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REGISTERED NUMBER: 11295691 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

R.A.C.E CONTRACTS LTD

R.A.C.E CONTRACTS LTD (REGISTERED NUMBER: 11295691)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R.A.C.E CONTRACTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2025







DIRECTOR: M D O'Brien





REGISTERED OFFICE: 36 Chestnut Walk
Chelmsford
Essex
CM1 4JT





REGISTERED NUMBER: 11295691 (England and Wales)





ACCOUNTANTS: CBHC Limited
Suite 3, Steeple House
Church Lane
Chelmsford
Essex
CM1 1NH

R.A.C.E CONTRACTS LTD (REGISTERED NUMBER: 11295691)

BALANCE SHEET
30 APRIL 2025

30/4/25 30/4/24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,832 -

CURRENT ASSETS
Debtors 5 46,477 29,066
Cash at bank 42,030 5,217
88,507 34,283
CREDITORS
Amounts falling due within one year 6 24,352 21,749
NET CURRENT ASSETS 64,155 12,534
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,987

12,534

CREDITORS
Amounts falling due after more than one year 7 (27,675 ) -

PROVISIONS FOR LIABILITIES (7,644 ) -
NET ASSETS 62,668 12,534

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 62,667 12,533
62,668 12,534

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

R.A.C.E CONTRACTS LTD (REGISTERED NUMBER: 11295691)

BALANCE SHEET - continued
30 APRIL 2025


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 director and authorised for issue on 1 July 2025 and were signed by:





M D O'Brien - Director


R.A.C.E CONTRACTS LTD (REGISTERED NUMBER: 11295691)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025


1. STATUTORY INFORMATION

R.A.C.E Contracts 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and Machinery20% Reducing Balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

R.A.C.E CONTRACTS LTD (REGISTERED NUMBER: 11295691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 42,290
At 30 April 2025 42,290
DEPRECIATION
Charge for year 8,458
At 30 April 2025 8,458
NET BOOK VALUE
At 30 April 2025 33,832

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/25 30/4/24
£    £   
Trade debtors 41,548 19,575
Other debtors 4,929 9,491
46,477 29,066

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/25 30/4/24
£    £   
Hire purchase contracts 8,356 -
Trade creditors - 5,000
Taxation and social security 13,186 14,579
Other creditors 2,810 2,170
24,352 21,749

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/25 30/4/24
£    £   
Hire purchase contracts 27,675 -

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed the director £199 (2024: £8 owed to company).

R.A.C.E CONTRACTS LTD (REGISTERED NUMBER: 11295691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


9. RELATED PARTY DISCLOSURES

During the period, R.A.C.E Contracts Ltd incurred costs amounting to £46,001 from R.A.C.E Contracts, a related party of R.A.C.E Contracts Ltd.