IRIS Accounts Production v24.1.9.2 12893744 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh128937442022-12-31128937442023-12-31128937442023-01-012023-12-31128937442021-09-30128937442021-10-012022-12-31128937442022-12-3112893744ns15:EnglandWales2023-01-012023-12-3112893744ns14:PoundSterling2023-01-012023-12-3112893744ns10:Director12023-01-012023-12-3112893744ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3112893744ns10:SmallEntities2023-01-012023-12-3112893744ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3112893744ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3112893744ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3112893744ns10:FullAccounts2023-01-012023-12-3112893744ns10:CompanySecretary12023-01-012023-12-3112893744ns10:RegisteredOffice2023-01-012023-12-3112893744ns5:CurrentFinancialInstruments2023-12-3112893744ns5:CurrentFinancialInstruments2022-12-3112893744ns5:ShareCapital2023-12-3112893744ns5:ShareCapital2022-12-3112893744ns5:RetainedEarningsAccumulatedLosses2023-12-3112893744ns5:RetainedEarningsAccumulatedLosses2022-12-3112893744ns5:PlantMachinery2023-01-012023-12-3112893744ns5:MotorVehicles2023-01-012023-12-3112893744ns5:LandBuildings2022-12-3112893744ns5:PlantMachinery2022-12-3112893744ns5:MotorVehicles2022-12-3112893744ns5:LandBuildings2023-01-012023-12-3112893744ns5:LandBuildings2023-12-3112893744ns5:PlantMachinery2023-12-3112893744ns5:MotorVehicles2023-12-3112893744ns5:LandBuildings2022-12-3112893744ns5:PlantMachinery2022-12-3112893744ns5:MotorVehicles2022-12-3112893744ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3112893744ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 12893744 (England and Wales)















RAPID GROUP SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






RAPID GROUP SERVICES LIMITED (REGISTERED NUMBER: 12893744)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


RAPID GROUP SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: S Chester





SECRETARY:





REGISTERED OFFICE: Riverside House
Moody Lane
Grimsby
N E Lincolnshire
DN31 2SY





REGISTERED NUMBER: 12893744 (England and Wales)

RAPID GROUP SERVICES LIMITED (REGISTERED NUMBER: 12893744)

BALANCE SHEET
31ST DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,116,416 635,003

CURRENT ASSETS
Debtors 5 76,922 279,551
Cash at bank and in hand 115,469 177,016
192,391 456,567
CREDITORS
Amounts falling due within one year 6 344,060 383,840
NET CURRENT (LIABILITIES)/ASSETS (151,669 ) 72,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

964,747

707,730

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 964,746 707,729
964,747 707,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 20th August 2024 and were signed by:





S Chester - Director


RAPID GROUP SERVICES LIMITED (REGISTERED NUMBER: 12893744)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Rapid Group Services 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 - 25% on cost
Motor vehicles - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

RAPID GROUP SERVICES LIMITED (REGISTERED NUMBER: 12893744)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st January 2023 198,200 204,395 352,122 754,717
Additions 314,238 272,000 - 586,238
At 31st December 2023 512,438 476,395 352,122 1,340,955
DEPRECIATION
At 1st January 2023 - 34,945 84,769 119,714
Charge for year - 86,107 18,718 104,825
At 31st December 2023 - 121,052 103,487 224,539
NET BOOK VALUE
At 31st December 2023 512,438 355,343 248,635 1,116,416
At 31st December 2022 198,200 169,450 267,353 635,003

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 76,922 279,551

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 79,135 191,089
Taxation and social security 36,809 45,895
Other creditors 228,116 146,856
344,060 383,840