2023-02-01 03911488 2024-01-31 03911488 2023-02-01 2024-01-31 03911488 2023-01-31 03911488 2022-02-01 2023-01-31 03911488 uk-core:WithinOneYear 2023-01-31 03911488 uk-core:WithinOneYear 2024-01-31 03911488 uk-core:ShareCapital 2024-01-31 03911488 uk-core:ShareCapital 2023-01-31 03911488 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 03911488 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 03911488 uk-bus:Director1 2023-02-01 2024-01-31 03911488 uk-core:CommercialMotorVehicles 2023-02-01 2024-01-31 03911488 uk-core:FurnitureFittings 2023-02-01 2024-01-31 03911488 uk-core:FurnitureFittings 2023-01-31 03911488 uk-core:CommercialMotorVehicles 2023-01-31 03911488 uk-core:CommercialMotorVehicles 2024-01-31 03911488 uk-core:FurnitureFittings 2024-01-31 iso4217:GBP xbrli:pure 03911488 uk-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 03911488 uk-bus:FRS102 2023-02-01 2024-01-31 03911488 uk-bus:FilletedAccounts 2023-02-01 2024-01-31 03911488 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31
Rapid React Limited
Registered Number:03911488
For the year ended 31 January 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2024
Rapid React Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
03911488
As at 31 January 2024
Rapid React Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
12,627
7,616
2
12,627
7,616
Current assets
Inventories
475
675
3
Trade and other receivables
785
1,397
4
14,240
Cash and cash equivalents
10,132
12,204
15,500
Trade and other payables: amounts falling due within one
year
(2,620)
(6,532)
5
12,880
5,672
Net current assets
Total assets less current liabilities
18,299
20,496
18,299
Net assets
20,496
Capital and reserves
Called up share capital
1
1
Retained earnings
18,298
20,495
18,299
20,496
Shareholders' funds
For the year ended 31 January 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Eqbal Adam Oughradar Director
These financial statements were approved and authorised for issue by the Board on 21 October 2024 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 January 2024
Rapid React Limited
Notes to the Financial Statements
Statutory Information
Rapid React Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 03911488.
Registered address:
24 Wyatt Road
London
E7 9NE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2 of 4
5
For the year ended 31 January 2024
Rapid React Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
£
£
£
Cost or
valuation
At 01 February 2023
15,677
2,352
13,325
16,700
-
16,700
Additions
-
(13,325)
Disposals
(13,325)
At 31 January 2024
16,700
2,352
19,052
Provision for depreciation and impairment
At 01 February 2023
8,061
2,232
5,829
Charge for year
4,193
18
4,175
(5,829)
-
(5,829)
On disposal
At 31 January 2024
6,425
2,250
4,175
At 31 January 2024
Net book value
12,525
102
12,627
At 31 January 2023
7,496
120
7,616
3. Inventories
2023
2024
£
£
Stocks
675
475
4. Trade and other receivables
2023
2024
£
£
Trade debtors
561
785
Other debtors
836
-
785
1,397
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
3,000
674
Taxation and social security
1,548
255
Other creditors
1,984
1,691
6,532
2,620
3 of 4
6
For the year ended 31 January 2024
Rapid React Limited
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 2 (2023 : 1)
4 of 4