Rapid Electrical Distributors Limited in Colnbrook Slough, SL3 0NJ

Description

Data updated on: 01-11-2023

Rapid Electrical Distributors came into being in 2004 as a company enlisted under no 05007840, located at SL3 0NJ Colnbrook Slough at Unit 10 Coln Industrial Estate. This firm has been in business for 20 years and its current state is active. This company's SIC code is 46520 and their NACE code stands for Wholesale of electronic and telecommunications equipment and parts. 2022-12-31 is the last time the accounts were filed.

Nicholas E. is the firm's only managing director, that was designated to this position twenty years ago. This company had been presided over by Richard F. until May 2014. Additionally another director, specifically Dale G. quit in 2004. Moreover, the managing director's duties are backed by a secretary - Frances E., who joined the company in May 2014.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2011-12-31	2012-12-31	2013-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency
Net Worth	764 194	771 143	1 040 951

Balance Sheet
Cash Bank On Hand				45 718	1 589 945	601 363	608 542
Current Assets	1 656 409	1 457 081	2 117 246	4 281 126	6 741 785	5 211 713	6 299 652
Debtors	1 482 672	1 120 798	1 892 666	3 453 214	4 290 844	3 659 919	4 804 287
Net Assets Liabilities				586 163	575 123	614 389	718 589
Other Debtors				13 300	823 965	906 609	477 447
Property Plant Equipment				639 446	613 763	606 341	613 897
Total Inventories				782 194	840 834	950 431	886 823
Cash Bank In Hand	48 494	180 161	6 210
Net Assets Liabilities Including Pension Asset Liability	764 194	771 143	1 040 951
Stocks Inventory	125 243	156 122	218 370
Tangible Fixed Assets	323 323	320 142	705 792

Capital & Reserves
Called Up Share Capital	100	100	100
Profit Loss Account Reserve	764 094	771 043	1 040 851
Shareholder Funds	764 194	771 143	1 040 951

Other Financial Data
Audit Fees Expenses				14 100	29 600	11 750	11 750
Accrued Liabilities Deferred Income				15 000	15 000	26 750
Accumulated Depreciation Impairment Property Plant Equipment				228 194	253 877	282 540	320 373
Additions Other Than Through Business Combinations Property Plant Equipment						21 242
Administration Support Average Number Employees				10	9
Administrative Expenses				1 734 971	1 693 872	1 812 866	2 153 163
Amounts Owed By Group Undertakings Participating Interests				784 082	803 803
Amounts Owed To Group Undertakings Participating Interests				100 900	161 668
Applicable Tax Rate				19	19
Average Number Employees During Period				27	27	24	23
Balances Amounts Owed By Related Parties					48 037	31 039
Balances Amounts Owed To Related Parties					109 415	58 319
Bank Borrowings				113 460	1 210 940	290 971	237 695
Bank Borrowings Overdrafts					903 856	692 076	451 448
Cash Cash Equivalents Cash Flow Value				45 718	1 589 945	601 363
Cash Flows Used In Acquiring Or Obtaining Control Subsidiaries Or Other Businesses Classified As Investing Activities					-100 000
Comprehensive Income Expense					13 374	39 266	104 200
Corporation Tax Payable				49 101	30 467	19 500	27 455
Corporation Tax Recoverable						19 500	7 587
Cost Sales				12 726 318	10 459 206	11 030 278	12 261 972
Creditors				3 938 683	5 952 315	692 076	451 448
Current Tax For Period				56 701	33 067	34 877	63 193
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences				2 641	346	5 681
Deferred Tax Liabilities				3 746	4 092
Depreciation Expense Property Plant Equipment				23 897	25 683	3 613	37 833
Depreciation Impairment Expense Property Plant Equipment					25 683	28 663
Dividends Paid				113 996	24 414
Dividends Paid Classified As Financing Activities					-24 414
Dividends Paid On Shares Interim					24 414
Finished Goods Goods For Resale				782 194	840 834
Fixed Assets	323 323	320 142	705 792	639 446	713 763	706 341	713 897
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities					-705 500	227 892
Further Item Tax Increase Decrease Component Adjusting Items					-2 017	5 681
Future Minimum Lease Payments Under Non-cancellable Operating Leases				35 712	15 952	120 497	165 399
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables					-1 858 804	-1 343 580	1 268 914
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables					857 792	790 586	-1 059 781
Gain Loss In Cash Flows From Change In Inventories					58 640	109 597
Government Grant Income					139 566
Gross Profit Loss				2 078 744	1 772 157	1 966 077	2 434 091
Income From Related Parties					211 277	272 360
Income Taxes Paid Refund Classified As Operating Activities					-152 700	-65 344	-43 325
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation					-1 544 227	-988 582	7 179
Increase Decrease In Current Tax From Adjustment For Prior Periods				67 333	100 999	34 877
Increase Decrease In Deferred Tax Liability From Amount Recognised In Profit Or Loss				2 640	346
Increase From Depreciation Charge For Year Property Plant Equipment					25 683	28 663	37 833
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings				82 214	70 064	73 388
Interest Payable Similar Charges Finance Costs				82 214	70 064	73 387	133 906
Investments Fixed Assets					100 000	100 000	100 000
Investments In Subsidiaries					100 000	100 000
Key Management Personnel Compensation Total				58 404	99 067
Net Cash Flows From Used In Financing Activities					-681 086	287 892	390 404
Net Cash Flows From Used In Investing Activities					100 000	81 242	45 389
Net Cash Flows From Used In Operating Activities					-963 141	619 448	-442 972
Net Cash Generated From Operations					-1 185 905	480 717	-620 203
Net Current Assets Liabilities	614 174	620 572	791 398	342 443	769 308	609 897	474 244
Net Interest Paid Received Classified As Operating Activities					-70 064	-73 388
Nominal Value Allotted Share Capital				100	100
Number Shares Issued Fully Paid					100
Operating Profit Loss				343 773	217 850	153 211	309 630
Other Creditors				2 019 979	2 634 260	2 074 206	2 726 342
Other Investments Other Than Loans					100 000
Other Operating Income Format1					139 566		28 702
Other Taxation Social Security Payable				125 956	13 083	80 526	101 757
Par Value Share					1
Payments To Related Parties					508 074	372 210
Pension Costs Defined Contribution Plan				32 119	70 121
Pension Other Post-employment Benefit Costs Other Pension Costs				32 119	70 121	126 574	102 307
Percentage Class Share Held In Subsidiary						100	100
Prepayments Accrued Income				130 408	224 793	43 706	232 270
Profit Loss				134 884	13 374	39 266	104 200
Profit Loss On Ordinary Activities Before Tax				261 559	147 786	79 824	175 724
Property Plant Equipment Gross Cost				867 640	867 640	888 881	934 270
Purchase Other Long-term Assets Classified As Investing Activities						60 000
Purchase Property Plant Equipment						-21 242	-45 389
Raw Materials Consumables					840 834	950 431
Research Development Average Number Employees				17	18
Revenue From Commissions				647 445	584 075
Revenue From Sale Goods				14 157 617	11 647 288
Social Security Costs				109 900	99 689	106 180	108 048
Staff Costs Employee Benefits Expense				1 172 251	1 155 272	1 214 029	1 187 744
Taxation Including Deferred Taxation Balance Sheet Subtotal				3 746	4 092	9 773
Tax Expense Credit Applicable Tax Rate				49 696	28 079	15 167
Tax Increase Decrease Arising From Group Relief Tax Reconciliation						-19 199
Tax Increase Decrease From Effect Capital Allowances Depreciation				-3 220	-3 256	-6 694
Tax Increase Decrease From Effect Expenses Not Deductible For Tax Purposes Other Than Goodwill Amortisation Impairment				4 766	10 261
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss					10 261	10 726
Tax Tax Credit On Profit Or Loss On Ordinary Activities				126 675	134 412	40 558	71 524
Total Assets Less Current Liabilities	937 497	940 714	1 497 190	981 889	1 483 071	1 316 238	1 188 141
Total Borrowings					903 856	2 947 948	3 330 089
Total Current Tax Expense Credit				124 034	134 066
Total Operating Lease Payments				64 713	64 713	6 884	487
Trade Creditors Trade Payables				1 514 287	2 790 753	2 109 863	2 675 201
Trade Debtors Trade Receivables				2 525 424	3 262 248	2 630 104	3 930 483
Turnover Revenue				14 805 062	12 231 363	12 996 355	14 696 063
Wages Salaries				1 030 232	985 462	981 275	977 389
Company Contributions To Defined Benefit Plans Directors					35 000	40 000
Director Remuneration					99 067	111 917	115 750
Director Remuneration Benefits Including Payments To Third Parties					134 067	151 917
Dividend Recommended By Directors					13 374
Amount Specific Advance Or Credit Directors						60 000	156 500
Amount Specific Advance Or Credit Made In Period Directors						60 000	96 500
Company Contributions To Money Purchase Plans Directors						40 000	40 000
Accrued Liabilities						26 750	56 958
Additional Provisions Increase From New Provisions Recognised							8 331
Depreciation Amortisation Expense						28 663	37 832
Further Item Interest Expense Component Total Interest Expense						50 105	95 536
Increase Decrease In Stocks Inventories Finished Goods Work In Progress						109 597	-63 608
Interest Expense On Bank Loans Similar Borrowings						23 282	38 370
Interest Paid Classified As Operating Activities						-73 387	-133 906
Investments In Group Undertakings						100 000	100 000
Merchandise						950 431	886 823
Net Assets Liabilities Subsidiaries						115 016	76 061
Other Deferred Tax Expense Credit						5 681	8 331
Profit Loss Subsidiaries						-134 977	38 955
Provisions						9 773	18 104
Provisions For Liabilities Balance Sheet Subtotal						9 773	18 104
Repayments Borrowings Classified As Financing Activities						-227 892	-293 904
Total Additions Including From Business Combinations Property Plant Equipment							45 389
Creditors Due After One Year	171 291	166 723	453 629
Creditors Due Within One Year	1 042 235	836 509	1 325 848
Provisions For Liabilities Charges	2 012	2 848	2 610
Tangible Fixed Assets Additions		5 239	394 496
Tangible Fixed Assets Cost Or Valuation	371 718	376 957	771 453
Tangible Fixed Assets Depreciation	48 395	56 815	65 661
Tangible Fixed Assets Depreciation Charged In Period		8 420	8 846