RAPID_MEDICAL_LEGAL_LIMIT - Accounts

RAPID MEDICAL LEGAL LIMITED - Company Information

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RAPID MEDICAL LEGAL LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

Company Registration No. 06406640 (England and Wales)

RAPID MEDICAL LEGAL LIMITED

COMPANY INFORMATION

Director

Philip Gibson

Secretary

June Gibson

Company number

06406640

Registered office

Carlton House

Grammar School Street

Bradford

BD1 4NS

Accountants

Naylor Wintersgill Limited

Carlton House

Grammar School Street

Bradford

BD1 4NS

Business address

34 Greenfields

Heckmondwike

WF16 9HG

Bankers

Lloyds Bank Plc

45 Hustlergate

Bradford

BD1 1NT

RAPID MEDICAL LEGAL LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

RAPID MEDICAL LEGAL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

37,110

21,896

Investments

7,500

37,110

29,396

Current assets

Debtors

588

Cash at bank and in hand

69,003

45,234

69,591

45,234

Creditors: amounts falling due within one year

(27,552)

(17,015)

Net current assets

42,039

28,219

Total assets less current liabilities

79,149

57,615

Creditors: amounts falling due after more than one year

(27,288)

(16,770)

Provisions for liabilities

(58)

(512)

51,803

40,333

Capital and reserves

Called up share capital

Profit and loss account

51,802

40,332

Shareholders' funds

51,803

40,333

RAPID MEDICAL LEGAL LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2015

- 2 -

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 23 December 2015

Philip Gibson

Director

Company Registration No. 06406640

RAPID MEDICAL LEGAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Tangible fixed assets and depreciation

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:

Fixtures, fittings & equipment

20% Reducing balance and 33% Straight line

Motor vehicles

25% Reducing balance

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.7

Rental income

Rental income received under leases is recognised on a straight-line basis over the term of the lease and is included within other income.

RAPID MEDICAL LEGAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 April 2014

24,048

7,500

31,548

Additions

21,262

Disposals

(7,500)

At 31 March 2015

45,310

Depreciation

At 1 April 2014

2,152

Charge for the year

6,048

At 31 March 2015

8,200

Net book value

At 31 March 2015

37,110

At 31 March 2014

21,896

7,500

29,396

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £0 (2014 - £19,586).

Net obligations under finance lease and hire purchase contracts are secured by fixed charges on the assets concerned.

Share capital

2015

2014

Allotted, called up and fully paid

10 Ordinary shares of 10p each