RAPID FIRE SERVICES LIMITED

Company Registration Number:
SC171186 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2022

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

RAPID FIRE SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2022

Balance sheet
Notes

RAPID FIRE SERVICES LIMITED

Balance sheet

As at 31 March 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 195,198 191,488
Total fixed assets: 195,198 191,488
Current assets
Stocks: 33,834 39,132
Debtors:   616,672 494,357
Cash at bank and in hand: 44,771 69,403
Total current assets: 695,277 602,892
Creditors: amounts falling due within one year: 4 (519,934) (440,153)
Net current assets (liabilities): 175,343 162,739
Total assets less current liabilities: 370,541 354,227
Creditors: amounts falling due after more than one year: 5 (65,648) (75,960)
Total net assets (liabilities): 304,893 278,267
Capital and reserves
Called up share capital: 6,000 6,000
Share premium account: 106,000 106,000
Profit and loss account: 192,893 166,267
Shareholders funds: 304,893 278,267

The notes form part of these financial statements

RAPID FIRE SERVICES LIMITED

Balance sheet statements

For the year ending 31 March 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 10 August 2022
and signed on behalf of the board by:

Name: Derek Taylor
Status: Director

The notes form part of these financial statements

RAPID FIRE SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

RAPID FIRE SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

2. Employees

2022 2021
Average number of employees during the period 14 14

RAPID FIRE SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

3. Tangible Assets

Total
Cost £
At 01 April 2021 414,899
Additions 48,095
Disposals (28,857)
At 31 March 2022 434,137
Depreciation
At 01 April 2021 223,411
Charge for year 39,822
On disposals (24,294)
At 31 March 2022 238,939
Net book value
At 31 March 2022 195,198
At 31 March 2021 191,488

RAPID FIRE SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

4. Creditors: amounts falling due within one year note

2022 2021Note £ £Bank loan 10,000 7,500Bank overdraft 219,879 98,153Hire purchase creditors 36,322 29,683Trade creditors 166,720 148,842Amounts due to related company 7,807 -Corporation tax 18,855 19,482PAYE and VAT 39,454 108,612Other creditors 20,897 27,881519,934 440,153

RAPID FIRE SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

5. Creditors: amounts falling due after more than one year note

2022 2021Note £ £Bank loan 32,500 42,500Hire purchase creditors 33,148 33,49665,648 75,996