Rapid Bridging Ltd Filleted accounts for Companies House (small and micro)
Rapid Bridging Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
09568514
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Balance Sheet |
2023 |
2022 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
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Cash at bank and in hand |
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--------- |
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Creditors: amounts falling due within one year |
7 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
8 |
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-------- |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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-------- |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income (including profit and loss account) has not been delivered.
Director's responsibilities:
-
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
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Balance Sheet (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
25 January 2024
, and are signed on behalf of the board by:
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Director |
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Company registration number:
09568514
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Notes to the Financial Statements |
Year ended 30 April 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 25 Southampton Buildings, London, WC2A 1AL.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery |
- |
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Impairment of fixed assets
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2022:
2
).
5.
Tangible assets
Plant and machinery |
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£ |
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Cost |
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At 1 May 2022 and 30 April 2023 |
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Depreciation |
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At 1 May 2022 |
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Charge for the year |
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At 30 April 2023 |
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Carrying amount |
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At 30 April 2023 |
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At 30 April 2022 |
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6.
Debtors
2023 |
2022 |
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£ |
£ |
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Trade debtors |
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Amounts owed by related parties |
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Other debtors |
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7.
Creditors:
amounts falling due within one year
2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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Corporation tax |
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Social security and other taxes |
– |
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Other creditors |
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8.
Creditors:
amounts falling due after more than one year
2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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9.
Director's advances, credits and guarantees
10.
Related party transactions
During the year, commission totalling £36,574 was paid to A Head of Time Estates Ltd, a company under common control. Also, further amounts totalling £11,330 were paid on behalf of A Head of Time Estates, so that as at 30 April 2023 £32,760 (2022 £21,430) was owed by that company and will be repaid before 30 April 2024.
11.
Reserves
The only movements in equity during the year were the profit for the year and dividends paid. All of the profit and loss account represents distributable reserves.