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 08154224 Mr Ryan Currier iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08154224 2024-07-31 08154224 2025-07-31 08154224 2024-08-01 2025-07-31 08154224 frs-core:CurrentFinancialInstruments 2025-07-31 08154224 frs-core:ComputerEquipment 2025-07-31 08154224 frs-core:ComputerEquipment 2024-08-01 2025-07-31 08154224 frs-core:ComputerEquipment 2024-07-31 08154224 frs-core:FurnitureFittings 2025-07-31 08154224 frs-core:FurnitureFittings 2024-08-01 2025-07-31 08154224 frs-core:FurnitureFittings 2024-07-31 08154224 frs-core:ShareCapital 2025-07-31 08154224 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 08154224 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 08154224 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 08154224 frs-bus:SmallEntities 2024-08-01 2025-07-31 08154224 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 08154224 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 08154224 frs-bus:Director1 2024-08-01 2025-07-31 08154224 frs-countries:EnglandWales 2024-08-01 2025-07-31 08154224 2023-07-31 08154224 2024-07-31 08154224 2023-08-01 2024-07-31 08154224 frs-core:CurrentFinancialInstruments 2024-07-31 08154224 frs-core:ShareCapital 2024-07-31 08154224 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: 08154224
Radial Racing UK Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08154224
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 446 589
446 589
CURRENT ASSETS
Stocks 5 50,905 42,303
Debtors 6 12,662 17,698
Cash at bank and in hand 63,895 62,693
127,462 122,694
Creditors: Amounts Falling Due Within One Year 7 (16,654 ) (17,609 )
NET CURRENT ASSETS (LIABILITIES) 110,808 105,085
TOTAL ASSETS LESS CURRENT LIABILITIES 111,254 105,674
PROVISIONS FOR LIABILITIES
Deferred Taxation (85 ) (117 )
NET ASSETS 111,169 105,557
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 111,168 105,556
SHAREHOLDERS' FUNDS 111,169 105,557
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 member has 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.
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 Ryan Currier
Director
29 October 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Radial Racing UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08154224 . The registered office is 4 Isle Lane Business Park, Bicton, Shrewsbury, Shropshire, SY3 8DY.
The financial statements are presented in pound sterling (£) and rounded to the nearest whole £.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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.
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.
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:
Fixtures & Fittings 15% Straight line
Computer Equipment 25% Straight line
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. 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.
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2024 366 1,549 1,915
Additions - 256 256
As at 31 July 2025 366 1,805 2,171
Depreciation
As at 1 August 2024 366 960 1,326
Provided during the period - 399 399
As at 31 July 2025 366 1,359 1,725
Net Book Value
As at 31 July 2025 - 446 446
As at 1 August 2024 - 589 589
5. Stocks
2025 2024
£ £
Stock 50,905 42,303
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 11,625 17,148
Other debtors 1,037 550
12,662 17,698
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 13,971 12,583
Other creditors 1,156 896
Taxation and social security 1,527 4,130
16,654 17,609
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
9. Transactions with a Director
Page 4
Page 5
There is a balance of £260.00 owed to the Director by the company as at the balance sheet date, this is repayable on demand and is non interest bearing. 
Page 5