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Registered Number: 11812635
England and Wales
RACESOFT LTD
Abridged Accounts
Period of accounts Start date: 01 April 2024 End date: 31 March 2025

RACESOFT LTD Contents Page For the year ended 31 March 2025
Statement of financial position | 1

RACESOFT LTD Statement of Financial Position As at 31 March 2025
|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ | £ |  | £ | £
Fixed assets |  |  | 37,003 |  |  | 45,126
Current assets |  | 189,508 |  |  | 209,766 |
Creditors: amount falling due within one year |  | (11,377) |  |  | (21,133) |
Net current assets |  |  | 178,131 |  |  | 188,633
Total assets less current liabilities |  |  | 215,134 |  |  | 233,759
Net assets |  |  | 215,134 |  |  | 233,759
Capital and reserves |  |  | 215,134 |  |  | 233,759
NOTES TO THE ACCOUNTS General Information RACESOFT LTD is a private company, limited by shares, registered in England and Wales, registration number 11812635, registration address 395 Shenley Road,, Borehamwood, WD6 1TW. The presentation currency is £ sterling.
1. | Accounting policies Significant accounting policies Statement of compliance These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Basis of preparation The financial statements have been prepared under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the company. Going concern basis The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements. Turnover Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Tangible fixed assets Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles | 18 Reducing Balance
2. | Tangible fixed assets
Cost or valuation | Motor Vehicles |  | Total
| £ |  | £
At 01 April 2024 | 55,140 |  | 55,140
Additions | - |  | -
Disposals | - |  | -
At 31 March 2025 | 55,140 |  | 55,140
Depreciation
At 01 April 2024 | 10,014 |  | 10,014
Charge for year | 8,123 |  | 8,123
On disposals | - |  | -
At 31 March 2025 | 18,137 |  | 18,137
Net book values
Closing balance as at 31 March 2025 | 37,003 |  | 37,003
Opening balance as at 01 April 2024 | 45,126 |  | 45,126
3. | Average number of employees Average number of employees during the year was 1 (2024 : 2).
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors' 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. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies. The members have agreed to the preparation of abridged accounts. The financial statements were approved by the board of directors on 25 December 2025 and were signed on its behalf by:
-------------------------------- JASTHI Venkata Lakshmi Suneeta Director
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