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REGISTERED NUMBER: 11390655 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

RAPIDO TRAINS LIMITED

RAPIDO TRAINS LIMITED (REGISTERED NUMBER: 11390655)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAPIDO TRAINS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: J Dudley
J E Shron
Ms S C Ludwig
M George





REGISTERED OFFICE: Unit 3
Clinton Business Centre
Lodge Road
Staplehurst
Kent
TN12 0QF





REGISTERED NUMBER: 11390655 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

RAPIDO TRAINS LIMITED (REGISTERED NUMBER: 11390655)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,376 32,891

CURRENT ASSETS
Stocks 102,016 35,338
Debtors 5 799,731 849,215
Cash at bank and in hand 312,440 53,689
1,214,187 938,242
CREDITORS
Amounts falling due within one year 6 1,003,463 711,615
NET CURRENT ASSETS 210,724 226,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

261,100

259,518

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 261,000 259,418
261,100 259,518

RAPIDO TRAINS LIMITED (REGISTERED NUMBER: 11390655)

BALANCE SHEET - continued
31 MAY 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 26 January 2025 and were signed on its behalf by:





J E Shron - Director


RAPIDO TRAINS LIMITED (REGISTERED NUMBER: 11390655)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Rapido Trains 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.
Improvements to property - 5% on cost
Plant and machinery - 10% on cost
Office equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade debtors and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at transaction price, less any subsequent impairment

Short term creditors are measured at transaction price.

3. EMPLOYEES AND DIRECTORS

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

RAPIDO TRAINS LIMITED (REGISTERED NUMBER: 11390655)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Office
property machinery equipment Totals
£    £    £    £   
COST
At 1 June 2023 21,852 7,515 6,777 36,144
Additions 15,772 1,072 4,061 20,905
At 31 May 2024 37,624 8,587 10,838 57,049
DEPRECIATION
At 1 June 2023 985 583 1,685 3,253
Charge for year 1,193 796 1,431 3,420
At 31 May 2024 2,178 1,379 3,116 6,673
NET BOOK VALUE
At 31 May 2024 35,446 7,208 7,722 50,376
At 31 May 2023 20,867 6,932 5,092 32,891

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,149 267,843
Other debtors 772,582 581,372
799,731 849,215

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 43,568 92,039
Taxation and social security 80,191 86,456
Other creditors 879,704 533,120
1,003,463 711,615

7. OPERATING LEASE COMMITMENT

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 20,000 20,000
Between one and five years 21,095 41,095
41,095 61,095