Abbreviated Company Accounts - RAPID DEVELOPMENTS (NI) LIMITED

Abbreviated Company Accounts - RAPID DEVELOPMENTS (NI) LIMITED


Registered Number NI613932

RAPID DEVELOPMENTS (NI) LIMITED

Abbreviated Accounts

31 August 2016

RAPID DEVELOPMENTS (NI) LIMITED Registered Number NI613932

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Current assets
Debtors 276,856 336,690
Cash at bank and in hand 30,017 4,763
306,873 341,453
Creditors: amounts falling due within one year (34,015) (113,341)
Net current assets (liabilities) 272,858 228,112
Total assets less current liabilities 272,858 228,112
Total net assets (liabilities) 272,858 228,112
Capital and reserves
Called up share capital 2 2 2
Profit and loss account 272,856 228,110
Shareholders' funds 272,858 228,112
  • For the year ending 31 August 2016 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 Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 9 January 2018

And signed on their behalf by:
Mr Francis Devlin, Director

RAPID DEVELOPMENTS (NI) LIMITED Registered Number NI613932

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
2 Ordinary shares of £1 each 2 2