Abbreviated Company Accounts - RAPIDFLAME LIMITED

RAPIDFLAME LIMITED - Company Information

03280576 RAPIDFLAME LIMITED 2013-11-30 false 2012-12-01 2013-11-30 true 03280576 2012-12-01 2013-11-30 03280576 2013-11-30 03280576 2012-11-30 03280576 uk-gaap-cd-bus:Director1 2012-12-01 2013-11-30 03280576 uk-gaap-cd-bus:Director2 2012-12-01 2013-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-01 2013-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-30 iso4217:GBP shares

Registered Number 03280576

RAPIDFLAME LIMITED

Abbreviated Accounts

30 November 2013

RAPIDFLAME LIMITED Registered Number 03280576

Abbreviated Balance Sheet as at 30 November 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	8,193	10,758
		8,193	10,758
Current assets
Stocks		69,600	74,200
Debtors		329,122	99,207
Cash at bank and in hand		76,980	138,372
		475,702	311,779
Creditors: amounts falling due within one year		(381,221)	(227,344)
Net current assets (liabilities)		94,481	84,435
Total assets less current liabilities		102,674	95,193
Creditors: amounts falling due after more than one year		(30,017)	(41,563)
Total net assets (liabilities)		72,657	53,630
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		72,557	53,530
Shareholders' funds		72,657	53,630

For the year ending 30 November 2013 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 August 2014

And signed on their behalf by:
Mr J A Davies, Director

RAPIDFLAME LIMITED Registered Number 03280576

Notes to the Abbreviated Accounts for the period ended 30 November 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Long leasehold land and buildings - 15 years straight line
Plant and machinery - 15% reducing balance
Computer equipment - 33 1/3% straight line
Office furniture and fittings - 15% reducing balance
Motor vehicles - 25% reducing balance

Other accounting policies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and losss account.

2Tangible fixed assets

	£
Cost
At 1 December 2012	75,244
Additions	3,377
Disposals	(12,775)
Revaluations	-
Transfers	-
At 30 November 2013	65,846
Depreciation
At 1 December 2012	64,486
Charge for the year	2,911
On disposals	(9,744)
At 30 November 2013	57,653
Net book values
At 30 November 2013	8,193
At 30 November 2012	10,758

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
100 Ordinary shares of £1 each	100	100