TRIPLE D MOTOSPORT LIMITED


Directors	CRAYSTON, Maria
	CRAYSTON, Neil David


Company Secretary	CRAYSTON, Maria


Registered Address	Mintsfeet Road South
	Mintsfeet Industrial Estate
	Kendal
	LA9 6ND


Registered Number	06155717 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	-	10
Fixtures and fittings	-	5
Vehicles	15	-
Office Equipment	15	-

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

Finance leases and hire purchase contracts

Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	8		8

3.	Intangible assets

	Goodwill	Other	Total
	£	£	£
Cost or valuation
At 01 January 25	91,285	27,234	118,519
At 31 December 25	91,285	27,234	118,519
Amortisation and impairment
At 01 January 25	86,651	8,170	94,821
Charge for year	4,634	5,447	10,081
At 31 December 25	91,285	13,617	104,902
Net book value
At 31 December 25	-	13,617	13,617
At 31 December 24	4,634	19,064	23,698

4.	Useful life of intangible assets
	Intangible assets are not permitted to have an indefinite life and must be amortised over their estimated useful life. The estimated useful life of goodwill has been set at 10 years and the asset will be amortized on a straight-line basis over that period. The Other Intangible asset is the company's new website. The estimated useful life of the website has been set at 5 years and the asset will be amortized on a straight-line basis over that period.

Useful life of intangible assets

Intangible assets are not permitted to have an indefinite life and must be amortised over their estimated useful life. The estimated useful life of goodwill has been set at 10 years and the asset will be amortized on a straight-line basis over that period.

The Other Intangible asset is the company's new website. The estimated useful life of the website has been set at 5 years and the asset will be amortized on a straight-line basis over that period.

5.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 January 25	6,037	39,567	201,510	79,057	54,971	381,142
Disposals	-	-	(14,500)	-	-	(14,500)
At 31 December 25	6,037	39,567	187,010	79,057	54,971	366,642
Depreciation and impairment
At 01 January 25	-	29,056	70,063	64,043	41,841	205,003
Charge for year	-	3,084	18,808	4,046	1,970	27,908
On disposals	-	-	(8,444)	-	-	(8,444)
At 31 December 25	-	32,140	80,427	68,089	43,811	224,467
Net book value
At 31 December 25	6,037	7,427	106,583	10,968	11,160	142,175
At 31 December 24	6,037	10,511	131,447	15,014	13,130	176,139

6.	Stocks

	2025	2024
	£	£
Raw materials and consumables	714,090	1,254,548
Total	714,090	1,254,548

7.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	(24,681)	12,304
Other debtors	83,777	55,377
Prepayments and accrued income	-	1,482
Total	59,096	69,163

8.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	356,686	890,342
Bank borrowings and overdrafts	150,690	107,536
Taxation and social security	31,291	42,975
Finance lease and HP contracts	19,242	17,283
Other creditors	163,997	127,339
Accrued liabilities and deferred income	4,576	4,463
Total	726,482	1,189,938


	Bank borrowings amounting to £135,805 (2024: £98,036) are secured by a fixed and floating charge over assets of the company. Bank borrowings include a bank loan which is an unsecured government Bounce Back Loan amounting to £9,366 (2024: £9,500). Finance lease and HP contracts are secured on the assets to which they relate.

9.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	38,541	52,292
Other creditors	49,881	69,123
Total	88,422	121,415


	Bank borrowings amounting to £38,541 (2024: £43,443) are secured by a fixed and floating charge over assets of the company. Bank borrowings include a bank loan which is an unsecured government Bounce Back Loan amounting to £nil (2024: £8,849). Bank loan instalment payments due after more than five years amounted to £12,541 (2024: £17,443).

10.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	69,123		86,407


	Finance lease and HP contracts are secured on the assets to which they relate.

11.	Provisions for liabilities
	The deferred tax provision relates to accelerated capital allowances.

	2025	2024
	£	£
Net deferred tax liability (asset)	-	20,200
Total	-	20,200

12.	Related party transactions
	On 1 January 2025, the company owed the Directors £103,822. During the period the Directors advanced a further £1,000. On 31 December 2025, the company owed the Directors £104,822. No interest was charged on this loan and the loan is repayable on demand.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		13,617		23,698
Tangible assets	5		142,175		176,139
			155,792		199,837
Current assets
Stocks	6	714,090		1,254,548
Debtors	7	59,096		69,163
Cash at bank and on hand		17,863		15,079
		791,049		1,338,790
Creditors amounts falling due within one year	8	(726,482)		(1,189,938)
Net current assets (liabilities)			64,567		148,852
Total assets less current liabilities			220,359		348,689
Creditors amounts falling due after one year	9		(88,422)		(121,415)
Provisions for liabilities	11		-		(20,200)
Net assets			131,937		207,074
Capital and reserves
Called up share capital			100		100
Profit and loss account			131,837		206,974
Shareholders' funds			131,937		207,074