Company registration number: 04299878
Annual report and unaudited financial statements
for the year ended 31 December 2025
for
Rasco Limited
Pages for filing with the Registrar
Company registration number: 04299878
Rasco Limited
Balance sheet
as at 31 December 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 8,555 799
8,555 799
Current assets
Debtors 5 3,475 2,772
Cash at bank and in hand 14,987 57,092
18,462 59,864
Creditors: amounts falling due within one year
6 (22,234) (56,200)
Net current (liabilities)/assets (3,772) 3,664
Total assets less current liabilities 4,783 4,463
Creditors: Amounts falling due after more than one year
- (6,150)
Provisions for liabilities (510) (341)
NET ASSETS/(LIABILITIES) 4,273 (2,028)
Capital and reserves
Called up share capital 4 4
Profit and loss account 4,269 (2,032)
TOTAL EQUITY 4,273 (2,028)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 04299878
Rasco Limited
Balance sheet - continued
as at 31 December 2025
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 1 July 2026 and signed on its behalf by:
Mr A Sayers, Director Mrs T Sayers, Director
1 July 2026 1 July 2026
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Rasco Limited
Notes to the financial statements
for the year ended 31 December 2025
1 Company information
Rasco Limited is a private company registered in England and Wales. Its registered number is 04299878. The company is limited by shares. Its registered office is 5 Gurney Lane, Norwich, Norfolk, NR4 7SB.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 10%, 20% and 25%
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Rasco Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
2 Accounting policies - continued
Financial instruments
Financial Instruments Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument. Basic Financial Assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price. Basic Financial Liabilities Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Equity Instruments Equity instruments issued by the company are recorded at the proceeds received. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.









Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 2 (2024 - 2).
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Rasco Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
4 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 January 2025 18,397
Additions 8,710
At 31 December 2025 27,107
Depreciation
At 1 January 2025 17,598
Charge for year 954
At 31 December 2025 18,552
Net book value
At 31 December 2025 8,555
At 31 December 2024 799
5 Debtors
2025 2024
£ £
Trade debtors - 602
Directors' loan accounts 2,658 1,429
Other debtors 539 437
Prepayments and accrued income 278 304
3,475 2,772
6 Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 6,150 8,200
Taxation 11,844 43,160
VAT payable 3,562 4,122
Accruals and deferred income 678 718
22,234 56,200
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Rasco Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
7 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024.
2025 2024
£ £
Aidan Sayers
Balance outstanding at start of year 1,429 (16,368)
Amounts advanced 26,632 62,229
Amounts repaid (25,404) (44,432)
Balance outstanding at end of year 2,658 1,429
During the year the directors loan account of Aidan Sayers was overdrawn. The loan account was unsecured and repayable on demand. Interest was charged at the rate of 2.25% and 3.75% ( 2% and 2.25% in 2024).
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