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REGISTERED NUMBER: 14732412 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 15 MARCH 2023 TO 31 MARCH 2024

FOR

RACK STORAGE SOLUTIONS LIMITED

RACK STORAGE SOLUTIONS LIMITED (REGISTERED NUMBER: 14732412)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 15 MARCH 2023 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RACK STORAGE SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 15 MARCH 2023 TO 31 MARCH 2024







DIRECTORS: Mr D Phillips
Mrs R P Phillips





REGISTERED OFFICE: 10 Beech Court
Wokingham Road
Hurst
Reading
Berkshire
RG10 0RQ





REGISTERED NUMBER: 14732412 (England and Wales)





ACCOUNTANTS: Vernon Gosling Friday Limited
10 Beech Court
Wokingham Road
Hurst
Reading
Berkshire
RG10 0RQ

RACK STORAGE SOLUTIONS LIMITED (REGISTERED NUMBER: 14732412)

BALANCE SHEET
31 MARCH 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 46,904

CURRENT ASSETS
Cash at bank and in hand 6,367

CREDITORS
Amounts falling due within one year 5 84,857
NET CURRENT LIABILITIES (78,490 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(31,586

)

CAPITAL AND RESERVES
Called up share capital 10
Retained earnings (31,596 )
(31,586 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RACK STORAGE SOLUTIONS LIMITED (REGISTERED NUMBER: 14732412)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by:




Mr D Phillips - Director



Mrs R P Phillips - Director


RACK STORAGE SOLUTIONS LIMITED (REGISTERED NUMBER: 14732412)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 15 MARCH 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Rack Storage Solutions 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 25% on cost

Going concern
The directors have confirmed that they will continue to provide financial support to the company until a time where the company's financial position improves. In addition, the directors have confirmed they will not recall any loans within 12 months.The directors consider it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 61,275
At 31 March 2024 61,275
DEPRECIATION
Charge for period 14,371
At 31 March 2024 14,371
NET BOOK VALUE
At 31 March 2024 46,904

RACK STORAGE SOLUTIONS LIMITED (REGISTERED NUMBER: 14732412)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 15 MARCH 2023 TO 31 MARCH 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 59
Other creditors 84,798
84,857