Rapid Secure Limited - Limited company - abbreviated - 11.9

Rapid Secure Limited - Limited company - abbreviated - 11.9

RAPID SECURE LIMITED - Company Information

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REGISTERED NUMBER: 06527061 (England and Wales)
















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2015

FOR

RAPID SECURE LIMITED

RAPID SECURE LIMITED (REGISTERED NUMBER: 06527061)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 January 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

RAPID SECURE LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2015







DIRECTORS: C J Long
C Campbell





SECRETARY: C J Long





REGISTERED OFFICE: Manor Court Chambers
Townsend Drive
Nuneaton
Warwickshire
CV11 6RU





REGISTERED NUMBER: 06527061 (England and Wales)





ACCOUNTANTS: Stewart Fletcher and Barrett
Chartered Accountants
Manor Court Chambers
Townsend Drive
Nuneaton
Warwickshire
CV11 6RU
Page 1
RAPID SECURE LIMITED (REGISTERED NUMBER: 06527061)

ABBREVIATED BALANCE SHEET
31 January 2015

2015 2014
Notes £    £   
FIXED ASSETS
Tangible assets 2 8,802 107

CURRENT ASSETS
Stocks 2,502 1,527
Debtors 396,124 349,338
Cash at bank and in hand 127,715 123,200
526,341 474,065
CREDITORS
Amounts falling due within one year (403,598 ) (297,762 )
NET CURRENT ASSETS 122,743 176,303
TOTAL ASSETS LESS CURRENT LIABILITIES 131,545 176,410

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 131,543 176,408
SHAREHOLDERS' FUNDS 131,545 176,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 14 October 2015 and were signed on its behalf
by:





C J Long - Director


The notes form part of these abbreviated accounts

Page 2
RAPID SECURE LIMITED (REGISTERED NUMBER: 06527061)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 January 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents charges invoiced for emergency repair services provided, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tools and equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

All fixed assets are initially recorded at cost.

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract
that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where
shares are issued, any component that creates a financial liability of the company is presented as a liability in
the balance sheet. The corresponding dividends relating to the liability component are charged as interest
expense in the profit and loss account.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2014 246
Additions 10,250
At 31 January 2015 10,496
DEPRECIATION
At 1 February 2014 139
Charge for year 1,555
At 31 January 2015 1,694
NET BOOK VALUE
At 31 January 2015 8,802
At 31 January 2014 107

Page 3 continued...
RAPID SECURE LIMITED (REGISTERED NUMBER: 06527061)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 January 2015

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
2 Ordinary £1 2 2

4. ULTIMATE PARENT COMPANY

The company is under the control of Boing Rapid Secure Limited a company incorporated in England.

Page 4