Registration number: 02291283

Ralspeed Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6

Ralspeed Limited

(Registration number: 02291283)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	66,250	6,550
Current assets
Stocks	5	45,135	104,577
Debtors	6	741,709	585,642
Cash at bank and in hand		84,808	67,151
		871,652	757,370
Creditors: Amounts falling due within one year	7	(449,465)	(489,438)
Net current assets		422,187	267,932
Total assets less current liabilities		488,437	274,482
Provisions for liabilities		(16,563)	(1,638)
Net assets		471,874	272,844
Capital and reserves
Called up share capital	8	138	138
Retained earnings		471,736	272,706
Shareholders' funds		471,874	272,844

For the financial year ending 31 March 2026 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; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account and directors’ report have not been delivered in accordance with the special provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 26 August 2026 and signed on its behalf by:
 

......................................... Mr P Schaffel Director

Ralspeed Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The address of its registered office is:
A1 Hurstwood Court
Mercer Way Shadsworth Bus Pk
Blackburn
Lancashire
BB1 2QU
England

These financial statements were authorised for issue by the Board on 26 August 2026.

The company is a private company limited by share capital, incorporated in England and Wales.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling, which is the functional currency of the company and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Ralspeed Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold property improvements	Over the term of the lease
Plant and machinery	50% straight line & 15% reducing balance
Office equipment	33% straight line
Motor vehicles	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Ralspeed Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee Benefits

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

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2025 - 18).

Ralspeed Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Tangible assets

	Office equipment £	Motor vehicles  £	Leasehold property improvements £	Plant and machinery £
Cost or valuation
At 1 April 2025	45,139	14,815	17,331	57,848
Additions	-	32,163	-	32,526
Disposals	-	(14,815)	-	-
At 31 March 2026	45,139	32,163	17,331	90,374
Depreciation
At 1 April 2025	42,332	13,703	17,331	55,217
Charge for the year	1,682	1,340	-	855
Eliminated on disposal	-	(13,703)	-	-
At 31 March 2026	44,014	1,340	17,331	56,072
Carrying amount
At 31 March 2026	1,125	30,823	-	34,302
At 31 March 2025	2,807	1,112	-	2,631

	Total £
Cost or valuation
At 1 April 2025	135,133
Additions	64,689
Disposals	(14,815)
At 31 March 2026	185,007
Depreciation
At 1 April 2025	128,583
Charge for the year	3,877
Eliminated on disposal	(13,703)
At 31 March 2026	118,757
Carrying amount
At 31 March 2026	66,250
At 31 March 2025	6,550

Ralspeed Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5

Stocks

	2026 £	2025 £
Other inventories	45,135	104,577

6

Debtors

Current	2026 £	2025 £
Trade debtors	277,641	564,706
Prepayments	21,739	20,936
Other debtors	442,329	-
	741,709	585,642

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	300,650	255,042
Taxation and social security	134,453	130,685
Accruals and deferred income	5,157	4,609
Other creditors	9,205	99,102
	449,465	489,438