IRIS Accounts Production v25.4.0.155 13858117 Board of Directors 1.4.25 31.3.26 31.3.26 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 13858117 2025-03-31 13858117 2026-03-31 13858117 2025-04-01 2026-03-31 13858117 2024-03-31 13858117 2024-04-01 2025-03-31 13858117 2025-03-31 13858117 ns15:EnglandWales 2025-04-01 2026-03-31 13858117 ns14:PoundSterling 2025-04-01 2026-03-31 13858117 ns10:Director1 2025-04-01 2026-03-31 13858117 ns10:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 13858117 ns10:SmallEntities 2025-04-01 2026-03-31 13858117 ns10:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 13858117 ns10:SmallCompaniesRegimeForDirectorsReport 2025-04-01 2026-03-31 13858117 ns10:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 13858117 ns10:FullAccounts 2025-04-01 2026-03-31 13858117 ns10:Director2 2025-04-01 2026-03-31 13858117 ns10:RegisteredOffice 2025-04-01 2026-03-31 13858117 ns5:CurrentFinancialInstruments 2026-03-31 13858117 ns5:CurrentFinancialInstruments 2025-03-31 13858117 ns5:ShareCapital 2026-03-31 13858117 ns5:ShareCapital 2025-03-31 13858117 ns5:RetainedEarningsAccumulatedLosses 2026-03-31 13858117 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 13858117 ns5:PlantMachinery 2025-03-31 13858117 ns5:MotorVehicles 2025-03-31 13858117 ns5:ComputerEquipment 2025-03-31 13858117 ns5:PlantMachinery 2025-04-01 2026-03-31 13858117 ns5:MotorVehicles 2025-04-01 2026-03-31 13858117 ns5:ComputerEquipment 2025-04-01 2026-03-31 13858117 ns5:PlantMachinery 2026-03-31 13858117 ns5:MotorVehicles 2026-03-31 13858117 ns5:ComputerEquipment 2026-03-31 13858117 ns5:PlantMachinery 2025-03-31 13858117 ns5:MotorVehicles 2025-03-31 13858117 ns5:ComputerEquipment 2025-03-31 13858117 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-03-31 13858117 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31

REGISTERED NUMBER: 13858117 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

EDMUNDS RACING LTD

| EDMUNDS RACING LTD (REGISTERED NUMBER: 13858117) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 March 2026

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| EDMUNDS RACING LTD |

COMPANY INFORMATION

for the year ended 31 March 2026

| DIRECTORS: | F Kehoe

| M Kehoe

| REGISTERED OFFICE: | Unit 1 Harmansfield Wing Road

| Stewkley

| Leighton Buzzard

| LU7 0JB

| REGISTERED NUMBER: | 13858117 (England and Wales)

| ACCOUNTANTS: | Magma Audit LLP

| 16 Davy Court

| Castle Mound Way

| Rugby, CV23 0UZ

| Magma Audit LLP is part

| Of the Dains Group

| EDMUNDS RACING LTD (REGISTERED NUMBER: 13858117) |

BALANCE SHEET

31 March 2026

| 2026 |  | 2025

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 113,839 |  | 144,113 |  |

CURRENT ASSETS

Debtors | 5 | 131,154 |  | 92,184 |  |

Cash at bank and in hand | 20,240 |  | 134,223 |  |

151,394 |  | 226,407 |  |

CREDITORS

Amounts falling due within one year | 6 | (249,778 | ) | (317,462 | ) |

NET CURRENT LIABILITIES | (98,384 | ) | (91,055 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 15,455 |  | 53,058 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 15,355 |  | 52,958 |  |

15,455 |  | 53,058 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2026 and were signed on its behalf by:

M Kehoe - Director

| EDMUNDS RACING LTD (REGISTERED NUMBER: 13858117) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2026

1. | STATUTORY INFORMATION

| Edmunds Racing Ltd is a limited company, limited by shares, registered in England and Wales. Its registered office address is Unit 1 Harmansfield Wing Road, Stewkley, Leighton Buzzard, England, LU7 0JB and registered number is 13858117.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The presentational currency of the financial statements is Pound Sterling (£) and figures are rounded to the nearest £1.

| Going concern

| At the year end, the company had net current liabilities of £98,384 (2025: £91,055) and net assets of £15,455 (2025: £53,058) The directors have considered the impact that this may have on the company and have prepared the financial statements on a going concern basis. They have confirmed that with the support of the group they are happy that the company will be able to meet its financial obligations as they fall due for at least the next twelve months

| Turnover

| Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sale taxes. The following criteria must also be met before revenue is recognised:

| Rendering of Services

| Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following condition are satisfied:

| - the amount of revenue can be measured reliably;

| - it is probable that the Company will receive the consideration due under the contract;

| - the stage of completion of the contract at the end of the reporting period can be measured reliably; and

| - the costs incurred and the costs to complete the contract can be measured reliably.

| Tangible fixed assets

| Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical costs includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

| Plant and Machinery - 20% reducing balance

| Motor Vehicles - 25 % reducing balance

| Computer equipment - 25 % reducing balance

| 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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

| EDMUNDS RACING LTD (REGISTERED NUMBER: 13858117) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2026

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| i) Financial assets

| Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| Such assets are subsequently carried at amortised cost using the effective interest rate method.

| (ii) Financial liabilities

| Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Taxation

| The tax expense for the year comprises current and deferred tax.

| Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

| Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

| - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

| - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

| Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Operating leases

| Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Rentals under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Cash and cash equivalents

| Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 14 (2025 - 13 ) .

| EDMUNDS RACING LTD (REGISTERED NUMBER: 13858117) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2026

4. | TANGIBLE FIXED ASSETS

| Plant and |  | Motor |  | Computer |

| machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2025 | 81,495 |  | 95,250 |  | 266 |  | 177,011 |  |

| Additions | 1,932 |  | - |  | - |  | 1,932 |  |

| Disposals | (250 | ) | - |  | - |  | (250 | ) |

| At 31 March 2026 | 83,177 |  | 95,250 |  | 266 |  | 178,693 |  |

| DEPRECIATION

| At 1 April 2025 | 644 |  | 32,125 |  | 129 |  | 32,898 |  |

| Charge for year | 16,167 |  | 15,780 |  | 34 |  | 31,981 |  |

| Eliminated on disposal | (25 | ) | - |  | - |  | (25 | ) |

| At 31 March 2026 | 16,786 |  | 47,905 |  | 163 |  | 64,854 |  |

| NET BOOK VALUE

| At 31 March 2026 | 66,391 |  | 47,345 |  | 103 |  | 113,839 |  |

| At 31 March 2025 | 80,851 |  | 63,125 |  | 137 |  | 144,113 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade debtors | 127,692 |  | 90,789 |  |

| Other debtors | 3,462 |  | 1,395 |  |

131,154 |  | 92,184 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade creditors | 34,290 |  | 88,477 |  |

| Taxation and social security | 46,757 |  | 30,851 |  |

| Other creditors | 168,731 |  | 198,134 |  |

249,778 |  | 317,462 |  |

7. | RELATED PARTY DISCLOSURES

| During the year, the company incurred rent of £72,000 (2025: £72,000) from a company with common directors.At the year end the company has £6,000 (2025: £nil) owed to the company in relation to the rental costs incurred.

| At the year end, £90,426 (2025: £90,426) was owed to a company under common ownership. The loan is interest free and repayable on demand.

| At the year end, £32,318 (2025: £62,572) was owed to a company under common ownership. The loan is interest free and repayable on demand.