Rapid Globe Limited - Accounts to registrar - small 17.2

Rapid Globe Limited - Accounts to registrar - small 17.2


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REGISTERED NUMBER: 05615649(England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Rapid Globe Limited

Rapid Globe Limited (Registered number: 05615649)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rapid Globe Limited

Company Information
for the Year Ended 31 March 2017







DIRECTOR: W Jokhia





REGISTERED OFFICE: 3rd Floor
Scottish Mutual House
27-29 North Street
Hornchurch
Essex
RM11 1RS





REGISTERED NUMBER: 05615649(England and Wales)





ACCOUNTANTS: Bruce Allen LLP
Chartered Certified Accountants
3rd Floor
Scottish Mutual House
27-29 North Street
Hornchurch
Essex
RM11 1RS

Rapid Globe Limited (Registered number: 05615649)

Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,489 1,985

CURRENT ASSETS
Debtors 5 5,053 5,714
Cash at bank 3,485 11,123
8,538 16,837
CREDITORS
Amounts falling due within one year 6 8,091 16,948
NET CURRENT ASSETS/(LIABILITIES) 447 (111 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,936

1,874

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,934 1,872
SHAREHOLDERS' FUNDS 1,936 1,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 6 November 2017and were signed by:



W Jokhia- Director


Rapid Globe Limited (Registered number: 05615649)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Rapid Globe Limited is a private company, limited by shares, registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1.

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2016
and 31 March 2017 6,224
DEPRECIATION
At 1 April 2016 4,239
Charge for year 496
At 31 March 2017 4,735
NET BOOK VALUE
At 31 March 2017 1,489
At 31 March 2016 1,985

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade debtors 2,250 -
Other debtors 2,803 5,714
5,053 5,714

Rapid Globe Limited (Registered number: 05615649)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Taxation and social security 7,532 16,828
Other creditors 559 120
8,091 16,948

7. RELATED PARTY DISCLOSURES



8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W Jokhia.