Company Registration No. 13420153 (England and Wales)
Racer Pictures Ltd
Unaudited accounts
for the year ended 31 May 2025
Racer Pictures Ltd
Unaudited accounts
Contents
Racer Pictures Ltd
Company Information
for the year ended 31 May 2025
Directors
Alvy Vincent
J C Walker
Company Number
13420153 (England and Wales)
Registered Office
203 West Street
Fareham
Hampshire
PO16 0EN
United Kingdom
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
Racer Pictures Ltd
Statement of financial position
as at 31 May 2025
Cash at bank and in hand
1,288
178
Creditors: amounts falling due within one year
(24,689)
(3,543)
Net current assets/(liabilities)
671
(580)
Called up share capital
20
20
Profit and loss account
819
714
Shareholders' funds
839
734
For the year ending 31 May 2025 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 24 July 2025 and were signed on its behalf by
Alvy Vincent
Director
Company Registration No. 13420153
Racer Pictures Ltd
Notes to the Accounts
for the year ended 31 May 2025
Racer Pictures Ltd is a private company, limited by shares, registered in England and Wales, registration number 13420153. The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN, United Kingdom.
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:
Computer equipment
33 % Straight Line
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
24,072
2,785
Racer Pictures Ltd
Notes to the Accounts
for the year ended 31 May 2025
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
4,433
2,472
Loans from directors
12,841
400
Allotted, called up and fully paid:
20 Ordinary shares of £1 each
20
20
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
4,701
(16,017)
(12,787)
1,471
Director's Loan Account
(5,101)
(16,267)
(7,055)
(14,313)
(400)
(32,284)
(19,842)
(12,842)
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).