIGHFORD
STAFFORDSHIRE
ST18 9NR
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08782382
ACCOUNTANTS
PJK Accounting Ltd
26
Ferry Farm Drive
STAFFORD
STAFFORDSHIRE
ST17 4JE

Classic Racing Cars (Engineering) Ltd

ACCOUNTS
FOR THE 516 DAY PERIOD ENDED 31/03/2026
CONTENTS |  |
|  | Page
Directors' Report |  | -
Accountants' Report |  | -
Statement Of Comprehensive Income |  | -
Balance Sheet |  | 3
Notes To The Accounts |  | 4
The following do not form part of the statutory financial statements: |  |
Trading And Profit And Loss Account |  | -
Profit And Loss Account Summaries |  | -

Classic Racing Cars (Engineering) Ltd

BALANCE SHEET AT 31/03/2026
|  |  |  |  |  | 2026 |  |  |  | 2024
|  | Notes |  |  |  | £ |  |  |  | £
FIXED ASSETS |  |  |  |  |  |  |  |  |  |
Tangible assets |  | 2 |  |  |  | - |  |  |  | 39,970
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |
Stock |  |  |  | - |  |  |  | 155,833 |  |
Debtors |  | 4 |  | - |  |  |  | 110,933 |  |
Cash at bank and in hand |  |  |  | 440,478 |  |  |  | 348,080 |  |
|  |  |  | 440,478 |  |  |  | 614,846 |  |
CREDITORS: Amounts falling due within one year |  | 5 |  | 32,311 |  |  |  | 88,520 |  |
NET CURRENT ASSETS |  |  |  |  |  | 408,167 |  |  |  | 526,326
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  |  |  |  | 408,167 |  |  |  | 566,296
PROVISIONS FOR LIABILITIES AND CHARGES |  | 7 |  |  |  | - |  |  |  | 4,608
NET ASSETS |  |  |  |  |  | 408,167 |  |  |  | 561,688
CAPITAL AND RESERVES |  |  |  |  |  |  |  |  |  |
Called up share capital |  | 8 |  |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  |  |  | 408,067 |  |  |  | 561,588
SHAREHOLDERS' FUNDS |  |  |  |  |  | 408,167 |  |  |  | 561,688
For the year ending 31/03/2026 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 22/07/2026 and signed on their behalf by |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
G Spencer |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |

Classic Racing Cars (Engineering) Ltd

NOTES TO THE ACCOUNTS
FOR THE 516 DAY PERIOD ENDED 31/03/2026

1. ACCOUNTING POLICIES

1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation |  |
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery |  | reducing balance 25%
Commercial Vehicles |  | reducing balance 25%
Fixtures and Fittings |  | reducing balance 15%
Equipment |  | reducing balance 25%

1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

1e. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Classic Racing Cars (Engineering) Ltd

1f. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis overthe period of the lese.

2. TANGIBLE FIXED ASSETS |  |  |  |  |  |  |  |  |  |
|  | Plant and |  | Commercial |  | Fixtures |  |  |  |
|  | Machinery |  | Vehicles |  | and Fittings |  | Equipment |  | Total
|  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |
At 01/11/2024 |  | 13,967 |  | 107,280 |  | 7,917 |  | 17,519 |  | 146,683
Disposals |  | (13,967) |  | (107,280) |  | (7,917) |  | (17,519) |  | (146,683)
At 31/03/2026 |  | - |  | - |  | - |  | - |  | -
Depreciation |  |  |  |  |  |  |  |  |  |
At 01/11/2024 |  | 12,773 |  | 75,296 |  | 6,234 |  | 12,411 |  | 106,714
Disposals |  | (12,773) |  | (75,296) |  | (6,234) |  | (12,411) |  | (106,714)
At 31/03/2026 |  | - |  | - |  | - |  | - |  | -
Net Book Amounts |  |  |  |  |  |  |  |  |  |
At 31/03/2026 |  | - |  | - |  | - |  | - |  | -
At 31/10/2024 |  | 1,194 |  | 31,984 |  | 1,683 |  | 5,108 |  | 39,969

3. STOCK |  |  |  | 2026 |  | 2024
|  |  |  | £ |  | £
Stock comprises: |  |  |  |  |  |
Stock |  |  |  | - |  | 77,459
Work in progress |  |  |  | - |  | 78,374
|  |  |  | - |  | 155,833

4. DEBTORS |  |  |  | 2026 |  | 2024
|  |  |  | £ |  | £
Amounts falling due within one year |  |  |  |  |  |
Trade debtors |  |  |  | - |  | 101,260
Other debtors |  |  |  | - |  | 4,498
Prepayments |  |  |  | - |  | 5,172
|  |  |  | - |  | 110,930

Classic Racing Cars (Engineering) Ltd

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |  |  |  |  |  |
|  |  |  | 2026 |  | 2024
|  |  |  | £ |  | £
UK corporation tax |  |  |  | - |  | 2,778
VAT |  |  |  | - |  | 26,982
PAYE control |  |  |  | - |  | 195
Directors current account G Spencer |  |  |  | 31,862 |  | 31,579
Business Charge Card |  |  |  | - |  | 4,473
Trade creditors |  |  |  | - |  | 22,356
Accruals |  |  |  | 449 |  | 157
|  |  |  | 32,311 |  | 88,520

6. EMPLOYEES |  |  |  |  |  |
|  |  |  | 2026 |  | 2024
|  |  |  | No. |  | No.
Average number of employees |  |  |  | 4 |  | 4

7. PROVISIONS FOR LIABILITIES |  |  |  | 2026 |  | 2024
|  |  |  | £ |  | £
Pensions |  |  |  | - |  | 1,310
Deferred taxation |  |  |  | - |  | 3,298
|  |  |  | - |  | 4,608

8. SHARE CAPITAL |  |  |  | 2026 |  | 2024
|  |  |  | £ |  | £
Allotted, issued and fully paid: |  |  |  |  |  |
100 Ordinary shares of £1 each |  |  |  | 100 |  | 100
|  |  |  | 100 |  | 100