1 January 2024 false No description of principal activity Taxfiler 2024.6 08193734business:PrivateLimitedCompanyLtd2024-01-012024-12-31 081937342023-12-31 081937342024-01-012024-12-31 08193734business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 08193734business:FilletedAccounts2024-01-012024-12-31 081937342024-12-31 08193734business:Director12024-01-012024-12-31 08193734business:Director22024-01-012024-12-31 08193734business:Director32024-01-012024-12-31 08193734business:Director42024-01-012024-12-31 08193734business:RegisteredOffice2024-01-012024-12-31 081937342023-12-31 08193734core:WithinOneYear2024-12-31 08193734core:WithinOneYear2023-12-31 08193734core:AfterOneYear2024-12-31 08193734core:AfterOneYear2023-12-31 08193734core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 08193734core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 08193734core:SharePremiumcore:PreviouslyStatedAmount2024-12-31 08193734core:SharePremiumcore:PreviouslyStatedAmount2023-12-31 08193734core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 08193734core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 08193734core:PreviouslyStatedAmount2024-12-31 08193734core:PreviouslyStatedAmount2023-12-31 08193734business:SmallEntities2024-01-012024-12-31 08193734countries:EnglandWales2024-01-012024-12-31 08193734core:PlantMachinery2024-01-012024-12-31 08193734core:MotorVehicles2024-01-012024-12-31 08193734core:ComputerEquipment2024-01-012024-12-31 08193734core:IntangibleAssetsOtherThanGoodwill2023-12-31 08193734core:IntangibleAssetsOtherThanGoodwill2024-12-31 08193734core:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-31 08193734core:PlantMachinery2023-12-31 08193734core:MotorVehicles2023-12-31 08193734core:ComputerEquipment2023-12-31 08193734core:PlantMachinery2024-12-31 08193734core:MotorVehicles2024-12-31 08193734core:ComputerEquipment2024-12-31 081937342023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 08193734 (England and Wales)
Racebest Ltd Unaudited accounts for the year ended 31 December 2024
Racebest Ltd Unaudited accounts Contents
Page
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Racebest Ltd Company Information for the year ended 31 December 2024
Directors
M P Browne Ms L C Taylor R D Brayshay P J Luby
Company Number
08193734 (England and Wales)
Registered Office
2 Stepping Stones East Morton Keighley West Yorkshire BD20 5UG England
Accountants
Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton North Yorkshire BD23 3SE
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Racebest Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,789 
2,722 
Tangible assets
37,804 
11,952 
39,593 
14,674 
Current assets
Inventories
1,047 
- 
Debtors
22,626 
14,595 
Cash at bank and in hand
363,033 
324,353 
386,706 
338,948 
Creditors: amounts falling due within one year
(491,158)
(439,289)
Net current liabilities
(104,452)
(100,341)
Total assets less current liabilities
(64,859)
(85,667)
Creditors: amounts falling due after more than one year
- 
(3,600)
Net liabilities
(64,859)
(89,267)
Capital and reserves
Called up share capital
100 
100 
Share premium
19,980 
19,980 
Profit and loss account
(84,939)
(109,347)
Shareholders' funds
(64,859)
(89,267)
For the year ending 31 December 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by
M P Browne Director Company Registration No. 08193734
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Racebest Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Racebest Ltd is a private company, limited by shares, registered in England and Wales, registration number 08193734. The registered office is 2 Stepping Stones, East Morton, Keighley, West Yorkshire, BD20 5UG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% reducing balance
Computer equipment
33.33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
35,902 
At 31 December 2024
35,902 
Amortisation
At 1 January 2024
33,180 
Charge for the year
933 
At 31 December 2024
34,113 
Net book value
At 31 December 2024
1,789 
At 31 December 2023
2,722 
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Racebest Ltd Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
- 
13,040 
- 
13,040 
Additions
29,013 
- 
4,735 
33,748 
At 31 December 2024
29,013 
13,040 
4,735 
46,788 
Depreciation
At 1 January 2024
- 
1,088 
- 
1,088 
Charge for the year
3,907 
2,987 
1,002 
7,896 
At 31 December 2024
3,907 
4,075 
1,002 
8,984 
Net book value
At 31 December 2024
25,106 
8,965 
3,733 
37,804 
At 31 December 2023
- 
11,952 
- 
11,952 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,786 
253 
Other debtors
18,840 
14,342 
22,626 
14,595 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
2,400 
VAT
13,365 
- 
Trade creditors
1,802 
10,381 
Taxes and social security
875 
237 
Other creditors
475,116 
426,271 
491,158 
439,289 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
3,600 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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