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Financial Statements for the Year Ended 31 January 2019 |
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Rapid Personnel Limited |
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REGISTERED NUMBER:
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Financial Statements for the Year Ended 31 January 2019 |
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for |
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Rapid Personnel Limited |
Rapid Personnel Limited (Registered number: 04356501) |
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Contents of the Financial Statements |
for the Year Ended 31 January 2019 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Rapid Personnel Limited |
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Company Information |
for the Year Ended 31 January 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Devonshire House |
582 Honeypot Lane |
Stanmore |
Middlesex |
HA7 1JS |
Rapid Personnel Limited (Registered number: 04356501) |
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Statement of Financial Position |
31 January 2019 |
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31.1.19 | 31.1.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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( |
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PROVISIONS FOR LIABILITIES | 9 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
Rapid Personnel Limited (Registered number: 04356501) |
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Statement of Financial Position - continued |
31 January 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Rapid Personnel Limited (Registered number: 04356501) |
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Notes to the Financial Statements |
for the Year Ended 31 January 2019 |
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1. | STATUTORY INFORMATION |
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Rapid Personnel Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position date. |
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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. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Rapid Personnel Limited (Registered number: 04356501) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2019 |
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4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | and | Motor | Computer |
property | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 February 2018 |
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Additions |
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Disposals |
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At 31 January 2019 |
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DEPRECIATION |
At 1 February 2018 |
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Charge for year |
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Eliminated on disposal |
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At 31 January 2019 |
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NET BOOK VALUE |
At 31 January 2019 |
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At 31 January 2018 |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST |
At 1 February 2018 |
and 31 January 2019 |
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NET BOOK VALUE |
At 31 January 2019 |
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At 31 January 2018 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.19 | 31.1.18 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.19 | 31.1.18 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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Rapid Personnel Limited (Registered number: 04356501) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2019 |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.1.19 | 31.1.18 |
£ | £ |
Other creditors |
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9. | PROVISIONS FOR LIABILITIES |
31.1.19 | 31.1.18 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
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Deferred |
tax |
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Balance at 1 February 2018 |
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Accelerated Capital Allowances | 4,618 |
Balance at 31 January 2019 |
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10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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During the year ended 31 January 2019, Rapid Personnel Ltd owed £24,138 to its Directors. This amount is |
reflected in the director`s loan accounts in credit balances, which is shown in Director's current accounts under |
creditors due within one year. Please be advised that the director has agreed to provide this loan on an interest |
free basis and the loan is repayable on demand. |
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11. | RELATED PARTY DISCLOSURES |
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During the year ended 31 January 2019, Rapid Personnel Ltd provided a short-term loan of £286,215 to its |
subsidiary, Info-Site Ltd. This loan was provided on an interest free basis and it is repayable on demand. This |
loan is included within Amounts owed by group undertakings under Debtors falling due within one year. Please |
be advised that Info-Site Ltd is the subsidiary company and is wholly owned by Rapid Personnel Ltd. |
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Intercompany Loan: |
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During the year ended 31 January 2019, Rapid Personnel Ltd provided a short-term loan amount to the |
associated company, RPR Recruitment Ltd of £16,100. The loan was provided on an interest free basis and is |
repayable on demand. This amount is shown in the Loan to Associate account under Debtors within one year. |
Both the directors are directors and shareholders of both RPR Recruitment Ltd and Rapid Personnel Ltd. |
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Management Fees Charge to RPR Recruitment Ltd: |
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During the year ended 31 January 2019, Rapid Personnel Ltd provided management services to RPR |
Recruitment Ltd. Rapid Personnel Ltd charged RPR Recruitment Ltd £3,709 for providing these management |
services. These services were provided on commercial terms and were charged at fair value, being an arm's |
length transactions. |