Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07410781 Mr D Schofield Mr N Hore iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07410781 2023-03-31 07410781 2024-03-31 07410781 2023-04-01 2024-03-31 07410781 frs-core:CurrentFinancialInstruments 2024-03-31 07410781 frs-core:ShareCapital 2024-03-31 07410781 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07410781 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07410781 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07410781 frs-bus:SmallEntities 2023-04-01 2024-03-31 07410781 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07410781 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07410781 frs-bus:Director1 2023-04-01 2024-03-31 07410781 frs-bus:Director2 2023-04-01 2024-03-31 07410781 frs-countries:EnglandWales 2023-04-01 2024-03-31 07410781 2022-03-31 07410781 2023-03-31 07410781 2022-04-01 2023-03-31 07410781 frs-core:CurrentFinancialInstruments 2023-03-31 07410781 frs-core:ShareCapital 2023-03-31 07410781 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07410781
Rapid English Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 07410781
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 13,753 25,207
13,753 25,207
Creditors: Amounts Falling Due Within One Year 4 (7,914 ) (7,248 )
NET CURRENT ASSETS (LIABILITIES) 5,839 17,959
TOTAL ASSETS LESS CURRENT LIABILITIES 5,839 17,959
NET ASSETS 5,839 17,959
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account 5,739 17,859
SHAREHOLDERS' FUNDS 5,839 17,959
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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D Schofield
Director
Mr N Hore
Director
13/02/2025
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Rapid English Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07410781 . The registered office is St James House, 65 Mere Green Road, Sutton Coldfield, B75 5BY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security - 7,248
Directors' loan accounts 7,914 -
7,914 7,248
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 2