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# RAPID RENTALS LTD

## Company Registration Number:
11634674 (England and Wales)

## Unaudited abridged accounts for the year ended 30 October 2024

## Period of accounts

## Start date: 31 October 2023

## End date: 30 October 2024

# RAPID RENTALS LTD

## Contents of the Financial Statements

for the Period Ended 30 October 2024

Company Information - 3 |
Profit and Loss Account - 4 |
Balance sheet - 5 |
Additional notes - 7 |
Balance sheet notes - 10 |

# RAPID RENTALS LTD

## Company Information

for the Period Ended 30 October 2024

Registered office: |  | 11 Union Road Oldbury England B69 3EX
Company Registration Number: |  | 11634674 (England and Wales)

# RAPID RENTALS LTD

## Profit and Loss Account

for the Period Ended 30 October 2024

| Notes | 2024 £ | 2023 £
--- | --- | --- | ---
Gross Profit or (Loss) |  | 595,933 | -
Administrative Expenses |  | ( 354,914 ) | -
Operating Profit or (Loss) |  | 241,019 | -
Profit or (Loss) Before Tax |  | 241,019 | -
Profit or (Loss) for Period |  | 241,019 | -

The notes form part of these financial statements

# RAPID RENTALS LTD

## Balance sheet

As at 30 October 2024

| Notes | 2024 £ | 2023 £
--- | --- | --- | ---
Fixed assets
Tangible assets: | 4 | 426,890 | 426,890
Total fixed assets: |  | 426,890 | 426,890
Current assets
Debtors: |  | 326,565 |
Cash at bank and in hand: |  | 12,320 | 100
Total current assets: |  | 338,885 | 100
Creditors: amounts falling due within one year: |  | ( 421,300 ) |
Net current assets (liabilities): |  | ( 82,415 ) | 100
Total assets less current liabilities: |  | 344,475 | 426,990
Creditors: amounts falling due after more than one year: |  | ( 103,356 ) |
Total net assets (liabilities): |  | 241,119 | 426,990

The notes form part of these financial statements

# RAPID RENTALS LTD

## Balance sheet continued

As at 30 October 2024

| Notes | 2024 £ | 2023 £
--- | --- | --- | ---
Capital and reserves
Called up share capital: |  | 100 | 100
Profit and loss account: |  | 241,019 | 426,890
Shareholders funds: |  | 241,119 | 426,990

For the year ending 30 October 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 1 August 2025
And Signed On Behalf Of The Board By:

Name: Gurpal Singh
Status: Director

The notes form part of these financial statements

# RAPID RENTALS LTD

## Notes to the Financial Statements

for the Period Ended 30 October 2024

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

# RAPID RENTALS LTD

## Notes to the Financial Statements

for the Period Ended 30 October 2024

- ## 2. Employees

  | 2024 | 2023
  --- | --- | ---
  Average number of employees during the period | 17 | 14

# RAPID RENTALS LTD

## Notes to the Financial Statements

for the Period Ended 30 October 2024

- ## 3. Off balance sheet disclosure

  No

# RAPID RENTALS LTD

## Notes to the Financial Statements

for the Period Ended 30 October 2024

## 4. Tangible Assets

| Total
--- | ---
Cost | £
At 31 October 2023 | 426,890
Additions | -
Disposals | -
Revaluations | -
Transfers | -
At 30 October 2024 | 426,890
Depreciation |
At 31 October 2023 | -
Charge for year | -
On disposals | -
Other adjustments | -
At 30 October 2024 | -
Net book value |
At 30 October 2024 | 426,890
At 30 October 2023 | 426,890

Tangible assets relate to stock of vans and property