Rapid Precision Services Ltd - Abbreviated accounts 16.1

Rapid Precision Services Ltd - Abbreviated accounts 16.1

RAPID PRECISION SERVICES LTD - Company Information

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REGISTERED NUMBER: 08344167















RAPID PRECISION SERVICES LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016





Roberts & Co
Chartered Accountants
2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR








RAPID PRECISION SERVICES LTD (REGISTERED NUMBER: 08344167)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016










Page

Company information 1

Abbreviated balance sheet 2

Notes to the abbreviated accounts 3

RAPID PRECISION SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2016







Director: M J Willmot





Registered office: 2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR





Business address: 6 Drury Lane
Hunsdon
Ware
Hertfordshire
SG12 8NU





Registered number: 08344167





Accountants: Roberts & Co
Chartered Accountants
2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR
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RAPID PRECISION SERVICES LTD (REGISTERED NUMBER: 08344167)

ABBREVIATED BALANCE SHEET
31 JANUARY 2016

2016 2015
Notes £    £    £    £   
Fixed assets
Tangible assets 2 195 260

Current assets
Debtors 4,147 4,340
Cash at bank 4,366 3,193
8,513 7,533
Creditors
Amounts falling due within one year 8,316 7,395
Net current assets 197 138
Total assets less current liabilities 392 398

Capital and reserves
Called up share capital 3 100 100
Profit and loss account 292 298
Shareholders' funds 392 398

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 27 October 2016 and were signed by:





M J Willmot - Director


The notes form part of these abbreviated accounts

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RAPID PRECISION SERVICES LTD (REGISTERED NUMBER: 08344167)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016


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 January 2015).

Turnover
Turnover represents net invoiced sales of goods, 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.

Plant and machinery etc - 25% on reducing balance

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

2. Tangible fixed assets
Total
£   
Cost
At 1 February 2015
and 31 January 2016 350
Depreciation
At 1 February 2015 90
Charge for year 65
At 31 January 2016 155
Net book value
At 31 January 2016 195
At 31 January 2015 260

3. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

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