RAPID LOANS LIMITED

Company Registration Number:
02759847 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

RAPID LOANS LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

RAPID LOANS LIMITED

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 446,530 446,738
Investments: 4 0 52,500
Total fixed assets: 446,530 499,238
Current assets
Stocks: 75,470 31,835
Debtors:   1,198,060 1,296,362
Cash at bank and in hand: 119,960 189,600
Total current assets: 1,393,490 1,517,797
Creditors: amounts falling due within one year:   (17,890) (54,195)
Net current assets (liabilities): 1,375,600 1,463,602
Total assets less current liabilities: 1,822,130 1,962,840
Total net assets (liabilities): 1,822,130 1,962,840
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 1,821,130 1,961,840
Shareholders funds: 1,822,130 1,962,840

The notes form part of these financial statements

RAPID LOANS LIMITED

Balance sheet statements

For the year ending 31 January 2024 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 17 October 2024
and signed on behalf of the board by:

Name: Alan White
Status: Director

The notes form part of these financial statements

RAPID LOANS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

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

RAPID LOANS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 3 3

RAPID LOANS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 446,946
At 31 January 2024 446,946
Depreciation
At 01 February 2023 208
Charge for year 208
At 31 January 2024 416
Net book value
At 31 January 2024 446,530
At 31 January 2023 446,738

RAPID LOANS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Fixed investments

Written off in year