Racing-Systems.Co.Uk Limited
04951721
Some Concerns
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/03/2025
total exemption full
Next accounts due
31/12/2026
Confirmation statement
Last: 13/12/2025
Due 27/12/2026
Industry
Officers
Former
corporate secretary · Resigned 03/11/2003
corporate director · Resigned 03/11/2003
Persons with Significant Control
Mr Michael Laughlin Mcguiggan
Irish · Northern Ireland · Age 56
31, Ardmore Avenue, Belfast, BT7 3HD
Notified 06/04/2016
Change History
Active
Private Limited Company
C/O ELLIOT WOOLFE & ROSE DEVONSHIRE HOUSE
STANMORE
CompanyRankvs 18024+ SIC 62090 peers52
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
of racing-systems.co.uk believe there is no material uncertainty over the company's ability to meet its ongoing obligations. Accordingly, Racing-systems.co.uk Limited continues to adopt the going concern basis in preparing the financial statements. Tangible fixed assets and depreciation Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided
Key FinancialsYear ending 31/03/2025
Net Worth
£86k
Balance sheet strength
Cash
£65k
Cash in the bank
Net Current Assets
-£15k
Working capital
Current Assets
—
Current Liabilities
£80k
Fixed Assets
£109k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | — | -£23k |
| 2024 | — | -£12k |
| 2023 | — | -£43k |
| 2022 | — | -£20k |
| 2021 | — | -£25k |
| 2019 | 12.91 | — |
Derived from filed accounts. Not audited figures.