Company Registration No. 11249753 (England and Wales)
RAPID SERVICES GROUP LTD
Unaudited accounts
for the year ended 31 March 2024
RAPID SERVICES GROUP LTD
Unaudited accounts
Contents
RAPID SERVICES GROUP LTD
Company Information
for the year ended 31 March 2024
Company Number
11249753 (England and Wales)
Registered Office
WINSOR & NEWTON BUILDING
WHITEFRIARS AVENUE
HARROW
MIDDLESEX
HA3 5RN
RAPID SERVICES GROUP LTD
Statement of financial position
as at 31 March 2024
Tangible assets
17,799
17,670
Cash at bank and in hand
273,900
4,094
Creditors: amounts falling due within one year
(453,865)
(90,221)
Net current assets
122,984
44,476
Called up share capital
100
100
Profit and loss account
140,683
62,046
Shareholders' funds
140,783
62,146
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 May 2024 and were signed on its behalf by
Ali AKBAR
Director
Company Registration No. 11249753
RAPID SERVICES GROUP LTD
Notes to the Accounts
for the year ended 31 March 2024
RAPID SERVICES GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 11249753. The registered office is WINSOR & NEWTON BUILDING, WHITEFRIARS AVENUE, HARROW, MIDDLESEX, HA3 5RN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
29,984
10,303
40,287
At 31 March 2024
29,984
14,882
44,866
At 1 April 2023
18,125
4,492
22,617
Charge for the year
2,372
2,078
4,450
At 31 March 2024
20,497
6,570
27,067
At 31 March 2024
9,487
8,312
17,799
At 31 March 2023
11,859
5,811
17,670
RAPID SERVICES GROUP LTD
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
302,949
130,603
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
186,152
17,967
Other creditors
45,020
72,254
Loans from directors
11,466
-
7
Average number of employees
During the year the average number of employees was 40 (2023: 13).