Company registration number 05199607 (England and Wales)
The Racking Installation Company Limited
Unaudited Financial Statements
For the year ended 31 October 2025
The Racking Installation Company Limited
Company information
Director
Mr S Tsang
Company number
05199607
Registered office
Unit 1 Mercia Court
Smith's Way
Saxon Business Park
Stoke Prior
Bromsgrove
United Kingdom
B60 4GA
Accountants
DJH Halesowen Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT
The Racking Installation Company Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7
The Racking Installation Company Limited
Statement Of Financial Position
As at 31 October 2025
31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
67,019
54,816
Current assets
Stocks
4,700
4,700
Debtors
4
120,507
121,633
Cash at bank and in hand
13,697
20,303
138,904
146,636
Creditors: amounts falling due within one year
5
(62,239)
(82,227)
Net current assets
76,665
64,409
Total assets less current liabilities
143,684
119,225
Creditors: amounts falling due after more than one year
6
(19,207)
(13,362)
Provisions for liabilities
(10,510)
(13,710)
Net assets
113,967
92,153
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
112,967
91,153
Total equity
113,967
92,153
The Racking Installation Company Limited
Statement Of Financial Position (continued)
As at 31 October 2025
31 October 2025
- 2 -

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 16 June 2026
Mr S Tsang
Director
Company registration number 05199607 (England and Wales)
The Racking Installation Company Limited
Notes to the financial statements
For the year ended 31 October 2025
- 3 -
1
Accounting policies
Company information

The Racking Installation Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1 Mercia Court, Smith's Way, Saxon Business Park, Stoke Prior, Bromsgrove, United Kingdom, B60 4GA.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

The Racking Installation Company Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
1
Accounting policies
(Continued)
- 4 -
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% reducing balance
Fixtures and fittings
15% reducing balance
Computers
25% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

The Racking Installation Company Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
1
Accounting policies
(Continued)
- 5 -
1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Tangible fixed assets
The Racking Installation Company Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
3
Tangible fixed assets
(Continued)
- 6 -
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 November 2024
16,141
31,072
9,742
82,406
139,361
Additions
-
0
3,068
-
0
67,390
70,458
Disposals
-
0
-
0
-
0
(55,265)
(55,265)
At 31 October 2025
16,141
34,140
9,742
94,531
154,554
Depreciation and impairment
At 1 November 2024
10,380
17,776
9,032
47,357
84,545
Depreciation charged in the year
864
2,454
356
15,952
19,626
Eliminated in respect of disposals
-
0
-
0
-
0
(16,636)
(16,636)
At 31 October 2025
11,244
20,230
9,388
46,673
87,535
Carrying amount
At 31 October 2025
4,897
13,910
354
47,858
67,019
At 31 October 2024
5,761
13,296
710
35,049
54,816
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
79,530
113,727
Amounts owed by group undertakings
35,755
-
0
Other debtors
5,222
7,906
120,507
121,633
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
7,759
7,759
Trade creditors
2,703
3,644
Amounts owed to group undertakings
-
0
8,175
Corporation tax
28,716
32,575
Other taxation and social security
8,728
18,492
Other creditors
14,333
11,582
62,239
82,227
The Racking Installation Company Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
- 7 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,302
9,462
Other creditors
17,905
3,900
19,207
13,362
7
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

The balance due to the holding company at 31st October 2024 was £8,175 (due from in 2023 - £24,006).

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