SingleRapid Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02506304

SINGLERAPID LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE PERIOD 1 JANUARY 2015 TO 30 JUNE 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S T Arundel

P Bennison

G F Holborn

S Sharma

SECRETARY:

P Bennison

REGISTERED OFFICE:

Gladstone House

77-79 High Street

Egham

Surrey

TW20 9HY

REGISTERED NUMBER:

02506304

FIXED ASSETS

Tangible assets

2

4,588

13,359

CURRENT ASSETS

Stocks

3,908

10,307

Debtors

155,329

234,921

Cash at bank

117,338

19,608

276,575

264,836

CREDITORS

Amounts falling due within one year

3

(239,705

)

(241,803

)

NET CURRENT ASSETS

36,870

23,033

TOTAL ASSETS LESS CURRENT
LIABILITIES

41,458

36,392

CREDITORS

Amounts falling due after more than one
year

3

-

(921

)

NET ASSETS

41,458

35,471

CAPITAL AND RESERVES

Called up share capital

4

25,251

Capital redemption reserve

1,000

Profit and loss account

15,207

9,220

SHAREHOLDERS' FUNDS

41,458

35,471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 29 November 2016 and were signed on
its behalf by:

S T Arundel - Director

P Bennison - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts are prepared on a going concern basis, the use of the going concern basis of accounting

is appropriate because there are no material uncertainties related to events or conditions that may cast

significant doubt about the ability of the company to continue as a going concern.

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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents net invoiced sales of goods and services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

105,849

Additions

2,012

Disposals

(29,993

)

At 30 June 2016

77,868

DEPRECIATION

At 1 January 2015

92,490

Charge for period

10,783

Eliminated on disposal

(29,993

)

At 30 June 2016

73,280

NET BOOK VALUE

At 30 June 2016

4,588

At 31 December 2014

13,359

3.

CREDITORS

Creditors include an amount of £ 0 (2014 - £ 3,683 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2014

value:

£

5,251

Ordinary

£1

5,251

20,000

Ordinary Non-voting

£1

20,000

25,251