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REGISTERED NUMBER: 04222234 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Racalt Tech Limited

Racalt Tech Limited (Registered number: 04222234)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 5

Racalt Tech Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs A Khosla
S K Mehta





SECRETARY: S K Mehta





REGISTERED OFFICE: 16 Vernon Avenue
Handsworth Wood
Birmingham
West Midlands
B20 1DE





REGISTERED NUMBER: 04222234 (England and Wales)





ACCOUNTANTS: Philmar Accountancy Services Limited
16 Vernon Avenue
Handsworth Wood
Birmingham
West Midlands
B20 1DE

Racalt Tech Limited (Registered number: 04222234)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,280 1,706
Investments 5 99,529 -
Investment property 6 157,582 157,582
258,391 159,288

CURRENT ASSETS
Debtors 7 26,038 14,977
Cash at bank 50,109 146,345
76,147 161,322
CREDITORS
Amounts falling due within one year 8 6,218 2,687
NET CURRENT ASSETS 69,929 158,635
TOTAL ASSETS LESS CURRENT
LIABILITIES

328,320

317,923

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 327,320 316,923
SHAREHOLDERS' FUNDS 328,320 317,923

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 11 October 2024 and were signed on its behalf by:



Mrs A Khosla - Director


Racalt Tech Limited (Registered number: 04222234)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Racalt Tech 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.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 4,174
DEPRECIATION
At 1 June 2023 2,468
Charge for year 426
At 31 May 2024 2,894
NET BOOK VALUE
At 31 May 2024 1,280
At 31 May 2023 1,706

Racalt Tech Limited (Registered number: 04222234)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 99,529
At 31 May 2024 99,529
NET BOOK VALUE
At 31 May 2024 99,529

6. INVESTMENT PROPERTY
Total
£   
COST
At 1 June 2023
and 31 May 2024 157,582
NET BOOK VALUE
At 31 May 2024 157,582
At 31 May 2023 157,582

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 26,038 14,977

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 3,069 215
Other creditors 3,149 2,472
6,218 2,687

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Racalt Tech Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Racalt Tech Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Racalt Tech Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Racalt Tech Limited and state those matters that we have agreed to state to the Board of Directors of Racalt Tech Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Racalt Tech Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Racalt Tech Limited. You consider that Racalt Tech Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Racalt Tech Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Philmar Accountancy Services Limited
16 Vernon Avenue
Handsworth Wood
Birmingham
West Midlands
B20 1DE


11 October 2024