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
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
RAPID IT (OUTSOURCING SERVICES) LTD
Statement of financial position
as at 30 April 2024
Tangible assets
366,200
367,700
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
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
RAPID IT (OUTSOURCING SERVICES) LTD
Notes to the Accounts
for the year ended 30 April 2024
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.
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:
Plant & machinery
20% Reducing Balance Method
Motor vehicles
20% Reducing Balance Method
Computer equipment
15% Reducing Balance Method
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.
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
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
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).