Company Registration Number 06520013 (England and Wales)
C & M RAPID LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019
PAGES FOR FILING WITH REGISTRAR
C & M RAPID LIMITED
BALANCE SHEET
AS AT
31 MARCH 2019
31 March 2019
- 1 -
2019
2018
£
£
£
£
Fixed assets
4,253
5,136
Current assets
98,347
60,240
Prepayments and accrued income
2,750
2,750
Creditors: amounts falling due within one year
(54,734)
(39,199)
Net current assets
46,363
23,791
Total assets less current liabilities
50,616
28,927
Creditors: amounts falling due after more than one year
(5,189)
(13,640)
Accruals and deferred income
(4,900)
(7,650)
Net assets
40,527
7,637
Capital and reserves
40,527
7,637
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
During the year, the company made advances totalling £9,717 (2018 - £nil) to Mr J S Clark, the director. These advances were fully repaid in the year.
2
Financial commitments, guarantees and contingencies
The company had bank loans totalling £14,340 (2018 - £21,856) which are secured by a personal guarantee from the director.
At the reporting end date the company had outstanding commitments for future minimum lease payments
under non-cancellable operating leases of £
7,333
(201
8 -
£
18,333
).
3
Employees
The average number of persons
,
including directors
,
employed by the company during the year wa
s as follows:
2019
2018
Number
Number
Employees
3
3
C & M RAPID LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2019
31 March 2019
- 2 -
C & M Rapid Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3-4 Bower Terrace, Tonbridge Road, Maidstone, Kent, ME16 8RY.
For the year ended 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 27 September 2019
Mr J S Clark
Director
Company Registration Number 06520013