THE RAPID RESULTS COLLEGE LIMITED

Company Registration Number:
02874974 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

THE RAPID RESULTS COLLEGE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

THE RAPID RESULTS COLLEGE LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 367,001 289,988
Tangible assets: 4 27,289 22,297
Total fixed assets: 394,290 312,285
Current assets
Stocks: 10,417 7,369
Debtors:   826,451 776,482
Cash at bank and in hand: 2,254,134 2,395,186
Total current assets: 3,091,002 3,179,037
Creditors: amounts falling due within one year:   (899,741) (1,008,276)
Net current assets (liabilities): 2,191,261 2,170,761
Total assets less current liabilities: 2,585,551 2,483,046
Creditors: amounts falling due after more than one year:     (130,208)
Provision for liabilities: (1,828,173) (1,877,758)
Total net assets (liabilities): 757,378 475,080
Capital and reserves
Called up share capital: 2,400 2,400
Share premium account: 92,690 92,690
Profit and loss account: 662,288 379,990
Shareholders funds: 757,378 475,080

The notes form part of these financial statements

THE RAPID RESULTS COLLEGE LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 July 2024
and signed on behalf of the board by:

Name: Andrew Fox
Status: Director

The notes form part of these financial statements

THE RAPID RESULTS COLLEGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

THE RAPID RESULTS COLLEGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 32 30

THE RAPID RESULTS COLLEGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 2,280,899
Additions 262,036
Disposals (407,455)
At 31 December 2023 2,135,480
Amortisation
At 01 January 2023 1,990,911
Charge for year 174,082
On disposals (396,514)
At 31 December 2023 1,768,479
Net book value
At 31 December 2023 367,001
At 31 December 2022 289,988

THE RAPID RESULTS COLLEGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 237,000
Additions 23,735
Disposals (49,200)
At 31 December 2023 211,535
Depreciation
At 01 January 2023 214,703
Charge for year 18,743
On disposals (49,200)
At 31 December 2023 184,246
Net book value
At 31 December 2023 27,289
At 31 December 2022 22,297