RACKIT DIRECT LTD


Directors	FERGUSON, James Urquhart
	JENKINS, Thomas
	YATES, Douglas Andrew


Registered Address	10 Ailsa Road
	Ailsa Business Park
	Irvine
	KA12 8LN


Registered Number	SC660227 (Scotland)

Statement of Financial Position
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		146,827		138,513
Tangible assets	4		16,380		4,250
			163,207		142,763
Current assets
Debtors	5	1,146,215		832,748
Cash at bank and on hand		42,049		81,620
		1,188,264		914,368
Creditors amounts falling due within one year	6	(987,784)		(908,847)
Net current assets (liabilities)			200,480		5,521
Total assets less current liabilities			363,687		148,284
Net assets			363,687		148,284
Capital and reserves
Called up share capital			100		100
Profit and loss account			363,587		148,184
Shareholders' funds			363,687		148,284

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 31 July 2026, and are signed on its behalf by:

JENKINS, Thomas
Director
Registered Company No. SC660227

RACKIT DIRECT LTD

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Plant and machinery	6
	Office Equipment	6

2.	Average number of employees


		2025		2024
	Average number of employees during the year	15		8

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 November 24	173,142
	Additions	58,677
	Revaluations	(5,000)
	At 31 October 25	226,819
	Amortisation and impairment
	At 01 November 24	34,628
	Charge for year	45,364
	At 31 October 25	79,992
	Net book value
	At 31 October 25	146,827
	At 31 October 24	138,513

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 November 24	5,000
	Additions	15,153
	At 31 October 25	20,153
	Depreciation and impairment
	At 01 November 24	750
	Charge for year	3,023
	At 31 October 25	3,773
	Net book value
	At 31 October 25	16,380
	At 31 October 24	4,250

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	1,140,869	812,998
Other debtors	4,979	17,105
Prepayments and accrued income	367	2,645
Total	1,146,215	832,748

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	292,435	412,771
Bank borrowings and overdrafts	307,254	321,931
Taxation and social security	307,144	122,848
Other creditors	76,383	47,797
Accrued liabilities and deferred income	4,568	3,500
Total	987,784	908,847

7.	Creditors: amounts due after one year