Registered number
03137294
Rapidsurvey Limited
Filleted Accounts
31 December 2024

Rapidsurvey Limited
Registered number: | 03137294
Balance Sheet
as at 31 December 2024
Notes |  |  | 2024 |  |  | 2023
£ | £
Fixed assets
Tangible assets | 3 |  |  | 2,541 |  |  | 3,391
Current assets
Stocks |  |  | 606,074 |  |  | 559,074
Debtors | 4 |  | 200,000 |  |  | 200,000
Cash at bank and in hand |  |  | 9,695 |  |  | 5,247
|  |  | 815,769 |  |  | 764,321
Creditors: amounts falling due within one year | 5 |  | (177,602) |  |  | (153,388)
Net current assets |  |  |  | 638,167 |  |  | 610,933
Total assets less current liabilities |  |  |  | 640,708 |  |  | 614,324
Creditors: amounts falling due after more than one year | 6 |  |  | (154,168) |  |  | (166,383)
Provisions for liabilities |  |  |  | (483) |  |  | (644)
Net assets |  |  |  | 486,057 |  |  | 447,297
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Profit and loss account |  |  |  | 485,957 |  |  | 447,197
Shareholder's funds |  |  |  | 486,057 |  |  | 447,297
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J M A Lowe
Director
Approved by the board on 10 September 2025

Rapidsurvey Limited
Notes to the Accounts
for the year ended 31 December 2024
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
| Stocks
| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. The property is held as stock in trade.
| 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.
| 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.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Deferred tax is noted under provisions.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 | Employees | 2024 |  | 2023
Number | Number
| Average number of persons employed by the company | 2 |  | 2
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Plant and machinery etc
£
| Cost
| At 1 January 2024 | 49,862
| At 31 December 2024 | 49,862
| Depreciation
| At 1 January 2024 | 46,471
| Charge for the year | 850
| At 31 December 2024 | 47,321
| Net book value
| At 31 December 2024 | 2,541
| At 31 December 2023 | 3,391
4 | Debtors | 2024 |  | 2023
£ | £
| Other debtors | 200,000 |  | 200,000
| Amounts due after more than one year included above | 200,000 |  | 200,000
5 | Creditors: amounts falling due within one year | 2024 |  | 2023
£ | £
| Bank loans and overdrafts | 12,740 |  | 10,648
| Corporation tax | 20,428 |  | 11,175
| Other taxes and social security costs | 754 |  | 622
| Directors loans | 136,116 |  | 129,748
| Accruals | 1,195 |  | 1,195
| Other creditors | 6,369 |  | -
|  |  |  |  |  | 177,602 |  | 153,388
6 | Creditors: amounts falling due after one year | 2024 |  | 2023
£ | £
| Bank loans | 154,168 |  | 166,383
7 | Loans | 2024 |  | 2023
£ | £
| Creditors include:
| Secured bank loans | 150,000 |  | 150,000
| The loan is interest only at current rate of 5.09% and repayable by 8 March 2028.
8 | Directors advances, credits and controlling party
| The director has, from time to time, advanced funds to the company. Such loans are interest- free, unsecured and repayable on demand.The company is controlled by the director, Mr J Lowe who is also the only shareholder.
9 | Other information
| Rapidsurvey Limited is a private company limited by shares and incorporated in England. Its registered office is:
| 39a
| The Mall
| Faversham
| ME13 8JN

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