EXPERIENCE MOTORSPORT LTD

EXPERIENCE MOTORSPORT LTD

Statement of Financial Position

As at 31 December 2025

	£	2025 £	£	2024 £
Fixed assets		968		1,076
Current assets	101		234
Creditors: amount falling due within one year	(3,340)		(3,088)
Net current assets/(liabilities)		(3,239)		(2,854)
Total assets less current liabilities		(2,271)		(1,778)
Net assets/(liabilities)		(2,271)		(1,778)


Capital and reserves		(2,271)		(1,778)

Notes to the Accounts

Statutory Information

Experience Motorsport Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 13784106, registration address 31 Great Back Lane, Debenham, Stowmarket, IP14 6RD, England.

The presentation currency is £ sterling.

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).

Going Concern

The financial statements have been prepared on a going concern basis. The Company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long-term liabilities as current liabilities.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the Company, net of value-added tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

10% Reducing Balance

Tangible fixed assets

Cost or Valuation	Plant and Machinery	Total
	£	£
At 01 January 2025	1,476	1,476
At 31 December 2025	1,476	1,476
Depreciation
At 01 January 2025	400	400
Charge for year	108	108
At 31 December 2025	508	508
Net book values
Closing balance as at 31 December 2025	968	968
Opening balance as at 01 January 2025	1,076	1,076

Tangible fixed assets

3.	Average number of employees Average number of employees during the year were 2 (2024: 2).

Directors' Responsibilities:

For the year ended 31 December 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 of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The financial statements have been prepared in accordance with the micro-entity provisions.

Signed on behalf of the board of directors:

---------------------------------------------

David Thomas Horton
Director

Date approved: 09 September 2026