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