Kingsbury Racing Shop Limited

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

Registered number: 06498382

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		314,252		266,904

			314,252		266,904
CURRENT ASSETS
Stocks	5	471,108		574,185
Debtors	6	180,316		306,059
Cash at bank and in hand		56,937		57,326

		708,361		937,570
Creditors: Amounts Falling Due Within One Year	7	(100,984 )		(197,122 )

NET CURRENT ASSETS (LIABILITIES)			607,377		740,448

TOTAL ASSETS LESS CURRENT LIABILITIES			921,629		1,007,352

Creditors: Amounts Falling Due After More Than One Year	8		(1,482 )		(10,746 )

NET ASSETS			920,147		996,606

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			920,047		996,506

SHAREHOLDERS' FUNDS			920,147		996,606

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Kingsbury Racing Shop Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 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

E Getley

Director

29 October 2026

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

1. General Information

Kingsbury Racing Shop Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06498382 . The registered office is 43 Middle Barton Road, Duns Tew, Bicester, Oxfordshire, OX25 6JN.

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	20% Straight Line
Motor Vehicles	10% Straight Line
Fixtures & Fittings	20% Straight Line
Computer Equipment	33% Striaght Line

2.4. 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.

2.5. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2025: 7)

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Kingsbury Racing Shop Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2025	220,650	307,324	27,864	14,497	570,335
Additions	10,207	70,791	13,586	1,274	95,858

As at 31 January 2026	230,857	378,115	41,450	15,771	666,193

Depreciation
As at 1 February 2025	210,430	55,443	24,481	13,077	303,431
Provided during the period	5,713	37,812	3,676	1,309	48,510

As at 31 January 2026	216,143	93,255	28,157	14,386	351,941

Net Book Value
As at 31 January 2026	14,714	284,860	13,293	1,385	314,252

As at 1 February 2025	10,220	251,881	3,383	1,420	266,904

5. Stocks

	2026	2025
	£	£
Stock	280,605	368,420
Work in progress	190,503	205,765

	471,108	574,185

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	49,185	282,133
Other debtors	131,131	23,926

	180,316	306,059

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	5,930	7,403
Trade creditors	30,238	109,675
Bank loans and overdrafts	3,333	10,000
Other creditors	61,483	33,814
Taxation and social security	-	36,230

	100,984	197,122

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Kingsbury Racing Shop Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

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

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	1,482	7,413
Bank loans	-	3,333

	1,482	10,746

9. Secured Creditors

Hire purchase liabilities are secured on the assets concerned.

10. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	5,930	7,403
Later than one year and not later than five years	1,482	7,413

	7,412	14,816

	7,412	14,816

11. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

12. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 February 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2026
	£	£	£	£	£
Mr Ewen Getley	-	20,006	(20,006 )	-	-

The above loan is unsecured, repayable on demand and interest bearing at the HMRC official rate.

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