Acorah Software Products - Accounts Production 16.5.460 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 04851918 Mr Mitchell Dixey Mr Richard Dixey Ms Marie Woolley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04851918 2024-07-31 04851918 2025-07-31 04851918 2024-08-01 2025-07-31 04851918 frs-core:CurrentFinancialInstruments 2025-07-31 04851918 frs-core:Non-currentFinancialInstruments 2025-07-31 04851918 frs-core:ComputerEquipment 2025-07-31 04851918 frs-core:ComputerEquipment 2024-08-01 2025-07-31 04851918 frs-core:ComputerEquipment 2024-07-31 04851918 frs-core:FurnitureFittings 2024-08-01 2025-07-31 04851918 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-07-31 04851918 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-01 2025-07-31 04851918 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 04851918 frs-core:MotorVehicles 2025-07-31 04851918 frs-core:MotorVehicles 2024-08-01 2025-07-31 04851918 frs-core:MotorVehicles 2024-07-31 04851918 frs-core:PlantMachinery 2025-07-31 04851918 frs-core:PlantMachinery 2024-08-01 2025-07-31 04851918 frs-core:PlantMachinery 2024-07-31 04851918 frs-core:ShareCapital 2025-07-31 04851918 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 04851918 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 04851918 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 04851918 frs-bus:SmallEntities 2024-08-01 2025-07-31 04851918 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 04851918 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 04851918 frs-bus:Director1 2024-08-01 2025-07-31 04851918 frs-bus:Director2 2024-08-01 2025-07-31 04851918 frs-bus:CompanySecretary1 2024-08-01 2025-07-31 04851918 frs-countries:EnglandWales 2024-08-01 2025-07-31 04851918 2023-07-31 04851918 2024-07-31 04851918 2023-08-01 2024-07-31 04851918 frs-core:CurrentFinancialInstruments 2024-07-31 04851918 frs-core:Non-currentFinancialInstruments 2024-07-31 04851918 frs-core:ShareCapital 2024-07-31 04851918 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: 04851918
Rackshelf UK Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
Nathan Stevenson Bookkeeping
97 Endon Road
Stoke on Trent
Staffordshire
ST6 8NL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04851918
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 7,100 7,100
Tangible Assets 4 288,077 268,149
295,177 275,249
CURRENT ASSETS
Stocks 5 55,000 55,000
Debtors 6 364,393 304,287
Cash at bank and in hand 313,795 227,729
733,188 587,016
Creditors: Amounts Falling Due Within One Year 7 (210,463 ) (160,895 )
NET CURRENT ASSETS (LIABILITIES) 522,725 426,121
TOTAL ASSETS LESS CURRENT LIABILITIES 817,902 701,370
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,004 ) (4,156 )
NET ASSETS 807,898 697,214
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 807,897 697,213
SHAREHOLDERS' FUNDS 807,898 697,214
Page 1
Page 2
For the year ending 31 July 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Dixey
Director
18/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rackshelf UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04851918 . The registered office is 31 Westacre, Stoke-On-Trent, ST1 6AF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold N/A
Plant & Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
Page 3
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2.5. Taxation - continued
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2024 246,273 15,000 33,001 2,499 296,773
Additions 1,790 20,750 21,120 695 44,355
Disposals - (8,500 ) (15,000 ) - (23,500 )
As at 31 July 2025 248,063 27,250 39,121 3,194 317,628
Depreciation
As at 1 August 2024 - 9,872 17,166 1,586 28,624
Provided during the period - 4,344 7,130 356 11,830
Disposals - (4,340 ) (6,563 ) - (10,903 )
As at 31 July 2025 - 9,876 17,733 1,942 29,551
Net Book Value
As at 31 July 2025 248,063 17,374 21,388 1,252 288,077
As at 1 August 2024 246,273 5,128 15,835 913 268,149
5. Stocks
2025 2024
£ £
Work in progress 55,000 55,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 20,662 8,568
Prepayments and accrued income 2,069 6,552
22,731 15,120
Due after more than one year
Other debtors 341,662 289,167
364,393 304,287
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 22,199 34,398
Bank loans and overdrafts 74 -
Corporation tax 45,098 9,027
VAT 10,404 4,179
Accruals and deferred income 997 5,187
Directors' loan accounts 131,691 108,104
210,463 160,895
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
2025 2024
£ £
Mr Mitchell Dixey 20,000 35,000
Mr Richard Dixey 20,816 36,428
10. Related Party Transactions
During the year the company loaned £341661 to another company controlled by a director. Market rate interest was not charged. This is recorded as other debtors.
11. Investment Property
There has been no valuation of investment property by an independent valuer as the directors don’t think there has been any significant variation in value.
Page 5