RAPID HUB CLEANERS LTD

Company Registration Number:
13109451 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

RAPID HUB CLEANERS LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

RAPID HUB CLEANERS LTD

Company Information

for the Period Ended 31 January 2024




Director: Chinthaka Roshan Siriwardene
Registered office: 3
Whitby Parade Whitby Road
Whitby Dry Cleaners
Ruislip
Uk
England
HA4 9EA
Company Registration Number: 13109451 (England and Wales)

RAPID HUB CLEANERS LTD

Directors' Report Period Ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Principal Activities

Washing and (dry-)cleaning of textile and fur products.

Directors

The directors shown below have held office during the whole of the period from 01 February 2023 to 31 January 2024
Chinthaka Roshan Siriwardene

This report was approved by the board of directors on 30 October 2024
And Signed On Behalf Of The Board By:

Name: Chinthaka Roshan Siriwardene
Status: Director

RAPID HUB CLEANERS LTD

Profit and Loss Account

for the Period Ended 31 January 2024


Notes

2024
£

2023
£
Turnover 33,233 12,972
Cost of sales ( 9,764 ) ( 5,541 )
Gross Profit or (Loss) 23,469 7,431
Distribution Costs ( 3,280 ) ( 1,404 )
Administrative Expenses ( 18,119 ) ( 4,756 )
Operating Profit or (Loss) 2,070 1,271
Interest Payable and Similar Charges ( 840 ) ( 37 )
Profit or (Loss) Before Tax 1,230 1,234
Tax on Profit ( 233 ) ( 234 )
Profit or (Loss) for Period 997 1,000

The notes form part of these financial statements

RAPID HUB CLEANERS LTD

Balance sheet

As at 31 January 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 230 344
Total fixed assets: 230 344
Current assets
Debtors: 5 1,790 1,790
Cash at bank and in hand: 2 256
Total current assets: 1,792 2,046
Prepayments and accrued income: 20,100
Creditors: amounts falling due within one year: 6 ( 19,915 ) ( 1,179 )
Net current assets (liabilities): 1,977 867
Total assets less current liabilities: 2,207 1,211
Total net assets (liabilities): 2,207 1,211

The notes form part of these financial statements

RAPID HUB CLEANERS LTD

Balance sheet continued

As at 31 January 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 2,107 1,111
Shareholders funds: 2,207 1,211

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.

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

This report was approved by the board of directors on 30 October 2024
And Signed On Behalf Of The Board By:

Name: Chinthaka Roshan Siriwardene
Status: Director

The notes form part of these financial statements

RAPID HUB CLEANERS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Turnover policy

    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 from the sale of goods is recognised when the significant risks
    and rewards of ownership of the goods have transferred to the buyer. 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative
    impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land,
    at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its
    expected useful life, as follows:

    Equipment, Fixtures & fittings: 25% Reducing balance

    Motor Vehicles: 25% Reducing balance

RAPID HUB CLEANERS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

RAPID HUB CLEANERS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 3. Off balance sheet disclosure

    No

RAPID HUB CLEANERS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible assets

Plant & machinery Total
Cost £ £
At 01 February 2023 459 459
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 January 2024 459 459
Depreciation
At 01 February 2023 115 115
Charge for year 114 114
On disposals - -
Other adjustments - -
At 31 January 2024 229 229
Net book value
At 31 January 2024 230 230
At 31 January 2023 344 344

RAPID HUB CLEANERS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Debtors


2024
£

2023
£
Trade debtors 1,570 1,570
Other debtors 220 220
Total 1,790 1,790

RAPID HUB CLEANERS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Taxation and social security 494 260
Other creditors 19,421 919
Total 19,915 1,179