Top Gear Tuning Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09850556

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		11,159		11,020
Tangible Assets	5		28,250		34,682

			39,409		45,702
CURRENT ASSETS
Stocks	6	97,918		38,302
Debtors	7	1,286,001		1,046,275
Cash at bank and in hand		2,486		24,893

		1,386,405		1,109,470
Creditors: Amounts Falling Due Within One Year	8	(294,133 )		(207,931 )

NET CURRENT ASSETS (LIABILITIES)			1,092,272		901,539

TOTAL ASSETS LESS CURRENT LIABILITIES			1,131,681		947,241

Creditors: Amounts Falling Due After More Than One Year	9		(468,858 )		(595,417 )

NET ASSETS			662,823		351,824

CAPITAL AND RESERVES
Called up share capital	11		200		200
Profit and Loss Account			662,623		351,624

SHAREHOLDERS' FUNDS			662,823		351,824

Page 1

Page 2

Top Gear Tuning Ltd

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

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 Profit and Loss Account.

On behalf of the board

Mr Daniel Kirk

Director

17th August 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Top Gear Tuning Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09850556 . The registered office is Unit 6 Planetary Industrial Estate, Planetary Road, Willenhall, West Midlands, WV13 3XA.

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. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets consists of software development. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. 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:

Plant & Machinery	20% reducing balance
Motor Vehicles	20% reducing balance
Fixtures & Fittings	20% reducing balance
Computer Equipment	3 year straight line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Page 3

Page 4

Top Gear Tuning Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Foreign Currencies

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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2025	18,049
Additions	2,160

As at 31 December 2025	20,209

Amortisation
As at 1 January 2025	7,029
Provided during the period	2,021

As at 31 December 2025	9,050

Net Book Value
As at 31 December 2025	11,159

As at 1 January 2025	11,020

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2025	68,877	17,415	1,869	3,168	91,329
Additions	450	-	307	1,023	1,780

As at 31 December 2025	69,327	17,415	2,176	4,191	93,109

Depreciation
As at 1 January 2025	43,318	10,282	857	2,190	56,647
Provided during the period	5,202	1,427	264	1,319	8,212

As at 31 December 2025	48,520	11,709	1,121	3,509	64,859

Net Book Value
As at 31 December 2025	20,807	5,706	1,055	682	28,250

As at 1 January 2025	25,559	7,133	1,012	978	34,682

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Plant & Machinery	7,046	8,808

Page 4

Page 5

Top Gear Tuning Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Stocks

	2025	2024
	£	£
Stock	97,918	38,302

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	42,400	14,372
Prepayments and accrued income	3,478	1,914
VAT	4,520	1,560
Amounts owed by group undertakings	1,235,603	1,028,429

	1,286,001	1,046,275

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	4,695
Trade creditors	53,054	43,669
Bank loans and overdrafts	191,391	138,612
Other taxes and social security	45,695	20,078
Net wages	-	290
Accruals and deferred income	2,004	587
Amounts owed to group undertakings	1,989	-

	294,133	207,931

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	468,858	595,417

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	4,695

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	200	200

Page 5