Acorah Software Products - Accounts Production 19.4.351 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 03939308 Mr Daniel Welch Mr John Welch iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03939308 2024-12-31 03939308 2025-12-31 03939308 2025-01-01 2025-12-31 03939308 frs-core:CurrentFinancialInstruments 2025-12-31 03939308 frs-core:Non-currentFinancialInstruments 2025-12-31 03939308 frs-core:ComputerEquipment 2025-12-31 03939308 frs-core:ComputerEquipment 2025-01-01 2025-12-31 03939308 frs-core:ComputerEquipment 2024-12-31 03939308 frs-core:MotorVehicles 2025-12-31 03939308 frs-core:MotorVehicles 2025-01-01 2025-12-31 03939308 frs-core:MotorVehicles 2024-12-31 03939308 frs-core:PlantMachinery 2025-12-31 03939308 frs-core:PlantMachinery 2025-01-01 2025-12-31 03939308 frs-core:PlantMachinery 2024-12-31 03939308 frs-core:RevaluationReserve 2024-12-31 03939308 frs-core:RevaluationReserve 2025-12-31 03939308 frs-core:ShareCapital 2025-12-31 03939308 frs-core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 03939308 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-12-31 03939308 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 03939308 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 03939308 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 03939308 frs-bus:SmallEntities 2025-01-01 2025-12-31 03939308 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 03939308 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 03939308 frs-bus:Director1 2025-01-01 2025-12-31 03939308 frs-bus:Director2 2025-01-01 2025-12-31 03939308 frs-countries:EnglandWales 2025-01-01 2025-12-31 03939308 2023-12-31 03939308 2024-12-31 03939308 2024-01-01 2024-12-31 03939308 frs-core:CurrentFinancialInstruments 2024-12-31 03939308 frs-core:Non-currentFinancialInstruments 2024-12-31 03939308 frs-core:RevaluationReserve 2024-12-31 03939308 frs-core:ShareCapital 2024-12-31 03939308 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 03939308
Welch Motorsport Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Assets Limited
Chiltern Chambers
St Peters Avenue
Reading
Berkshire
RG47DH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03939308
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,414 20,552
15,414 20,552
CURRENT ASSETS
Debtors 5 27 40,037
Cash at bank and in hand 286 254
313 40,291
Creditors: Amounts Falling Due Within One Year 6 (108,439 ) (128,904 )
NET CURRENT ASSETS (LIABILITIES) (108,126 ) (88,613 )
TOTAL ASSETS LESS CURRENT LIABILITIES (92,712 ) (68,061 )
Creditors: Amounts Falling Due After More Than One Year 7 (2,779 ) (19,286 )
NET LIABILITIES (95,491 ) (87,347 )
CAPITAL AND RESERVES
Called up share capital 8 80 80
Revaluation reserve 9 125,000 125,000
Profit and Loss Account (220,571 ) (212,427 )
SHAREHOLDERS' FUNDS (95,491) (87,347)
Page 1
Page 2
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 John Welch
Director
05/05/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Welch Motorsport Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03939308 . The registered office is 5 Coxheath Road, Crookham, Fleet, Hampshire, GU51 5QH.
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. 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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2025 172,333 732,226 2,000 906,559
As at 31 December 2025 172,333 732,226 2,000 906,559
Depreciation
As at 1 January 2025 158,610 725,634 1,763 886,007
Provided during the period 3,431 1,648 59 5,138
As at 31 December 2025 162,041 727,282 1,822 891,145
Net Book Value
As at 31 December 2025 10,292 4,944 178 15,414
As at 1 January 2025 13,723 6,592 237 20,552
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Page 4
5. Debtors
2025 2024
£ £
Due within one year
VAT 27 18
Amounts owed by group undertakings - 40,019
27 40,037
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 108 37
Bank loans and overdrafts 4,000 4,000
Other creditors 543 2,787
Accruals and deferred income 600 679
Directors' loan accounts 103,188 121,401
108,439 128,904
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 2,779 4,286
Other loans - 15,000
2,779 19,286
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 80 80
9. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 January 2025 125,000 (212,427 )
Loss for the year and total comprehensive income - (8,144 )
As at 31 December 2025 125,000 (220,571 )
Page 4