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REGISTERED NUMBER: 08243710 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

RAPID REPAIR NW LTD

RAPID REPAIR NW LTD (REGISTERED NUMBER: 08243710)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAPID REPAIR NW LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: G Clayton





REGISTERED OFFICE: 24 Satinwood Close
Ashton In Makerfield
Wigan
Lancashire
WN4 9NL





REGISTERED NUMBER: 08243710 (England and Wales)





ACCOUNTANTS: C A Hunter Limited
Britannia Chambers
26 George Street
St Helens
Merseyside
WA10 1BZ

RAPID REPAIR NW LTD (REGISTERED NUMBER: 08243710)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,245 1,369

CURRENT ASSETS
Stocks 600 600
Debtors 5 5,969 8,106
Cash at bank 11,002 8,486
17,571 17,192
CREDITORS
Amounts falling due within one year 6 15,719 13,199
NET CURRENT ASSETS 1,852 3,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,097

5,362

PROVISIONS FOR LIABILITIES 237 260
NET ASSETS 2,860 5,102

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,859 5,101
SHAREHOLDERS' FUNDS 2,860 5,102

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

RAPID REPAIR NW LTD (REGISTERED NUMBER: 08243710)

BALANCE SHEET - continued
31 OCTOBER 2024



The financial statements were approved by the director and authorised for issue on 20 May 2025 and were signed by:





G Clayton - Director


RAPID REPAIR NW LTD (REGISTERED NUMBER: 08243710)

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

1. STATUTORY INFORMATION

Rapid Repair NW Ltd 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.
Plant and machinery - 15% on reducing balance and not provided
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

RAPID REPAIR NW LTD (REGISTERED NUMBER: 08243710)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023 4,594 960 1,078 6,632
Additions 126 - - 126
At 31 October 2024 4,720 960 1,078 6,758
DEPRECIATION
At 1 November 2023 3,664 521 1,078 5,263
Charge for year 140 110 - 250
At 31 October 2024 3,804 631 1,078 5,513
NET BOOK VALUE
At 31 October 2024 916 329 - 1,245
At 31 October 2023 930 439 - 1,369

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 2,172 1,584
Other debtors 3,797 6,522
5,969 8,106

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 956 1,756
Taxation and social security 10,411 9,228
Other creditors 4,352 2,215
15,719 13,199

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director had a loan account at the 31st October 2024 date with a balance due to the company of £3,796 (2023 £6,522). No interest is charged on the loan account balance.