Rapid Envelopes Limited - Abbreviated accounts 16.3
Rapid Envelopes Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 March 2016 |
| for |
| RAPID ENVELOPES LIMITED |
| RAPID ENVELOPES LIMITED (REGISTERED NUMBER: 03886643) |
| Contents of the Abbreviated Accounts |
| for the year ended 31 March 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| RAPID ENVELOPES LIMITED |
| Company Information |
| for the year ended 31 March 2016 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| RAPID ENVELOPES LIMITED (REGISTERED NUMBER: 03886643) |
| Abbreviated Balance Sheet |
| 31 March 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 2 |
| Investments | 3 |
| Current assets |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 4 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year | 4 | ( |
) | ( |
) |
| Provisions for liabilities | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital | 5 |
| Capital redemption reserve |
| Profit and loss account |
| Shareholders' funds |
| 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 financial statements were approved by the Board of Directors on |
| RAPID ENVELOPES LIMITED (REGISTERED NUMBER: 03886643) |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 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 comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value |
| Added Tax and trade discounts. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| 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 |
| Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of |
| gains and losses in the financial statements and recognition in the tax computation. |
| A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable |
| profits from which the future reversal of the underlying timing differences can be deducted. |
| Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences |
| are expected to reverse. |
| Deferred tax assets and liabilities are not discounted. |
| 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 profit. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired |
| by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase |
| are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risk of |
| ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance |
| charge allocated to future periods. The finance element of the rental payment is charged to the Profit and Loss account so |
| as to produce a constant periodic rate of charge on the net obligation outstanding in each period. |
| Pension costs |
| The company operates a defined contribution pension scheme for employees. The assets of the scheme are held |
| separately from those of the company. The annual contributions payable are charged to the profit and loss account. |
| Operating leases |
| Rentals under operating leases are charged to the Profit and Loss account on a straight line basis over the lease term. |
| Loans to participators |
| Where tax is payable on loans to participators under CTA 2010 s455, the Company treats the amounts paid as a debtor |
| until such time as the repayment of the tax if received from H M Revenue & Customs. |
| RAPID ENVELOPES LIMITED (REGISTERED NUMBER: 03886643) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31 March 2016 |
| 2. | Tangible fixed assets |
| Total |
| £ |
| Cost |
| At 1 April 2015 |
| Additions |
| At 31 March 2016 |
| Depreciation |
| At 1 April 2015 |
| Charge for year |
| At 31 March 2016 |
| Net book value |
| At 31 March 2016 |
| At 31 March 2015 |
| 3. | Fixed asset investments |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| ordinary £0.01 | 50.00 |
| £ | £ |
| Aggregate capital and reserves | 81,582 | 68,037 |
| Profit for the year | 17,546 | 34,959 |
| 4. | Creditors |
| Creditors include an amount of £ |
| 5. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |