Micro-entity Accounts - RAPID ENGINEERING LIMITED

RAPID ENGINEERING LIMITED - Company Information

06112481 RAPID ENGINEERING LIMITED 2017-03-31 false 2016-04-01 2017-03-31 true 06112481 2016-04-01 2017-03-31 06112481 2017-03-31 06112481 2016-03-31 06112481 uk-gaap-cd-bus:Director1 2016-04-01 2017-03-31 06112481 uk-gaap-cd-bus:Director2 2016-04-01 2017-03-31 06112481 uk-gaap-cd-bus:AllEntityOfficers 2016-04-01 2017-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-01 2017-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2017-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 iso4217:GBP shares

Registered Number 06112481

RAPID ENGINEERING LIMITED

Micro-entity Accounts

31 March 2017

RAPID ENGINEERING LIMITED Registered Number 06112481

Micro-entity Balance Sheet as at 31 March 2017

	Notes	2017	2016
		£	£
Fixed assets
Intangible assets	1	-	634
Tangible assets	2	35,418	29,412
		35,418	30,046
Current assets
Stocks		1,500	1,250
Debtors		80,748	77,186
Cash at bank and in hand		22,775	5,130
		105,023	83,566
Creditors: amounts falling due within one year		(54,463)	(56,203)
Net current assets (liabilities)		50,560	27,363
Total assets less current liabilities		85,978	57,409
Creditors: amounts falling due after more than one year		(14,000)	(18,000)
Provisions for liabilities		(6,726)	(5,446)
Total net assets (liabilities)		65,252	33,963
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		65,152	33,863
Shareholders' funds		65,252	33,963

For the year ending 31 March 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 11 May 2017

And signed on their behalf by:
N Howe, Director

RAPID ENGINEERING LIMITED Registered Number 06112481

Notes to the Micro-entity Accounts for the period ended 31 March 2017

1Intangible fixed assets

	£
Cost
At 1 April 2016	8,413
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2017	8,413
Amortisation
At 1 April 2016	7,779
Charge for the year	634
On disposals	-
At 31 March 2017	8,413
Net book values
At 31 March 2017	0
At 31 March 2016	634

2Tangible fixed assets

	£
Cost
At 1 April 2016	69,952
Additions	17,812
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2017	87,764
Depreciation
At 1 April 2016	40,540
Charge for the year	11,806
On disposals	-
At 31 March 2017	52,346
Net book values
At 31 March 2017	35,418
At 31 March 2016	29,412

3Called Up Share Capital
Allotted, called up and fully paid:

	2017 £	2016 £
100 Ordinary shares of £1 each	100	100

4Accounting 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.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 25% per annum on a reducing balance basis
Motor vehicles 25% per annum on a reducing balance basis