Rapid Design Manfacturing Sols Holdings - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09125662 (England and Wales)

RAPID DESIGN MANUFACTURING SOLUTIONS

HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2019

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

N P Richardson

P L Ryan

REGISTERED OFFICE:

The Exchange

5 Bank Street

Bury

BL9 0DN

REGISTERED NUMBER:

09125662 (England and Wales)

ACCOUNTANTS:

DTE Business Advisers Limited

Chartered Accountants

The Exchange

5 Bank Street

Bury

BL9 0DN

FIXED ASSETS

Investments

4

330,000

330,000

CURRENT ASSETS

Cash in hand

1

1

CREDITORS

Amounts falling due within one year

5

(110,000

)

(110,000

)

NET CURRENT LIABILITIES

(109,999

)

(109,999

)

TOTAL ASSETS LESS CURRENT LIABILITIES

220,001

220,001

CAPITAL AND RESERVES

Called up share capital

20

20

Share premium

219,981

219,981

SHAREHOLDERS' FUNDS

220,001

220,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 23 April 2020 and were signed on its behalf by:

P L Ryan - Director

1.	STATUTORY INFORMATION

Rapid Design Manufacturing Solutions Holdings Limited is a private company, limited by shares, registered in

England and Wales. The company's registered number is 09125662 and the registered office address is The

Exchange, 5 Bank Street, Bury, BL9 0DN.

2.	ACCOUNTING POLICIES

Preparation of consolidated financial statements

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

The financial statements contain information about Rapid Design Manufacturing Solutions Holdings Limited as

an individual and do not contain consolidated financial information as the parent company of a group. The

company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated

financial statements.

Since the year end Coronavirus (Covid -19) has caused significant impact on the UK economy. The directors are

taking appropriate action to keep the subsidiary company open where possible including working on contracts

for the NHS and will utilise all available Government support measures to enable the company to come through

this period. The directors believe that the company is well placed to manage the risks at these challenging times

and therefore continues to adopt a going concern basis of accounting in preparing these financial statements.

Significant judgements and estimates

There are currently no significant judgements and estimates applied by the directors which are considered key to

the preparation of the financial statements.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities like loans from third parties and loans to related parties.

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 the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost,

being the transaction price less any amounts settled.

Fixed asset investments

Investments in subsidiary undertakings are stated at cost less any permanent diminution in value.

Income from fixed asset investments

Income from fixed asset investments is received in the form of dividends and is credited to the income statement

when receivable.

Dividends

Equity dividends are recognised when they become legally payable and are no longer at the discretion of the

company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 August 2018

and 31 July 2019

330,000

NET BOOK VALUE

At 31 July 2019

330,000

At 31 July 2018

330,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed to group undertakings

110,000

110,000

6.	POST BALANCE SHEET EVENTS

Since the year end Coronavirus (Covid -19) has caused significant impact on the UK economy. The directors are

taking appropriate action to keep the subsidiary company open where possible including working on contracts

for the NHS and will utilise all available Government support measures to enable the company to come through

this period.