Rapid Relocate Limited - Period Ending 2015-02-28

Registration number: 8884830 (England and Wales)

Rapid Relocate Limited

Director's Report and Unaudited Financial Statements

for the Period from 10 February 2014 to 28 February 2015

 

Rapid Relocate Limited
Contents

Company Information   1

Director's Report   2

Profit and Loss Account   3

Balance Sheet   4

Notes to the Financial Statements   5 to 6

Rapid Relocate Limited
Company Information

Directors

R Garbett-Edwards (appointed 23 October 2014)   V Hudson-Findlay (appointed 10 February 2014 and resigned 23 October 2014)

Registered office

Harmer Slater Limited Salatin House 19 Cedar Road Sutton Surrey SM2 5DA

Accountants

Harmer Slater Limited Chartered Accountants Salatin House 19 Cedar Road Sutton Surrey SM2 5DA

Page 1

Rapid Relocate Limited
Director's Report for the Period from 10 February 2014 to
28 February 2015

The director presents her report and the unaudited financial statements for the period from 10 February 2014 to 28 February 2015 .

Incorporation

The company was incorporated on 10 February 2014 and commenced trading on 1 October 2014.

Principal activity

The principal activity of the company is that of sourcing alternative or emergency accommodation on behalf of the insurance industry and emergency services .

Directors of the company

The directors who held office during the period and up to the date of signing these financial statements were as follows:

R Garbett-Edwards (appointed 23 October 2014)

V Hudson-Findlay (appointed 10 February 2014 and resigned 23 October 2014)

Small company provisions

The director has taken advantage of the small companies’ exemptions provided by sections 414B and 415A of the Companies Act 2006 from the requirement to prepare a strategic report and in preparing the Director's Report on the grounds that the company is entitled to prepare its accounts for the year in accordance with the small companies regime.

Approved by the Board on 10 November 2015 and signed on its behalf by:

.........................................
R Garbett-Edwards
Director

Page 2

Rapid Relocate Limited
Profit and Loss Account

for the Period from 10 February 2014 to 28 February 2015

		Note			10 Feb 14 to 28 Feb 15 £
Turnover					2,808
Cost of sales					-
Gross profit					2,808
Administrative expenses					(2,114)
Operating profit					694
Other interest receivable and similar income					7
Profit on ordinary activities before taxation					701
Tax on profit on ordinary activities		3			(140)
Profit for the financial period					561

The notes on pages 5 to 6 form an integral part of these financial statements.
Page 3

Rapid Relocate Limited
(Registration number: 8884830)
Balance Sheet at 28 February 2015

		Note			28 Feb 15 £
Current assets
Debtors		4			71,138
Cash at bank and in hand					16,697
					87,835
Creditors: Amounts falling due within one year		5			(87,273)
Net assets					562
Capital and reserves
Called up share capital		6			1
Profit and loss reserve		7			561
Shareholder's funds					562

The financial statements have been prepared in accordance with the special provisions in Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

For the period ending 28 February 2015 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 accounts for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised for issue by the director on 10 November 2015

.........................................
R Garbett-Edwards
Director

The notes on pages 5 to 6 form an integral part of these financial statements.
Page 4

Rapid Relocate Limited
Notes to the Financial Statements
for the Period from 10 February 2014 to 28 February 2015
(continued)

1	Accounting policies

Going concern

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective April 2008). A summary of the significant accounting policies which have been consistently applied in the current year is set out below. The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents the value of services supplied, net of value added tax.

Taxation

Corporation tax payable is provided on taxable profits at the current rate of tax. Deferred tax is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income or expenditure in tax computations in periods different from those in which they are included in the financial statements. Deferred tax assets and liabilities are not discounted.

2	Director's remuneration

No remuneration was paid to the directors during the period.

3

Taxation

Tax on profit on ordinary activities

		10 Feb 14 to 28 Feb 15 £
Current tax
Corporation tax charge		140

Page 5

Rapid Relocate Limited
Notes to the Financial Statements
for the Period from 10 February 2014 to 28 February 2015
(continued)

4

Debtors

		28 Feb 15 £
Trade debtors		71,137
Called up share capital not paid		1
		71,138

5	Creditors: Amounts falling due within one year

		28 Feb 15 £
Trade creditors		82,119
Corporation tax		140
Social security and other taxes		529
Other creditors		2,435
Accrued expenses		2,050
		87,273

6	Share capital

Allotted, called up and fully paid shares

	28 Feb 15
	No.	£
Ordinary share of £1	1	1

7

Reserves

		Profit and loss reserve £
Profit for the period		561

8

Control

The company is controlled by the director who owns 100% of the called up share capital.

Page 6