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REGISTERED NUMBER: 12136222 (England and Wales)















Financial Statements for the Year Ended 30 August 2023

for

DT Rapid Holdings Limited

DT Rapid Holdings Limited (Registered number: 12136222)






Contents of the Financial Statements
for the Year Ended 30 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DT Rapid Holdings Limited

Company Information
for the Year Ended 30 August 2023







DIRECTOR: D W Taylor





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 12136222 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

DT Rapid Holdings Limited (Registered number: 12136222)

Balance Sheet
30 August 2023

30.8.23 30.8.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 852,766 852,766

CURRENT ASSETS
Debtors 5 1,012,395 452,677
Cash at bank 79,744 180,005
1,092,139 632,682
CREDITORS
Amounts falling due within one year 6 4,473 171,943
NET CURRENT ASSETS 1,087,666 460,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,940,432

1,313,505

CAPITAL AND RESERVES
Called up share capital 240 240
Share premium 635,077 635,077
Retained earnings 1,305,115 678,188
1,940,432 1,313,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 17 April 2024 and were signed by:




D W Taylor - Director


DT Rapid Holdings Limited (Registered number: 12136222)

Notes to the Financial Statements
for the Year Ended 30 August 2023

1. STATUTORY INFORMATION

DT Rapid Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

.

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.


DT Rapid Holdings Limited (Registered number: 12136222)

Notes to the Financial Statements - continued
for the Year Ended 30 August 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS

30.8.23 30.8.22
£    £   
Shares in group undertakings 635,177 635,177
Other loans 217,589 217,589
852,766 852,766

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 31 August 2022
and 30 August 2023 635,177
NET BOOK VALUE
At 30 August 2023 635,177
At 30 August 2022 635,177
Other
loans
£   
At 31 August 2022
and 30 August 2023 217,589

DT Rapid Holdings Limited (Registered number: 12136222)

Notes to the Financial Statements - continued
for the Year Ended 30 August 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.8.23 30.8.22
£    £   
Other debtors 1,012,395 452,677

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.8.23 30.8.22
£    £   
Taxation and social security 3,284 269
Other creditors 1,189 171,674
4,473 171,943

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Mr D Taylor, a director operates a current account to which transactions of a private nature are charged. Included in debtors at 30th August 2023 is £117,278 owed to the company. The loan is repayable on demand and includes interest at 2% and 2.25%.