Rapid Rail International Limited - Accounts to registrar (filleted) - small 18.2
Rapid Rail International Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Rapid Rail International Limited |
| Unaudited Financial Statements for the Year Ended 31 January 2018 |
| Rapid Rail International Limited (Registered number: 04865509) |
| Contents of the Financial Statements |
| for the Year Ended 31 January 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Rapid Rail International Limited |
| Company Information |
| for the Year Ended 31 January 2018 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| 7 Neptune Court |
| Vanguard Way |
| Cardiff |
| CF24 5PJ |
| Rapid Rail International Limited (Registered number: 04865509) |
| Balance Sheet |
| 31 January 2018 |
| 2018 | 2017 |
| Notes | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| Net current assets |
| Total assets less current liabilities |
| Capital and reserves |
| Called up share capital | 7 |
| Capital redemption reserve | 8 |
| Retained earnings | 8 |
| 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. |
| 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 by: |
| Rapid Rail International Limited (Registered number: 04865509) |
| Notes to the Financial Statements |
| for the Year Ended 31 January 2018 |
| 1. | Statutory information |
| Rapid Rail International Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents amounts chargeable, net of value added tax, in respect of the design and manufacture of |
| height safety equipment. |
| 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. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different |
| from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and |
| laws that have been enacted or substantively enacted by the year end and that are expected to apply to the |
| reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 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 result. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's |
| pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| Rapid Rail International Limited (Registered number: 04865509) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2018 |
| 4. | Tangible fixed assets |
| Fixtures |
| Plant and | and | Motor |
| machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 February 2017 |
| Additions |
| At 31 January 2018 |
| Depreciation |
| At 1 February 2017 |
| Charge for year |
| At 31 January 2018 |
| Net book value |
| At 31 January 2018 |
| At 31 January 2017 |
| 5. | Debtors: amounts falling due within one year |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Prepayments |
| 6. | Creditors: amounts falling due within one year |
| 2018 | 2017 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 726 | 23,134 |
| Directors' current accounts | 603 | 499 |
| Accrued expenses |
| Deferred income | - | 54,247 |
| 7. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| ordinary shares | 1 | 700 | 700 |
| Rapid Rail International Limited (Registered number: 04865509) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2018 |
| 8. | Reserves |
| Capital |
| Retained | redemption |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 February 2017 | 1,118,916 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 31 January 2018 | 1,620,207 |
| 9. | Directors' advances, credits and guarantees |
| The following advances and credits to a director subsisted during the years ended 31 January 2018 and |
| 31 January 2017: |
| 2018 | 2017 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| There is no set repayment date and no interest is charged in respect of the outstanding balance. |
| 10. | Ultimate controlling party |
| The controlling party is Mr B R Warren. |