REGISTERED NUMBER: 04514007 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st August 2025

for

THE RACK PEOPLE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs H L Bignell

REGISTERED OFFICE:

Cathedral House

5 Beacon Street

Lichfield

Staffordshire

WS13 7AA

REGISTERED NUMBER:

04514007 (England and Wales)

FIXED ASSETS

Tangible assets

4

6,747

6,719

CURRENT ASSETS

Stocks

4,577

55,798

Debtors

5

164,644

133,294

Cash at bank

189,836

146,582

359,057

335,674

CREDITORS

Amounts falling due within one year

6

107,400

123,139

NET CURRENT ASSETS

251,657

212,535

TOTAL ASSETS LESS CURRENT LIABILITIES

258,404

219,254

CAPITAL AND RESERVES

Called up share capital

134

134

Share premium

47,513

47,513

Capital redemption reserve

2,080

2,080

Retained earnings

208,677

169,527

258,404

219,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 29th September 2025 and were signed by:

Mrs H L Bignell - Director

1.	STATUTORY INFORMATION

The Rack People Limited 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st September 2024

13,439

Additions

2,083

At 31st August 2025

15,522

DEPRECIATION

At 1st September 2024

6,720

Charge for year

2,055

At 31st August 2025

8,775

NET BOOK VALUE

At 31st August 2025

6,747

At 31st August 2024

6,719

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

53,104

32,819

Amounts owed by group undertakings

105,000

89,069

Other debtors

6,540

11,406

164,644

133,294

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

51,979

86,816

Taxation and social security

9,079

9,236

Other creditors

46,342

27,087

107,400

123,139

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2025 and 31st August 2024:

31.8.25

31.8.24

£

£

Mrs H L Bignell

Balance outstanding at start of year

(1,338

)

-

Amounts advanced

(218

)

(1,338

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,556

)

(1,338

)