Rapid Fulfilment Limited - Accounts to registrar (filleted) - small 18.1

Rapid Fulfilment Limited - Accounts to registrar (filleted) - small 18.1

RAPID FULFILMENT LIMITED - Company Information

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REGISTERED NUMBER: 04916361 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30th September 2017

for

Rapid Fulfilment Limited
Rapid Fulfilment Limited (Registered number: 04916361)

Contents of the Financial Statements
for the Year Ended 30th September 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rapid Fulfilment Limited

Company Information
for the Year Ended 30th September 2017







DIRECTORS: S J Hastie
Ms A J Redpath





SECRETARY: Ms A J Redpath





REGISTERED OFFICE: Sovereign House
155 High Street
Aldershot
Hampshire
GU11 1TT





REGISTERED NUMBER: 04916361 (England and Wales)





ACCOUNTANTS: Whiteleys
Chartered Certified Accountants
Sovereign House
155 High Street
Aldershot
Hampshire
GU11 1TT
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Rapid Fulfilment Limited (Registered number: 04916361)

Balance Sheet
30th September 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 369 488

CURRENT ASSETS
Debtors 6 1,388 -
Cash at bank 789 892
2,177 892
CREDITORS
Amounts falling due within one year 7 2,544 1,267
NET CURRENT LIABILITIES (367 ) (375 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2
113

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings - 111
SHAREHOLDERS' FUNDS 2 113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 4th June 2018 and were signed on its
behalf by:





S J Hastie - Director


The notes on pages 3 to 5 form part of these financial statements

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Rapid Fulfilment Limited (Registered number: 04916361)

Notes to the Financial Statements
for the Year Ended 30th September 2017


1. STATUTORY INFORMATION

Rapid Fulfilment Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company
Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 30th September 2017 are the first that are prepared in
accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance
with UK GAAP, the date of transition to FRS 102 Section 1A is 1st October 2015.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents
amounts receivable for goods supplied and services rendered, stated net of discounts and of Value
Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is
probable that future economic benefits will flow to the entity.

Tangible fixed assets
Tangible fixed assets are carried at cost less accumulated depreciation and accumulated impairment
losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,
over their estimated useful lives as follows:

Computer equipment - 25% on reducing balance and 15% on reducing balance

On disposal, the difference between the net disposal proceeds and the carrying amount of the item
sold is recognised in profit or loss.

Going concern
The director has confirmed his intention to continue to support the company. This together with
management information and forecast results leads the director to consider it appropriate to prepare
the financial statements on a going concern basis.

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Rapid Fulfilment Limited (Registered number: 04916361)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2017


3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of
financial assets and liabilities like trade and other accounts receivable and payable, loans from banks
and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each
reporting period for objective evidence of impairment. If objective evidence of impairment is found, an
impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference
between an asset's carrying amount and the present value of estimated cash flows discounted at the
asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate
for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the
difference between an asset's carrying amount and the best estimate, which is an approximation, of
the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial
position when there is an enforceable right to set off the recognised amounts and there is an intention
to settle on a net basis or to realise the asset and settle the liability simultaneously.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property
and equipment, are reviewed to determine whether there is an indication that an asset may be
impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group
of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated
and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the
asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit
or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related
assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount
that would have been determined had no impairment loss been recognised for the asset or group of
related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or
loss.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

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Rapid Fulfilment Limited (Registered number: 04916361)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2017


5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st October 2016
and 30th September 2017 3,717
DEPRECIATION
At 1st October 2016 3,229
Charge for year 119
At 30th September 2017 3,348
NET BOOK VALUE
At 30th September 2017 369
At 30th September 2016 488

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors 1,388 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Taxation and social security 818 528
Other creditors 1,726 739
2,544 1,267

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended
30th September 2017 and 30th September 2016:

2017 2016
£    £   
S J Hastie
Balance outstanding at start of year - -
Amounts advanced 1,388 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,388 -

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