Grampian Kart Club

	Page
Accountants' Report	1
Balance Sheet	2
Notes to the Financial Statements	3—4

In accordance with the engagement letter dated 04 February 2026, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 October 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

16/06/2026

M Squared Accountants Ltd

Bank House

Seaforth Street

Fraserburgh

AB43 9BB

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Grampian Kart Club

Balance Sheet

As At 31 October 2025

Balance Sheet

Registered number: SC203554

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		107,775		69,032

			107,775		69,032
CURRENT ASSETS
Debtors	5	3,612		-
Cash at bank and in hand		67,616		88,243

		71,228		88,243
Creditors: Amounts Falling Due Within One Year	6	(6,016 )		(4,303 )

NET CURRENT ASSETS (LIABILITIES)			65,212		83,940

TOTAL ASSETS LESS CURRENT LIABILITIES			172,987		152,972

NET ASSETS			172,987		152,972

Income and Expenditure Account			172,987		152,972

MEMBERS' FUNDS			172,987		152,972

For the year ending 31 October 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 Income and Expenditure Account.

On behalf of the board

Mr Garry Ingram Director	Mr Martin Towler Director
16/06/2026

The notes on pages 3 to 4 form part of these financial statements.

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Grampian Kart Club

Notes to the Financial Statements

For The Year Ended 31 October 2025

Notes to the Financial Statements

1. General Information

Grampian Kart Club is a private company, limited by guarantee, incorporated in Scotland, registered number SC203554 . The registered office is Bank House, Seaforth Street, Fraserburgh, Aberdeenshire, AB43 9BB.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Track & Buildings	5% straight line
Plant & Machinery	20% straight line
Kart Hire Equipment	20% straight line

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Land & Property
	Track & Buildings	Plant & Machinery	Kart Hire Equipment	Total
	£	£	£	£
Cost
As at 1 November 2024	117,052	74,273	83,158	274,483
Additions	-	2,601	54,500	57,101
Disposals	-	(721 )	(8,258 )	(8,979 )

As at 31 October 2025	117,052	76,153	129,400	322,605

...CONTINUED

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Grampian Kart Club

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

Depreciation
As at 1 November 2024	53,700	70,813	80,938	205,451
Provided during the period	5,853	1,154	9,972	16,979
Disposals	-	-	(7,600 )	(7,600 )

As at 31 October 2025	59,553	71,967	83,310	214,830

Net Book Value
As at 31 October 2025	57,499	4,186	46,090	107,775

As at 1 November 2024	63,352	3,460	2,220	69,032

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	3,112	-
Other debtors	500	-

	3,612	-

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	480	-
Corporation tax	-	3,343
VAT	4,239	-
Accruals and deferred income	1,297	960

	6,016	4,303

7. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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