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REGISTERED NUMBER: 11463671 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

RAPID READYMIX CONCRETE LTD

RAPID READYMIX CONCRETE LTD (REGISTERED NUMBER: 11463671)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAPID READYMIX CONCRETE LTD

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: Mr J R Harverson





REGISTERED OFFICE: Alpha Place
Garth Road
Morden
Surrey
SM4 4LT





REGISTERED NUMBER: 11463671 (England and Wales)





ACCOUNTANTS: MMP Accounting Solutions Ltd
Unit 34 Basepoint
Shearway Business Park
Folkestone
Kent
CT19 4RH

RAPID READYMIX CONCRETE LTD (REGISTERED NUMBER: 11463671)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 695,768 901,404

CURRENT ASSETS
Stocks 5 32,777 38,661
Debtors 6 255,711 263,843
Cash at bank and in hand 95,495 92,948
383,983 395,452
CREDITORS
Amounts falling due within one year 7 907,770 936,766
NET CURRENT LIABILITIES (523,787 ) (541,314 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,981

360,090

CREDITORS
Amounts falling due after more than
one year

8

(111,068

)

(232,516

)

PROVISIONS FOR LIABILITIES (71,139 ) (76,306 )
NET (LIABILITIES)/ASSETS (10,226 ) 51,268

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 (11,226 ) 50,268
SHAREHOLDERS' FUNDS (10,226 ) 51,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

RAPID READYMIX CONCRETE LTD (REGISTERED NUMBER: 11463671)

BALANCE SHEET - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 September 2024 and were signed by:





Mr J R Harverson - Director


RAPID READYMIX CONCRETE LTD (REGISTERED NUMBER: 11463671)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Rapid Readymix Concrete Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 20% on cost
Plant and machinery - in accordance with the property
Motor vehicles - in accordance with the property

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

RAPID READYMIX CONCRETE LTD (REGISTERED NUMBER: 11463671)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 May 2023 3,747 1,862,370 168,649 2,034,766
Additions 8,479 62,507 40,500 111,486
Disposals - (2,000 ) - (2,000 )
At 30 April 2024 12,226 1,922,877 209,149 2,144,252
DEPRECIATION
At 1 May 2023 2,997 1,074,624 55,741 1,133,362
Charge for year 1,881 287,848 26,310 316,039
Eliminated on disposal - (917 ) - (917 )
At 30 April 2024 4,878 1,361,555 82,051 1,448,484
NET BOOK VALUE
At 30 April 2024 7,348 561,322 127,098 695,768
At 30 April 2023 750 787,746 112,908 901,404

5. STOCKS
30.4.24 30.4.23
£    £   
Stocks 32,777 38,661

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 123,371 174,628
Other debtors 10,800 21,108
Prepayments 121,540 68,107
255,711 263,843

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 30,000 30,000
Hire purchase contracts 123,697 149,093
Trade creditors 310,209 293,966
Tax 82,874 93,543
Social security and other taxes 7,069 9,475
VAT 35,744 59,088
Other creditors 34,250 27,250
Pension 1,765 1,927
Directors' current accounts 226,400 221,821
Accrued expenses 55,762 50,603
907,770 936,766

RAPID READYMIX CONCRETE LTD (REGISTERED NUMBER: 11463671)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 32,500 62,500
Hire purchase contracts 78,568 170,016
111,068 232,516

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
500 Ordinary A £1 500 500
500 Ordinary B £1 500 500
1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1 May 2023 50,268
Deficit for the year (61,494 )
At 30 April 2024 (11,226 )