Company Registration No. 05003455 (England and Wales)
Racksafe Solutions Limited
Unaudited accounts
for the year ended 28 December 2024
Racksafe Solutions Limited
Unaudited accounts
Contents
Racksafe Solutions Limited
Company Information
for the year ended 28 December 2024
Directors
M Handley
C Perry
Company Number
05003455 (England and Wales)
Registered Office
6 St. Albans Hill
Hemel Hempstead
Hertfordshire
HP3 9NG
England
Accountants
Vision4 Accountancy & Tax Solutions Limited
148 Toms Lane
Kings Langley
Hertfordshire
WD4 8NZ
Racksafe Solutions Limited
Statement of financial position
as at 28 December 2024
Tangible assets
22,238
32,527
Cash at bank and in hand
50,245
6,060
Creditors: amounts falling due within one year
(213,853)
(159,644)
Net current assets
35,635
18,986
Total assets less current liabilities
57,877
51,517
Creditors: amounts falling due after more than one year
(1,835)
(24,883)
Called up share capital
10
10
Profit and loss account
56,032
26,624
Shareholders' funds
56,042
26,634
For the year ending 28 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 16 September 2025 and were signed on its behalf by
M Handley
Director
Company Registration No. 05003455
Racksafe Solutions Limited
Notes to the Accounts
for the year ended 28 December 2024
Racksafe Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 05003455. The registered office is 6 St. Albans Hill, Hemel Hempstead, Hertfordshire, HP3 9NG, 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:
Motor vehicles
20% straight line
Fixtures & fittings
20% straight line
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 29 December 2023
81,172
9,166
90,338
At 28 December 2024
81,172
11,165
92,337
At 29 December 2023
52,104
5,707
57,811
Charge for the year
10,835
1,453
12,288
At 28 December 2024
62,939
7,160
70,099
At 28 December 2024
18,233
4,005
22,238
At 28 December 2023
29,068
3,459
32,527
5
Investments
Subsidiary undertakings
Valuation at 29 December 2023
4
Valuation at 28 December 2024
4
Racksafe Solutions Limited
Notes to the Accounts
for the year ended 28 December 2024
Amounts falling due within one year
Trade debtors
76,206
64,061
Accrued income and prepayments
-
20,080
Other debtors
123,037
88,429
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
13,312
27,388
Obligations under finance leases and hire purchase contracts
10,495
11,595
Trade creditors
56,919
24,527
Taxes and social security
47,811
63,534
Other creditors
9,051
12,854
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
1,835
10,670
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loans to directors
66,115
25,875
-
91,990
Interest is charged on the outstanding loans to directors at HMRC prescribed rates for beneficial loans.
10
Average number of employees
During the year the average number of employees was 4 (2023: 3).