Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false true No description of principal activity 1 March 2023 29 February 2024 29 February 2024 08875297 Mr Elliott Stevens iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08875297 2023-02-28 08875297 2024-02-29 08875297 2023-03-01 2024-02-29 08875297 frs-core:CurrentFinancialInstruments 2024-02-29 08875297 frs-core:Non-currentFinancialInstruments 2024-02-29 08875297 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08875297 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 08875297 frs-bus:Micro-entities 2023-03-01 2024-02-29 08875297 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08875297 frs-bus:Director1 2023-03-01 2024-02-29 08875297 frs-bus:Director1 2023-02-28 08875297 frs-bus:Director1 2024-02-29 08875297 2022-02-28 08875297 2023-02-28 08875297 2022-03-01 2023-02-28 08875297 frs-core:CurrentFinancialInstruments 2023-02-28 08875297 frs-core:Non-currentFinancialInstruments 2023-02-28
Registered number: 08875297
Rapid Business Systems Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Virtual Finance Team Limited
Balance Sheet
Registered number: 08875297
2024 2023
£ £
Fixed assets 3,944 5,258
Current assets 50,866 49,431
Creditors: Amounts Falling Due Within One Year (34,848 ) (21,265 )
NET CURRENT ASSETS 16,018 28,166
TOTAL ASSETS LESS CURRENT LIABILITIES 19,962 33,424
Creditors: Amounts Falling After More Than One Year (19,750 ) (22,750 )
NET ASSETS 212 10,674
CAPITAL AND RESERVES 212 10,674

Notes

1. General Information
Rapid Business Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08875297 . The registered office is Dock 209, 75 Exploration Drive, Leicester, Leicestershire, LE4 5NU.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
3. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mr Elliott Stevens 12,990 117,773 (121,155 ) - 9,608
The above loan is unsecured, interest free and repayable on demand.
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For the year ending 29 February 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr Elliott Stevens
Director
22nd November 2024