Abbreviated Company Accounts - RAPIDINSURE.CO.UK LIMITED

Abbreviated Company Accounts - RAPIDINSURE.CO.UK LIMITED


Registered Number 03870327

RAPIDINSURE.CO.UK LIMITED

Abbreviated Accounts

30 November 2015

RAPIDINSURE.CO.UK LIMITED Registered Number 03870327

Abbreviated Balance Sheet as at 30 November 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 4,314 8,131
4,314 8,131
Current assets
Debtors 75,000 75,000
Cash at bank and in hand 271,821 260,587
346,821 335,587
Creditors: amounts falling due within one year (245,990) (253,719)
Net current assets (liabilities) 100,831 81,868
Total assets less current liabilities 105,145 89,999
Provisions for liabilities (863) (1,626)
Total net assets (liabilities) 104,282 88,373
Capital and reserves
Called up share capital 3 10,000 10,000
Profit and loss account 94,282 78,373
Shareholders' funds 104,282 88,373
  • For the year ending 30 November 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 August 2016

And signed on their behalf by:
R J Underwood, Director

RAPIDINSURE.CO.UK LIMITED Registered Number 03870327

Notes to the Abbreviated Accounts for the period ended 30 November 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
Equipment - 20% straight line

Other accounting policies
All fixed assets are initially recorded at cost.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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 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 directors.deducting all of its liabilities.

2Tangible fixed assets
£
Cost
At 1 December 2014 19,088
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2015 19,088
Depreciation
At 1 December 2014 10,957
Charge for the year 3,817
On disposals -
At 30 November 2015 14,774
Net book values
At 30 November 2015 4,314
At 30 November 2014 8,131
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
100,000 Ordinary shares of £0.10 each 10,000 10,000