Racekit Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07026165

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		2,387		2,387
Tangible Assets	5		10,653		13,316

			13,040		15,703
CURRENT ASSETS
Stocks	6	76,615		135,875
Debtors	7	73,785		35,982
Cash at bank and in hand		751		1,651

		151,151		173,508
Creditors: Amounts Falling Due Within One Year	8	(965,633 )		(929,570 )

NET CURRENT ASSETS (LIABILITIES)			(814,482 )		(756,062 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(801,442 )		(740,359 )

Creditors: Amounts Falling Due After More Than One Year	9		249,398		249,398

NET LIABILITIES			(552,044 )		(490,961 )

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			(552,144 )		(491,061 )

SHAREHOLDERS' FUNDS			(552,044)		(490,961)

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Racekit Ltd

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 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 her 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

Mrs Rebeca Ehrnrooth

Director

27 July 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Racekit Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07026165 . The registered office is 59 Marlborough Mansions Cannon Hill, London, NW6 1JS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.

2.5. 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:

Plant & Machinery

20% reducing balance

2.6. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: )

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Racekit Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 October 2024	9,606	11,938	21,544

As at 30 September 2025	9,606	11,938	21,544

Amortisation
As at 1 October 2024	9,606	9,551	19,157

As at 30 September 2025	9,606	9,551	19,157

Net Book Value
As at 30 September 2025	-	2,387	2,387

As at 1 October 2024	-	2,387	2,387

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 October 2024	40,793

As at 30 September 2025	40,793

Depreciation
As at 1 October 2024	27,477
Provided during the period	2,663

As at 30 September 2025	30,140

Net Book Value
As at 30 September 2025	10,653

As at 1 October 2024	13,316

6. Stocks

	2025	2024
	£	£
Stock	76,615	135,875

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	6,496	5,082
Other debtors	67,289	30,900

	73,785	35,982

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Racekit Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	268,815	235,586
Bank loans and overdrafts	8,507	14,997
Other creditors	687,942	678,618
Taxation and social security	369	369

	965,633	929,570

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other creditors	(249,398)	(249,398)

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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