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Company Registration No. 11957878 (England and Wales)
RAPID IT (OUTSOURCING SERVICES) LTD Unaudited accounts for the year ended 30 April 2024
RAPID IT (OUTSOURCING SERVICES) LTD Unaudited accounts Contents
Page
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RAPID IT (OUTSOURCING SERVICES) LTD Company Information for the year ended 30 April 2024
Directors
Mathew Ralph HENNAH Robert Peter David ASHFORD
Company Number
11957878 (England and Wales)
Registered Office
63 Heol Cae Gurwen, Gwaun Cae Gurwen, Ammanford, Wales, SA18 1HG
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RAPID IT (OUTSOURCING SERVICES) LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
366,200 
367,700 
Current assets
Cash at bank and in hand
106 
65 
Creditors: amounts falling due within one year
(263,971)
(266,178)
Net current liabilities
(263,865)
(266,113)
Net assets
102,335 
101,587 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
125,000 
125,000 
Profit and loss account
(22,765)
(23,513)
Shareholders' funds
102,335 
101,587 
For the year ending 30 April 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 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 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 of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by
Mathew Ralph HENNAH Director Company Registration No. 11957878
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RAPID IT (OUTSOURCING SERVICES) LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
RAPID IT (OUTSOURCING SERVICES) LTD is a private company, limited by shares, registered in England and Wales, registration number 11957878. The registered office is 63 Heol Cae Gurwen, , Gwaun Cae Gurwen,, Ammanford,, Wales,, SA18 1HG.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
20% Reducing Balance Method
Motor vehicles
20% Reducing Balance Method
Computer equipment
15% Reducing Balance Method
Business Summary
Rapid IT (Outsourcing Services) ltd are specialists in outsourcing Infrastructure Management services across the UK, Europe and South East Asia. The company is comprised of in house and external subject matter experts that specialise in automation, problem solving and efficiency savings as well as research and development. The success of the company is reflected on its customers who have engaged (Rapid IT outsourcing services) ltd to solve technical challenges and automated their business to be more competitive and efficient who have later expended and stabilised thanks to the expert knowledge of the company. The company is chartered on Research and Development and has made meaningful change to the operations of businesses not only in South Wales, but all over UK and Europe. The company generates its own energy via Photovoltaics (PV) and Wind turbines and exceeds its net-zero targets. This includes hosting of its own Linux based infrastructure and hosting customers infrastructure to reduce the carbon footprint with plenty of capacity that is gifted back to the grid.
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RAPID IT (OUTSOURCING SERVICES) LTD Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2023
275,000 
32,000 
35,000 
65,000 
407,000 
At 30 April 2024
275,000 
32,000 
35,000 
65,000 
407,000 
Depreciation
At 1 May 2023
- 
12,000 
11,800 
15,500 
39,300 
Charge for the year
- 
- 
- 
1,500 
1,500 
At 30 April 2024
- 
12,000 
11,800 
17,000 
40,800 
Net book value
At 30 April 2024
275,000 
20,000 
23,200 
48,000 
366,200 
At 30 April 2023
275,000 
20,000 
23,200 
49,500 
367,700 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
263,971 
266,178 
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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