Rapid Reaction Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05735983 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

RAPID REACTION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

W McKay

REGISTERED OFFICE:

Unit 4

Eshott Heugh Farm

Felton

Morpeth

Northumberland

NE65 9QH

REGISTERED NUMBER:

05735983 (England and Wales)

ACCOUNTANTS:

Greaves Grindle

Chartered Accountants

Victoria House

Bondgate Within

Alnwick

Northumberland

NE66 1TA

FIXED ASSETS

Tangible assets

2

2,194

3,120

CURRENT ASSETS

Debtors

11,261

11,847

Cash at bank and in hand

1,511

669

12,772

12,516

CREDITORS

Amounts falling due within one year

4,450

6,096

NET CURRENT ASSETS

8,322

6,420

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,516

9,540

PROVISIONS FOR LIABILITIES

439

624

NET ASSETS

10,077

8,916

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

9,977

8,816

SHAREHOLDERS' FUNDS

10,077

8,916

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 15 December 2016 and were signed by:

W McKay - 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 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

-

20% on reducing balance

Motor vehicles

-

20% 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 April 2015

5,723

Additions

1,510

Disposals

(3,300

)

At 31 March 2016

3,933

DEPRECIATION

At 1 April 2015

2,603

Charge for year

554

Eliminated on disposal

(1,418

)

At 31 March 2016

1,739

NET BOOK VALUE

At 31 March 2016

2,194

At 31 March 2015

3,120

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100