1 September 2023 false No description of principal activity Taxfiler 2024.6 NI613932business:PrivateLimitedCompanyLtd2023-09-012024-10-31 NI6139322023-08-31 NI6139322023-09-012024-10-31 NI613932business:AuditExempt-NoAccountantsReport2023-09-012024-10-31 NI613932business:FilletedAccounts2023-09-012024-10-31 NI6139322024-10-31 NI613932business:Director12023-09-012024-10-31 NI613932business:Director22023-09-012024-10-31 NI613932business:RegisteredOffice2023-09-012024-10-31 NI6139322023-08-31 NI613932core:WithinOneYear2024-10-31 NI613932core:WithinOneYear2023-08-31 NI613932core:AfterOneYear2024-10-31 NI613932core:AfterOneYear2023-08-31 NI613932core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 NI613932core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 NI613932core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 NI613932core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 NI613932core:PreviouslyStatedAmount2024-10-31 NI613932core:PreviouslyStatedAmount2023-08-31 NI613932business:SmallEntities2023-09-012024-10-31 NI613932countries:NorthernIreland2023-09-012024-10-31 NI613932core:MotorVehicles2023-08-31 NI613932core:MotorVehicles2024-10-31 NI613932core:MotorVehicles2023-09-012024-10-31 NI6139322022-09-012023-08-31 iso4217:GBP xbrli:pure
Company Registration No. NI613932 (Northern Ireland)
Rapid Developments (NI) Limited Unaudited accounts for the period from 1 September 2023 to 31 October 2024
Rapid Developments (NI) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Rapid Developments (NI) Limited Company Information for the period from 1 September 2023 to 31 October 2024
Directors
Francis Devlin Colleen Swift
Company Number
NI613932 (Northern Ireland)
Registered Office
102 EGLANTINE AVENUE BELFAST BT9 6EU NORTHERN IRELAND
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Rapid Developments (NI) Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
37,667 
59,200 
Investments
5
63,562 
63,562 
101,229 
122,762 
Current assets
Debtors
6
134,583 
404,951 
Cash at bank and in hand
20,460 
138,229 
155,043 
543,180 
Creditors: amounts falling due within one year
7
(63,664)
(27,266)
Net current assets
91,379 
515,914 
Total assets less current liabilities
192,608 
638,676 
Creditors: amounts falling due after more than one year
8
(44,217)
(137,869)
Net assets
148,391 
500,807 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
148,389 
500,805 
Shareholders' funds
148,391 
500,807 
For the period ending 31 October 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by
Colleen Swift Director Company Registration No. NI613932
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Rapid Developments (NI) Limited Notes to the Accounts for the period from 1 September 2023 to 31 October 2024
1
Statutory information
Rapid Developments (NI) Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI613932. The registered office is 102 EGLANTINE AVENUE, BELFAST, BT9 6EU, NORTHERN IRELAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 September 2023
107,666 
At 31 October 2024
107,666 
Depreciation
At 1 September 2023
48,466 
Charge for the period
21,533 
At 31 October 2024
69,999 
Net book value
At 31 October 2024
37,667 
At 31 August 2023
59,200 
5
Investments
Other investments 
£ 
Valuation at 1 September 2023
63,562 
Valuation at 31 October 2024
63,562 
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Rapid Developments (NI) Limited Notes to the Accounts for the period from 1 September 2023 to 31 October 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
22,175 
Trade debtors
99,905 
375,998 
Other debtors
34,678 
6,778 
134,583 
404,951 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
36,398 
- 
Obligations under finance leases and hire purchase contracts
27,266 
27,266 
63,664 
27,266 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,029 
92,884 
Obligations under finance leases and hire purchase contracts
30,188 
44,985 
44,217 
137,869 
9
Average number of employees
During the period the average number of employees was 1 (2023: 1).
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