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REGISTERED NUMBER: 13234088 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 March 2024

for

Rapid Time Recruit Limited

Rapid Time Recruit Limited (Registered number: 13234088)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Rapid Time Recruit Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: T D Lander
Mrs H Lander
N P Downes





SECRETARY:





REGISTERED OFFICE: The Studio, Hatherlow House
Hatherlow
Romiley
Stockport
Cheshire
SK6 3DY





REGISTERED NUMBER: 13234088 (England and Wales)





ACCOUNTANTS: TF & Partners Ltd t/a Hatherlows
Chartered Accountants
The Studio, Hatherlow House
Hatherlow
Romiley
Stockport
Cheshire
SK6 3DY

Rapid Time Recruit Limited (Registered number: 13234088)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 516 1,162

CURRENT ASSETS
Debtors 6 218,009 148,448
Cash at bank and in hand 28,095 39,760
246,104 188,208
CREDITORS
Amounts falling due within one year 7 221,491 175,061
NET CURRENT ASSETS 24,613 13,147
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,129

14,309

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,029 14,209
SHAREHOLDERS' FUNDS 25,129 14,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2024 and were signed on its behalf by:





Mrs H Lander - Director


Rapid Time Recruit Limited (Registered number: 13234088)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Rapid Time Recruit Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Rapid Time Recruit Limited (Registered number: 13234088)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 291 2,672 2,963
Additions - 339 339
At 31 March 2024 291 3,011 3,302
DEPRECIATION
At 1 April 2023 83 1,718 1,801
Charge for year 32 953 985
At 31 March 2024 115 2,671 2,786
NET BOOK VALUE
At 31 March 2024 176 340 516
At 31 March 2023 208 954 1,162

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 208,645 148,227
Other debtors 9,364 221
218,009 148,448

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 120 -
Taxation and social security 67,452 62,479
Other creditors 153,919 112,582
221,491 175,061

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other creditors 120,361 90,052

Other creditors are secured by a mortgage charge dated 11 May 2021.

Rapid Time Recruit Limited (Registered number: 13234088)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
N P Downes
Balance outstanding at start of year (16,000 ) (16,000 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (16,000 ) (16,000 )

T D Lander and Mrs H Lander
Balance outstanding at start of year - -
Amounts advanced 7,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,000 -

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £22,315 (2023 - £25,919) were paid to the directors .

11. POST BALANCE SHEET EVENTS

The financial statements were authorised for issue by the directors on 18 December 2024.

12. ULTIMATE CONTROLLING PARTY

The controlling party is the company's directors acting in concert.

The ultimate controlling party is the company's directors acting in concert.