Company Registration No. 08193734 (England and Wales)
Racebest Ltd
Unaudited accounts
for the year ended 31 December 2024
Racebest Ltd
Unaudited accounts
Contents
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
Racebest Ltd
Statement of financial position
as at 31 December 2024
Intangible assets
1,789
2,722
Tangible assets
37,804
11,952
Cash at bank and in hand
363,033
324,353
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)
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
Racebest Ltd
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 31 December 2024
35,902
At 31 December 2024
34,113
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
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
At 31 December 2024
25,106
8,965
3,733
37,804
At 31 December 2023
-
11,952
-
11,952
Amounts falling due within one year
Other debtors
18,840
14,342
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
2,400
Trade creditors
1,802
10,381
Taxes and social security
875
237
Other creditors
475,116
426,271
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).