Company Registration No. 04356501 (England and Wales)
Rapid Personnel Limited
Unaudited accounts
for the year ended 31 December 2021
Rapid Personnel Limited
Unaudited accounts
Contents
Rapid Personnel Limited
Company Information
for the year ended 31 December 2021
Directors
Mr Simon Shah
Mr Adam Stratton
Company Number
04356501 (England and Wales)
Registered Office
Alma Street
Reading
Berkshire
RG30 1JS
United Kingdom
Rapid Personnel Limited
Statement of financial position
as at
31 December 2021
Tangible assets
24,236
36,279
Debtors
1,551,049
801,076
Cash at bank and in hand
134,779
253,959
Creditors: amounts falling due within one year
(872,892)
(569,206)
Net current assets
812,936
485,829
Total assets less current liabilities
837,172
523,108
Creditors: amounts falling due after more than one year
(34,167)
(50,000)
Provisions for liabilities
Deferred tax
(11,419)
(11,419)
Net assets
791,586
461,689
Called up share capital
100
100
Profit and loss account
791,486
461,589
Shareholders' funds
791,586
461,689
For the year ending 31 December 2021 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2022 and were signed on its behalf by
Mr Adam Stratton
Director
Company Registration No. 04356501
Rapid Personnel Limited
Notes to the Accounts
for the year ended 31 December 2021
Rapid Personnel Limited is a private company, limited by shares, registered in England and Wales, registration number 04356501. The registered office is Alma Street, Reading, Berkshire, RG30 1JS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% reducing balance
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
Investments in subsidiaries are included at cost.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rapid Personnel Limited
Notes to the Accounts
for the year ended 31 December 2021
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 31 December 2021
52,074
Charge for the year
12,133
At 31 December 2021
27,838
At 31 December 2021
24,236
At 31 December 2020
36,279
5
Investments
Subsidiary undertakings
Valuation at 1 January 2021
1,000
Valuation at 31 December 2021
-
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
1,143,851
485,973
Amounts due from group undertakings etc.
-
288,035
Accrued income and prepayments
8,578
26,268
Other debtors
398,620
800
Rapid Personnel Limited
Notes to the Accounts
for the year ended 31 December 2021
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
10,000
-
Trade creditors
32,611
15,048
Taxes and social security
556,689
282,685
Other creditors
9,180
113,267
Loans from directors
125,734
81,375
8
Creditors: amounts falling due after more than one year
2021
2020
9
Average number of employees
During the year the average number of employees was 10 (2020: 6).