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Registration number: 05363454

Razorback Industries Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

Razorback Industries Limited

Contents

Balance Sheet | 1 to 2
Notes to the Financial Statements | 3 to 6

Razorback Industries Limited

Registration number: 05363454
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 6 | 8
Current assets |  |  |
Cash at bank and in hand |  | 2 | 38
Creditors: Amounts falling due within one year | 5 | (47,111) | (44,437)
Net current liabilities |  | (47,109) | (44,399)
Total assets less current liabilities |  | (47,103) | (44,391)
Creditors: Amounts falling due after more than one year | 5 | (8,101) | (10,057)
Net liabilities |  | (55,204) | (54,448)
Capital and reserves |  |  |
Called up share capital | 6 | 2 | 2
Retained earnings |  | (55,206) | (54,450)
Shareholders' deficit |  | (55,204) | (54,448)

The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

Razorback Industries Limited

Registration number: 05363454
Balance Sheet as at 31 December 2024 (continued)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 October 2025

A J Steadman Director |  |

Razorback Industries Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Fritillary Drive
Wymondham
Norfolk
NR18 0XA
United Kingdom

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The continuation of the company's activities is dependent on the continued support of it's director. The financial statements have been prepared on the going concern basis on the understanding this support will continue.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Razorback Industries Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

2 | Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 20% Reducing balance
Fixtures, fittings and equipment | 25% Reducing balance
Office building | 2% Straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

Razorback Industries Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 January 2024 | 500 | 500
At 31 December 2024 | 500 | 500
Depreciation
At 1 January 2024 | 492 | 492
Charge for the year | 2 | 2
At 31 December 2024 | 494 | 494
Carrying amount
At 31 December 2024 | 6 | 6
At 31 December 2023 | 8 | 8

5 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Bank loans and overdrafts |  | 1,475 | 1,475
Trade creditors |  | 746 | 198
Directors loan account |  | 44,243 | 41,924
Taxation and social security |  | - | 37
Other creditors |  | 647 | 803
|  | 47,111 | 44,437

Razorback Industries Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

5 | Creditors (continued)

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings |  | 8,101 | 10,057

Current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 1,475 | 1,475

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings |  | 8,101 | 10,057

6 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £1 each | 2 | 2 | 2 | 2