Company Registration No. 06950311 (England and Wales)
Rapid Edging Limited
Unaudited accounts
for the year ended 30 June 2023
Rapid Edging Limited
Unaudited accounts
Contents
Rapid Edging Limited
Company Information
for the year ended 30 June 2023
Company Number
06950311 (England and Wales)
Registered Office
3 ROBIN WALK
TIVERTON
DEVON
EX16 6WS
Accountants
Monksilver GP Ltd
The Old Schoolhouse
Monksilver
Taunton
Somerset
TA4 4HY
Rapid Edging Limited
Accountants' report
Accountants' report to the director of Rapid Edging Limited on the preparation of the unaudited statutory accounts for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Rapid Edging Limited for the year ended
30 June 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Rapid Edging Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Rapid Edging Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rapid Edging Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Rapid Edging Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Rapid Edging Limited. You consider that Rapid Edging Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Rapid Edging Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Monksilver GP Ltd
The Old Schoolhouse
Monksilver
Taunton
Somerset
TA4 4HY
11 March 2024
Rapid Edging Limited
Statement of financial position
as at 30 June 2023
Tangible assets
3,141
3,831
Cash at bank and in hand
4,527
4,418
Creditors: amounts falling due within one year
(9,567)
(5,759)
Net current assets
4,132
154
Total assets less current liabilities
7,273
3,985
Creditors: amounts falling due after more than one year
-
(1,615)
Called up share capital
1
1
Profit and loss account
7,272
2,369
Shareholders' funds
7,273
2,370
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 March 2024 and were signed on its behalf by
Farren White
Director
Company Registration No. 06950311
Rapid Edging Limited
Notes to the Accounts
for the year ended 30 June 2023
Rapid Edging Limited is a private company, limited by shares, registered in England and Wales, registration number 06950311. The registered office is 3 ROBIN WALK, TIVERTON, DEVON, EX16 6WS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2022
6,827
2,722
9,549
At 30 June 2023
6,827
2,722
9,549
At 1 July 2022
2,996
2,722
5,718
Charge for the year
690
-
690
At 30 June 2023
3,686
2,722
6,408
At 30 June 2023
3,141
-
3,141
At 30 June 2022
3,831
-
3,831
Amounts falling due within one year
Rapid Edging Limited
Notes to the Accounts
for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
6,854
4,741
Loans from directors
1,615
-
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
303
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).