Company Registration No. 14817441 (England and Wales)
VRD Racing Ltd
Unaudited accounts
for the year ended 30 April 2026
VRD Racing Ltd
Unaudited accounts
Contents
VRD Racing Ltd
Company Information
for the year ended 30 April 2026
Director
Daniel Oscar William Mitchell
Company Number
14817441 (England and Wales)
Registered Office
Venta House, 9a Port road
Newport
NP20 2NS
United Kingdom
Accountants
Evans Entwistle
Venta House
Maes-glas
Newport
NP20 2NS
VRD Racing Ltd
Statement of financial position
as at 30 April 2026
Tangible assets
885,848
385,704
Cash at bank and in hand
1,237
1,363
Creditors: amounts falling due within one year
(224,632)
(147,893)
Net current assets
372,183
285,257
Total assets less current liabilities
1,258,031
670,961
Creditors: amounts falling due after more than one year
(3,147,702)
(2,334,861)
Provisions for liabilities
Net liabilities
(1,889,671)
(1,737,242)
Called up share capital
1,000
1,000
Profit and loss account
(1,890,671)
(1,738,242)
Shareholders' funds
(1,889,671)
(1,737,242)
For the year ending 30 April 2026 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 July 2026 and were signed on its behalf by
Daniel Oscar William Mitchell
Director
Company Registration No. 14817441
VRD Racing Ltd
Notes to the Accounts
for the year ended 30 April 2026
VRD Racing Ltd is a private company, limited by shares, registered in England and Wales, registration number 14817441. The registered office is Venta House, 9a Port road, Newport, NP20 2NS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years straight line
Motor vehicles
5 years straight line
Computer equipment
3 years straight line
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the average exchange rate prevailing during the reporting period. Exchange differences are taken into account in arriving at the operating profit.
Assets held under long term leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
VRD Racing Ltd
Notes to the Accounts
for the year ended 30 April 2026
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2025
-
412,000
1,528
413,528
Additions
542,199
108,000
-
650,199
Disposals
-
(40,000)
-
(40,000)
At 30 April 2026
542,199
480,000
1,528
1,023,727
At 1 May 2025
-
27,467
357
27,824
Charge for the year
18,073
102,200
449
120,722
On disposals
-
(10,667)
-
(10,667)
At 30 April 2026
18,073
119,000
806
137,879
At 30 April 2026
524,126
361,000
722
885,848
At 30 April 2025
-
384,533
1,171
385,704
Amounts falling due within one year
Trade debtors
30,633
50,000
6
Creditors: amounts falling due within one year
2026
2025
Obligations under finance leases and hire purchase contracts
90,195
-
Trade creditors
134,437
140,576
7
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
353,265
-
Other creditors
2,715,448
2,237,495
Loans from directors
78,989
97,366
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
VRD Racing Ltd
Notes to the Accounts
for the year ended 30 April 2026
9
Operating lease commitments
2026
2025
At 30 April 2026 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
90,195
-
Later than one year and not later than five years
353,265
-
10
Transactions with related parties
At the end of the financial period under review, the company owed £2,715,448
(2025: £2,237,495) to its associated company VRD LLC (registered in the US state of Montana).
11
Average number of employees
During the year the average number of employees was 0 (2025: 0).