Rapidec Ltd - Limited company - abbreviated

REGISTERED NUMBER: 07100280 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 June 2015

for

RAPIDEC LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P R Hill

SECRETARY:

REGISTERED OFFICE:

Churchmill House

Ockford Road

Godalming

Surrey

GU7 1QY

REGISTERED NUMBER:

07100280 (England and Wales)

ACCOUNTANTS:

Churchmill Partnership Limited

Brook House

Mint Street

Godalming

Surrey

GU7 1HE

FIXED ASSETS

Intangible assets

2

-

700

Tangible assets

3

-

200

-

900

CURRENT ASSETS

Stocks

3,000

7,440

Cash in hand

100

3,100

7,540

NET CURRENT ASSETS

3,100

7,540

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,100

8,440

CREDITORS

Amounts falling due after more than one
year

8,940

NET LIABILITIES

(5,840

)

(500

)

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(5,940

)

(600

)

SHAREHOLDERS' FUNDS

(5,840

)

(500

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 16 February 2016 and were signed by:

P R Hill - Director

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).

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery etc

-

20% on 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

1,000

Disposals

(1,000

)

At 30 June 2015

-

AMORTISATION

At 1 July 2014

300

Eliminated on disposal

(300

)

At 30 June 2015

-

NET BOOK VALUE

At 30 June 2015

-

At 30 June 2014

700

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

500

Disposals

(500

)

At 30 June 2015

-

DEPRECIATION

At 1 July 2014

300

Eliminated on disposal

(300

)

At 30 June 2015

-

NET BOOK VALUE

At 30 June 2015

-

At 30 June 2014

200

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

100

Ordinary

100

Rapidec Ltd - Limited company - abbreviated - 11.9

Rapidec Ltd - Limited company - abbreviated - 11.9