Company Registration No. 06129256 (England and Wales)
Rapid Improvement Limited
Unaudited accounts
for the year ended 31 March 2025
Rapid Improvement Limited
Unaudited accounts
Contents
Rapid Improvement Limited
Company Information
for the year ended 31 March 2025
Directors
Mr Isaac Kofi Dweben
Marian Dweben
Company Number
06129256 (England and Wales)
Registered Office
34-38 UPPER GREEN EAST
MITCHAM
CR4 2PB
ENGLAND
Rapid Improvement Limited
Statement of financial position
as at 31 March 2025
Tangible assets
1,085,538
69,562
Debtors
1,009,256
1,263,660
Cash at bank and in hand
150,561
158,872
Creditors: amounts falling due within one year
(209,996)
(215,758)
Net current assets
949,821
1,206,774
Total assets less current liabilities
2,035,359
1,276,336
Creditors: amounts falling due after more than one year
(781,875)
-
Net assets
1,253,484
1,276,336
Called up share capital
1,500
1,300
Revaluation reserve
3,000
3,000
Profit and loss account
1,248,984
1,272,036
Shareholders' funds
1,253,484
1,276,336
For the year ending 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 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 18 December 2025 and were signed on its behalf by
Mr Isaac Kofi Dweben
Director
Company Registration No. 06129256
Rapid Improvement Limited
Notes to the Accounts
for the year ended 31 March 2025
Rapid Improvement Limited is a private company, limited by shares, registered in England and Wales, registration number 06129256. The registered office is 34-38 UPPER GREEN EAST, MITCHAM, CR4 2PB, ENGLAND.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
-
192,420
83,124
233,045
508,589
Additions
1,051,553
3,995
4,150
-
1,059,698
At 31 March 2025
1,051,553
196,415
87,274
233,045
1,568,287
At 1 April 2024
-
146,318
78,557
214,152
439,027
Charge for the year
-
25,562
5,101
13,059
43,722
At 31 March 2025
-
171,880
83,658
227,211
482,749
At 31 March 2025
1,051,553
24,535
3,616
5,834
1,085,538
At 31 March 2024
-
46,102
4,567
18,893
69,562
Rapid Improvement Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
1,009,256
1,263,458
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
33,059
35,083
Taxes and social security
144,315
153,016
Other creditors
20,934
16,139
7
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
300 Ordinary shares of £1 each
300
300
200 Increase in Share Capital of £1 each
200
-
Shares issued during the period:
200 Increase in Share Capital of £1 each
200
9
Average number of employees
During the year the average number of employees was 160 (2024: 160).