Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 7917030 Mr David Rapaport Mr. David Simon Rappaport true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 7917030 2023-01-31 7917030 2024-01-31 7917030 2023-02-01 2024-01-31 7917030 frs-core:CurrentFinancialInstruments 2024-01-31 7917030 frs-core:ShareCapital 2024-01-31 7917030 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 7917030 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 7917030 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 7917030 frs-bus:SmallEntities 2023-02-01 2024-01-31 7917030 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 7917030 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 7917030 1 2023-02-01 2024-01-31 7917030 frs-bus:Director1 2023-02-01 2024-01-31 7917030 frs-countries:EnglandWales 2023-02-01 2024-01-31 7917030 2022-01-31 7917030 2023-01-31 7917030 2022-02-01 2023-01-31 7917030 frs-core:CurrentFinancialInstruments 2023-01-31 7917030 frs-core:ShareCapital 2023-01-31 7917030 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 7917030
RAPS ELECTRO LTD
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 7917030
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 41,649 10,350
Cash at bank and in hand 21,082 16,515
62,731 26,865
Creditors: Amounts Falling Due Within One Year 5 (49,406 ) (19,962 )
NET CURRENT ASSETS (LIABILITIES) 13,325 6,903
TOTAL ASSETS LESS CURRENT LIABILITIES 13,325 6,903
NET ASSETS 13,325 6,903
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 13,324 6,902
SHAREHOLDERS' FUNDS 13,325 6,903
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Rapaport
Director
27th October 2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
RAPS ELECTRO LTD is a private company, limited by shares, incorporated in England & Wales, registered number 7917030 . The registered office is 136 Fairview Road, London, N15 6TR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:1 NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 41,649 10,350
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 17,804 19,553
Corporation tax 59 59
Other creditors 31,193 -
Accruals and deferred income 350 350
49,406 19,962
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
7. Ultimate Controlling Party
The company's ultimate controlling party is Mr. David Simon Rappaport by virtue of his ownership of 100% of the issued share capital in the company.
Page 2