Acorah Software Products - Accounts Production 16.3.350 false true false 11 December 2023 31 December 2024 31 December 2024 15341574 Andrew Murfin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15341574 2023-12-10 15341574 2024-12-31 15341574 2023-12-11 2024-12-31 15341574 frs-core:CurrentFinancialInstruments 2024-12-31 15341574 frs-core:ComputerEquipment 2024-12-31 15341574 frs-core:ComputerEquipment 2023-12-11 2024-12-31 15341574 frs-core:ComputerEquipment 2023-12-10 15341574 frs-core:MotorVehicles 2024-12-31 15341574 frs-core:MotorVehicles 2023-12-11 2024-12-31 15341574 frs-core:MotorVehicles 2023-12-10 15341574 frs-core:ShareCapital 2024-12-31 15341574 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 15341574 frs-bus:PrivateLimitedCompanyLtd 2023-12-11 2024-12-31 15341574 frs-bus:FilletedAccounts 2023-12-11 2024-12-31 15341574 frs-bus:SmallEntities 2023-12-11 2024-12-31 15341574 frs-bus:AuditExempt-NoAccountantsReport 2023-12-11 2024-12-31 15341574 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-11 2024-12-31 15341574 frs-bus:Director1 2023-12-11 2024-12-31 15341574 frs-countries:EnglandWales 2023-12-11 2024-12-31
Registered number: 15341574
Rapid Design and Build Ltd
Unaudited Financial Statements
For the Period 11 December 2023 to 31 December 2024
Nijjer Accountants Ltd
Chartered Accountants
5-7 Station Road
Longfield
Kent
DA3 7QD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 15341574
31 December 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 11,172
11,172
CURRENT ASSETS
Stocks 5 35,000
Debtors 6 2,010
Cash at bank and in hand 7,558
44,568
Creditors: Amounts Falling Due Within One Year 7 (55,305 )
NET CURRENT ASSETS (LIABILITIES) (10,737 )
TOTAL ASSETS LESS CURRENT LIABILITIES 435
NET ASSETS 435
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account 335
SHAREHOLDERS' FUNDS 435
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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
Andrew Murfin
Director
8 May 2025
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Rapid Design and Build Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15341574 . The registered office is 5-7 Station Road, Longfield, DA3 7QD.
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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing Balance Method
Computer Equipment 15% Reducing Balance Method
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.8. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 11 December 2023 - - -
Additions 10,795 1,206 12,001
As at 31 December 2024 10,795 1,206 12,001
Depreciation
As at 11 December 2023 - - -
Provided during the period 737 92 829
As at 31 December 2024 737 92 829
Net Book Value
As at 31 December 2024 10,058 1,114 11,172
As at 11 December 2023 - - -
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5. Stocks
31 December 2024
£
Work in progress 35,000
6. Debtors
31 December 2024
£
Due within one year
Other debtors 2,010
7. Creditors: Amounts Falling Due Within One Year
31 December 2024
£
Trade creditors 9,260
Amounts owed to participating interests 8,500
Other creditors 19,542
Taxation and social security 18,003
55,305
9. Share Capital
31 December 2024
£
Allotted, Called up and fully paid 100
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