RACO FS LTD

Company Registration Number:
06858867 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

RACO FS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

RACO FS LTD

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 16,546 860
Total fixed assets: 16,546 860
Current assets
Debtors:   2,118 10,179
Cash at bank and in hand: 137 10
Total current assets: 2,255 10,189
Creditors: amounts falling due within one year:   (15,594) (31,177)
Net current assets (liabilities): (13,339) (20,988)
Total assets less current liabilities: 3,207 (20,128)
Creditors: amounts falling due after more than one year:   (4,612) (6,397)
Total net assets (liabilities): (1,405) (26,525)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (1,406) (26,526)
Shareholders funds: (1,405) (26,525)

The notes form part of these financial statements

RACO FS LTD

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 October 2023
and signed on behalf of the board by:

Name: R A Corns
Status: Director

The notes form part of these financial statements

RACO FS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration receivable net of value added tax.Turnover for services provided is recognised on completion of the service.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation.Depreciation is provided on tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over their expected useful lives as follows:-Equipment 33% straight lineMotor vehicles 25% straight line

Other accounting policies

TaxationTaxation represents the sum of tax currently payable. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

RACO FS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

RACO FS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 28,815
Additions 21,909
Disposals (12,074)
At 31 March 2023 38,650
Depreciation
At 01 April 2022 27,955
Charge for year 6,223
On disposals (12,074)
At 31 March 2023 22,104
Net book value
At 31 March 2023 16,546
At 31 March 2022 860