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REGISTERED NUMBER: 05029466 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 January 2024

for

RAPIER PAINTWORK LIMITED

RAPIER PAINTWORK LIMITED (REGISTERED NUMBER: 05029466)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAPIER PAINTWORK LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Robert Neil Anthony Tarr





REGISTERED OFFICE: Unit 1
Little George Street
Cleveland Street
KINGSTON UPON HULL
East Yorkshire
HU8 7AJ





REGISTERED NUMBER: 05029466 (England and Wales)





ACCOUNTANTS: G & C Professionals Limited
trading as Graham & Company
Chartered Certified Accountants
Cleveland House
1-10 Sitwell Street
KINGSTON UPON HULL
East Yorkshire
HU8 7BE

RAPIER PAINTWORK LIMITED (REGISTERED NUMBER: 05029466)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 783 90
784 91

CURRENT ASSETS
Stocks 6 2,420 1,800
Debtors 7 - 1,043
Cash at bank 971 286
3,391 3,129
CREDITORS
Amounts falling due within one year 8 2,784 1,708
NET CURRENT ASSETS 607 1,421
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,391

1,512

CREDITORS
Amounts falling due after more than one
year

9

1,000

5,000
NET ASSETS/(LIABILITIES) 391 (3,488 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 291 (3,588 )
SHAREHOLDERS' FUNDS 391 (3,488 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

RAPIER PAINTWORK LIMITED (REGISTERED NUMBER: 05029466)

Balance Sheet - continued
31 January 2024


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 24 April 2024 and were signed by:





Robert Neil Anthony Tarr - Director


RAPIER PAINTWORK LIMITED (REGISTERED NUMBER: 05029466)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

RAPIER PAINTWORK 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.

The financial statements have been prepared on a going concern basis which assumes the continued
support of the director as explained in the Creditors note.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 equipment - 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


RAPIER PAINTWORK LIMITED (REGISTERED NUMBER: 05029466)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 10,000
AMORTISATION
At 1 February 2023
and 31 January 2024 9,999
NET BOOK VALUE
At 31 January 2024 1
At 31 January 2023 1

5. TANGIBLE FIXED ASSETS
Plant and
equipment
£   
COST
At 1 February 2023 4,238
Additions 755
At 31 January 2024 4,993
DEPRECIATION
At 1 February 2023 4,148
Charge for year 62
At 31 January 2024 4,210
NET BOOK VALUE
At 31 January 2024 783
At 31 January 2023 90

RAPIER PAINTWORK LIMITED (REGISTERED NUMBER: 05029466)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. STOCKS
2024 2023
£    £   
Materials 1,820 1,800
Work in progress 600 -
2,420 1,800

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,040
Other debtors - 3
- 1,043

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 243 337
Corporation tax 745 61
Social security and other taxes 238 -
Directors' loan accounts 610 410
Accrued expenses 948 900
2,784 1,708

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Directors loan account 1,000 5,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 February 2023 (3,588 )
Profit for the year 3,879
At 31 January 2024 291