IRIS Accounts Production v22.2.0.402 11750456 Board of Directors Board of Directors 1.2.21 31.1.22 31.1.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure117504562021-01-31117504562022-01-31117504562021-02-012022-01-31117504562020-01-31117504562020-02-012021-01-31117504562021-01-3111750456ns16:EnglandWales2021-02-012022-01-3111750456ns15:PoundSterling2021-02-012022-01-3111750456ns11:Director12021-02-012022-01-3111750456ns11:Director22021-02-012022-01-3111750456ns11:PrivateLimitedCompanyLtd2021-02-012022-01-3111750456ns11:SmallEntities2021-02-012022-01-3111750456ns11:AuditExempt-NoAccountantsReport2021-02-012022-01-3111750456ns11:SmallCompaniesRegimeForDirectorsReport2021-02-012022-01-3111750456ns11:SmallCompaniesRegimeForAccounts2021-02-012022-01-3111750456ns11:FullAccounts2021-02-012022-01-3111750456ns11:RegisteredOffice2021-02-012022-01-3111750456ns6:CurrentFinancialInstruments2022-01-3111750456ns6:CurrentFinancialInstruments2021-01-3111750456ns6:Non-currentFinancialInstruments2022-01-3111750456ns6:Non-currentFinancialInstruments2021-01-3111750456ns6:ShareCapital2022-01-3111750456ns6:ShareCapital2021-01-3111750456ns6:RetainedEarningsAccumulatedLosses2022-01-3111750456ns6:RetainedEarningsAccumulatedLosses2021-01-3111750456ns6:PlantMachinery2021-02-012022-01-3111750456ns6:PlantMachinery2021-01-3111750456ns6:PlantMachinery2022-01-3111750456ns6:PlantMachinery2021-01-3111750456ns6:WithinOneYearns6:CurrentFinancialInstruments2022-01-3111750456ns6:WithinOneYearns6:CurrentFinancialInstruments2021-01-3111750456ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-01-3111750456ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2021-01-3111750456ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-01-3111750456ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2021-01-31
REGISTERED NUMBER: 11750456 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

FOR

RAPID ROPE ACCESS LIMITED

RAPID ROPE ACCESS LIMITED (REGISTERED NUMBER: 11750456)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAPID ROPE ACCESS LIMITED

COMPANY INFORMATION
For The Year Ended 31 January 2022







DIRECTORS: K Letchford
PA Rance





REGISTERED OFFICE: 43 Kingsley Avenue
Dartford
Kent
DA1 5DH





REGISTERED NUMBER: 11750456 (England and Wales)





ACCOUNTANTS: Robsons Accountants
19 Montpelier Avenue
Bexley
Kent
DA5 3AP

RAPID ROPE ACCESS LIMITED (REGISTERED NUMBER: 11750456)

BALANCE SHEET
31 January 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 24,465 11,111

CURRENT ASSETS
Debtors 5 70,210 20,235
Cash at bank 75,606 32,530
145,816 52,765
CREDITORS
Amounts falling due within one year 6 (87,920 ) (37,412 )
NET CURRENT ASSETS 57,896 15,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,361

26,464

CREDITORS
Amounts falling due after more than one
year

7

(6,833

)

(8,000

)
NET ASSETS 75,528 18,464

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 75,428 18,364
SHAREHOLDERS' FUNDS 75,528 18,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RAPID ROPE ACCESS LIMITED (REGISTERED NUMBER: 11750456)

BALANCE SHEET - continued
31 January 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2022 and were signed on its behalf by:




K Letchford - Director



PA Rance - Director


RAPID ROPE ACCESS LIMITED (REGISTERED NUMBER: 11750456)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2022

1. STATUTORY INFORMATION

Rapid Rope Access Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

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.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 tax
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 have been enacted or substantively enacted by the year end 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
We have assessed whether the going concern basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. This assessment has been required in light of the significant uncertainty around the short to medium term impact of the spread of the Covid-19 virus.

At the time of approving the financial statements the directors believe that all appropriate measures have been or will be taken to ensure that the company will be able to continue its operations for at least the next twelve months and thus conclude that the going concern basis remains appropriate.

RAPID ROPE ACCESS LIMITED (REGISTERED NUMBER: 11750456)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2021 13,103
Additions 17,048
At 31 January 2022 30,151
DEPRECIATION
At 1 February 2021 1,992
Charge for year 3,694
At 31 January 2022 5,686
NET BOOK VALUE
At 31 January 2022 24,465
At 31 January 2021 11,111

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 52,395 16,006
Tax 17,815 4,229
70,210 20,235

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 2,000 2,000
Trade creditors 9,646 -
Tax 28,181 9,969
VAT 30,299 9,916
Directors' current accounts 15,899 14,494
Accrued expenses 1,895 1,033
87,920 37,412

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 1-2 years 2,000 2,000
Bank loans - 2-5 years 4,833 6,000
6,833 8,000