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REGISTERED NUMBER: 14300149 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Racking Group Holdings Ltd

Racking Group Holdings Ltd (Registered number: 14300149)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Racking Group Holdings Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs S L Church
R A Church





REGISTERED OFFICE: 1733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT





REGISTERED NUMBER: 14300149 (England and Wales)





ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT

Racking Group Holdings Ltd (Registered number: 14300149)

Balance Sheet
30 June 2024

30.6.24 30.6.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Investments 5 1,700,000 1,700,000

CURRENT ASSETS
Debtors 6 - 18,000
Cash at bank and in hand 632,911 296,100
632,911 314,100
CREDITORS
Amounts falling due within one year 7 4,742 1,991
NET CURRENT ASSETS 628,169 312,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,328,169

2,012,109

CAPITAL AND RESERVES
Called up share capital 8 1,700,100 1,700,100
Retained earnings 628,069 312,009
SHAREHOLDERS' FUNDS 2,328,169 2,012,109

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Racking Group Holdings Ltd (Registered number: 14300149)

Balance Sheet - continued
30 June 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 28 February 2025 and were signed on its behalf by:





R A Church - Director


Racking Group Holdings Ltd (Registered number: 14300149)

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

1. STATUTORY INFORMATION

Racking Group Holdings Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Racking Group Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
In the accounts of Racking Group Holdings Ltd investments held as fixed assets are stated at cost less any provision for permanent diminution in value.

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.

Accounting period
The previous accounting period covered a total of 319 days.

Racking Group Holdings Ltd (Registered number: 14300149)

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

4. EMPLOYEES AND DIRECTORS

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 1,700,000
NET BOOK VALUE
At 30 June 2024 1,700,000
At 30 June 2023 1,700,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Spartan Direct Limited
Registered office: England & Wales
Nature of business: racking, mezzanine and storage installation.
%
Class of shares: holding
Ordinary 100.00

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
as restated
£    £   
Other debtors - 18,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
as restated
£    £   
Trade creditors 2,137 -
Amounts owed to group undertakings 11 11
Tax 2,594 -
Accruals and deferred income - 1,980
4,742 1,991

Racking Group Holdings Ltd (Registered number: 14300149)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: as restated
£    £   
1,700,100 Ordinary A £1 1,700,100 1,700,100

9. CAPITAL COMMITMENTS
30.6.24 30.6.23
as restated
£    £   
Contracted but not provided for in the
financial statements - -

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 June 2024 and the period ended 30 June 2023:

30.6.24 30.6.23
as restated
£    £   
R A Church
Balance outstanding at start of year 9,000 -
Amounts advanced - 9,000
Amounts repaid (9,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,000

Mrs S L Church
Balance outstanding at start of year 9,000 -
Amounts advanced - 9,000
Amounts repaid (9,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,000

11. RELATED PARTY DISCLOSURES

Loans from group undertakings are unsecured and interest free with no specific repayment terms.

In the period under review the company received interim dividends of £395,000 from a wholly owned subsidiary.