Rapid Reaction Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05735983 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

RAPID REACTION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A Brown

M Kelly

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

4,195

1,949

CURRENT ASSETS

Debtors

10,106

7,642

Cash at bank and in hand

844

705

10,950

8,347

CREDITORS

Amounts falling due within one year

8,345

7,273

NET CURRENT ASSETS

2,605

1,074

TOTAL ASSETS LESS CURRENT LIABILITIES

6,800

3,023

PROVISIONS FOR LIABILITIES

497

390

NET ASSETS

6,303

2,633

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

6,203

2,533

SHAREHOLDERS' FUNDS

6,303

2,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 15 December 2014 and were signed on its behalf by:

A Brown - 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 April 2008).

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 2013

2,921

Additions

3,295

At 31 March 2014

6,216

DEPRECIATION

At 1 April 2013

972

Charge for year

1,049

At 31 March 2014

2,021

NET BOOK VALUE

At 31 March 2014

4,195

At 31 March 2013

1,949

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100