Company Registration No. 07972188 (England and Wales)
RAK ACCOUNTING SOLUTIONS LIMITED
Unaudited accounts
for the year ended 31 March 2025
RAK ACCOUNTING SOLUTIONS LIMITED
Unaudited accounts
Contents
RAK ACCOUNTING SOLUTIONS LIMITED
Company Information
for the year ended 31 March 2025
Company Number
07972188 (England and Wales)
Registered Office
11
Louvaine Close
Manchester
Lancashire
M18 8SJ
Ghana
Accountants
NII OTU QUAYE FFA/FIPA
RAK ACCOUNTING SOLUTIONS LTD
17 WENTWORTH AVENUE
MANCHESTER
LANCASHIRE
M18 8RD
RAK ACCOUNTING SOLUTIONS LIMITED
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
8,291
17,004
Creditors: amounts falling due within one year
(34,294)
(23,295)
Net current (liabilities)/assets
(26,003)
16,466
Total assets less current liabilities
14,297
16,891
Creditors: amounts falling due after more than one year
(18,375)
(21,875)
Net liabilities
(4,078)
(4,984)
Called up share capital
100
100
Profit and loss account
(4,178)
(5,084)
Shareholders' funds
(4,078)
(4,984)
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 10 October 2025 and were signed on its behalf by
Nii Otu Quaye
Director
Company Registration No. 07972188
RAK ACCOUNTING SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 31 March 2025
RAK ACCOUNTING SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07972188. The registered office is 11, Louvaine Close, Manchester, Lancashire, M18 8SJ, Ghana.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2024
4,160
1,700
5,860
At 31 March 2025
4,160
1,700
5,860
At 1 April 2024
4,160
1,275
5,435
Charge for the year
-
425
425
At 31 March 2025
4,160
1,700
5,860
At 31 March 2024
-
425
425
RAK ACCOUNTING SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 31 March 2025
5
Investments
Other investments
Valuation at 1 April 2024
-
Valuation at 31 March 2025
40,300
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
2,277
3,154
Other creditors
2,508
6,384
Loans from directors
22,233
3,613
8
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).