Company registration number 08922218 (England and Wales)
RAPID MEDICAL SOLUTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
RAPID MEDICAL SOLUTIONS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
RAPID MEDICAL SOLUTIONS LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
863
1,053
Current assets
Stocks
-
210
Debtors
4
1,746
1,735
Cash at bank and in hand
1,944
146
3,690
2,091
Creditors: amounts falling due within one year
5
(37,555)
(28,160)
Net current liabilities
(33,865)
(26,069)
Net liabilities
(33,002)
(25,016)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(33,102)
(25,116)
Total equity
(33,002)
(25,016)

For the financial year ended 31 March 2025 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 27 October 2025 and are signed on its behalf by:
Safdar Ali
Director
Company registration number 08922218 (England and Wales)
RAPID MEDICAL SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Rapid Medical Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is Room 202 The Old Courthouse, 18 - 22 St Peters Churchyard, Derby, UK, DE1 1NN.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
18% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

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

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
RAPID MEDICAL SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 and 31 March 2025
3,335
Depreciation and impairment
At 1 April 2024
2,282
Depreciation charged in the year
190
At 31 March 2025
2,472
Carrying amount
At 31 March 2025
863
At 31 March 2024
1,053
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
1,746
1,735
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,008
639
Other creditors
36,547
27,521
37,555
28,160
6
Related Party Disclosures

As at 31 March 2025 the following balance, included in other creditors due within one year, was due to related company:

 

Blockpharm Ltd: £5,000

 

The above balance is repayable on demand.

7
Ultimate Controlling Party

The controlling party is Safdar Ali.

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