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REGISTERED NUMBER: 02873003 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Racsel Building Services Limited

Racsel Building Services Limited (Registered number: 02873003)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Racsel Building Services Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: M E Aris





REGISTERED OFFICE: Tern House
Upper West Street
Reigate
Surrey
RH2 9HX





REGISTERED NUMBER: 02873003 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
Bennett House
The Dean
Alresford
Hampshire
SO24 9BH

Racsel Building Services Limited (Registered number: 02873003)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,497 38,452

CURRENT ASSETS
Debtors 5 284,744 169,751
Cash at bank 365,477 237,827
650,221 407,578
CREDITORS
Amounts falling due within one year 6 270,611 234,993
NET CURRENT ASSETS 379,610 172,585
TOTAL ASSETS LESS CURRENT
LIABILITIES

425,107

211,037

CREDITORS
Amounts falling due after more than one
year

7

(51,235

)

(50,333

)

PROVISIONS FOR LIABILITIES 8 (10,609 ) -
NET ASSETS 363,263 160,704

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 343,263 140,704
SHAREHOLDERS' FUNDS 363,263 160,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Racsel Building Services Limited (Registered number: 02873003)

Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2024 and were signed by:





M E Aris - Director


Racsel Building Services Limited (Registered number: 02873003)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Racsel Building Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% reducing balance basis
Motor vehicles - 25% reducing balance basis

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 9 ) .

Racsel Building Services Limited (Registered number: 02873003)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2023 76,338 52,065 128,403
Additions 4,302 25,376 29,678
Disposals - (15,075 ) (15,075 )
At 30 April 2024 80,640 62,366 143,006
DEPRECIATION
At 1 May 2023 70,868 19,083 89,951
Charge for year 2,443 12,723 15,166
Eliminated on disposal - (7,608 ) (7,608 )
At 30 April 2024 73,311 24,198 97,509
NET BOOK VALUE
At 30 April 2024 7,329 38,168 45,497
At 30 April 2023 5,470 32,982 38,452

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 282,065 139,379
Other debtors - 150
Deferred tax asset - 26,372
Prepayments 2,679 3,850
284,744 169,751

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 11,660 8,138
Trade creditors 12,774 45,473
Tax 19,530 -
Social security and other taxes 14,290 3,724
VAT 61,238 48,044
Other creditors 9,298 14,541
Bounce back loan 10,000 10,000
Directors' current accounts 99 6
Accruals and deferred income 131,722 105,067
270,611 234,993

Racsel Building Services Limited (Registered number: 02873003)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 32,902 22,000
Bounce back loan over 1 year 18,333 28,333
51,235 50,333

8. PROVISIONS FOR LIABILITIES
2024
£   
Deferred tax
Accelerated capital allowances 10,609

Deferred
tax
£   
Balance at 1 May 2023 (26,372 )
Capital allowances 3,679
Losses 42,379
change in rate (9,077 )
Balance at 30 April 2024 10,609

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party for the year was Mr Aris, the sole director by virtue of his 100% shareholding.