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REGISTERED NUMBER: 08093217 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

RESCUE 2 LIMITED

RESCUE 2 LIMITED (REGISTERED NUMBER: 08093217)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


RESCUE 2 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: M Jackaman
S B Jackaman
E C Ball





REGISTERED OFFICE: The Old Stables Decoy Lane
Arundel Road
Arundel
West Sussex
BN18 9QA





REGISTERED NUMBER: 08093217 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

RESCUE 2 LIMITED (REGISTERED NUMBER: 08093217)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 JUNE 2024


The directors present their report with the financial statements of the company for the year ended 30 June 2024.

REVIEW OF BUSINESS
We have seen another year of considerable growth across all sectors of the business, which continues to be driven by our reputation for quality, dedication and a can-do positive attitude. Our drive is to deliver "Safe Places, Safe People" throughout the industry. When it comes to safety, our services save lives. We deliver this with the best education & training programmes around and provide top quality technicians with a safety-first mindset. No job is too big and all problems have a solution.

The business has seen a 98.2% increase in turnover from just over £4.0m to just over £8.0m (2022/23 - 84.6% increase from £2.2m to £4.0m) with an impressive 159% increase in net assets from £512,631 to £1,329,169 (2022/23 - 164% increase from £194,264 to £512,631). All generated through customer recommendations and our reputation within the industry.

We continue to invest in all 3 main services being Rescue, Training and Utilities. During the year we opened our northern office in Doncaster, allowing us to expand our services nationally. This continued investment reflects our confidence in the continued growth and increase in both customers and contracts. Achievement of these financial results outlined in this report, and continued ability to invest in growth of the business is only possible with the full support and energy of the dedicated and professional Rescue, Training and Utilities teams supported by the senior management team.

The Board would like to personally thank each and every individual for playing their significant part in helping the business grow into the success it has become, and their commitment to helping with the overall financial performance of the business. It is with confidence that we will see more significant growth in future years with finances being monitored and managed to ensure that we have a viable, growing and financially secure company moving forward.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2023 to the date of this report.

M Jackaman
S B Jackaman

Other changes in directors holding office are as follows:

E C Ball - appointed 6 April 2024

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S B Jackaman - Director


1 October 2024

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RESCUE 2 LIMITED



In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rescue 2 Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Rescue 2 Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rescue 2 Limited and state those matters that we have agreed to state to the Board of Directors of Rescue 2 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rescue 2 Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rescue 2 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rescue 2 Limited. You consider that Rescue 2 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rescue 2 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ


1 October 2024

RESCUE 2 LIMITED (REGISTERED NUMBER: 08093217)

INCOME STATEMENT
FOR THE YEAR ENDED 30 JUNE 2024

2024 2023
£ £ £ £

TURNOVER 8,019,342 4,045,364

Cost of sales 3,853,767 1,995,235
GROSS PROFIT 4,165,575 2,050,129

Administrative expenses 2,834,901 1,348,041
1,330,674 702,088

Other operating income 11,886 7,952
OPERATING PROFIT 1,342,560 710,040

Income from shares in group undertakings 163,065 -
Interest receivable and similar income 126 -
163,191 -
1,505,751 710,040

Interest payable and similar expenses 72,023 41,992
PROFIT BEFORE TAXATION 1,433,728 668,048

Tax on profit 331,721 190,100
PROFIT FOR THE FINANCIAL YEAR 1,102,007 477,948

RESCUE 2 LIMITED (REGISTERED NUMBER: 08093217)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 386,163 429,879
Tangible assets 5 1,783,066 1,217,370
Investments 6 10 10
2,169,239 1,647,259

CURRENT ASSETS
Stocks 25,258 28,130
Debtors 7 1,775,386 1,335,720
Cash at bank 278,264 254,189
2,078,908 1,618,039
CREDITORS
Amounts falling due within one year 8 2,135,023 2,124,720
NET CURRENT LIABILITIES (56,115 ) (506,681 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,113,124

1,140,578

CREDITORS
Amounts falling due after more than one year 9 (348,597 ) (405,230 )

PROVISIONS FOR LIABILITIES 12 (435,358 ) (222,717 )
NET ASSETS 1,329,169 512,631

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,329,069 512,531
1,329,169 512,631

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

RESCUE 2 LIMITED (REGISTERED NUMBER: 08093217)

BALANCE SHEET - continued
30 JUNE 2024


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

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





S B Jackaman - Director


RESCUE 2 LIMITED (REGISTERED NUMBER: 08093217)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Rescue 2 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.

The presentational currency of the financial statements is Pound Sterling (£) which is rounded to the nearest Pound (£).

2. ACCOUNTING POLICIES

Basis of preparing the 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.

Preparation of consolidated financial statements
The financial statements contain information about Rescue 2 Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover represents the value of services and materials provided to our customers, net of value added tax and is recognised on the date the work is undertaken.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold-Over the terms of the leases (straight line over 7 years and 5 years)
Training equipment-20% on cost
Plant and machinery-20% on cost
Rescue equipment-33% on cost
Motor vehicles-20% on cost and 15% on reducing balance
Computer equipment-33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stock represents water management assets and consumables held by the company at the balance sheet date, which are valued at the lower of cost and net realisable value having taken into account obsolete and slow-moving items.

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 section 1A. Basic financial instruments are recognised at amortised cost using effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.


RESCUE 2 LIMITED (REGISTERED NUMBER: 08093217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 July 2023
and 30 June 2024 437,165
AMORTISATION
At 1 July 2023 7,286
Charge for year 43,716
At 30 June 2024 51,002
NET BOOK VALUE
At 30 June 2024 386,163
At 30 June 2023 429,879

RESCUE 2 LIMITED (REGISTERED NUMBER: 08093217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. TANGIBLE FIXED ASSETS
Short Training Plant and
leasehold equipment machinery
£ £ £
COST
At 1 July 2023 12,899 59,478 124,587
Additions 36,120 47,075 39,441
Disposals - - (405 )
At 30 June 2024 49,019 106,553 163,623
DEPRECIATION
At 1 July 2023 371 2,125 66,292
Charge for year 4,693 19,338 20,631
Eliminated on disposal - - -
At 30 June 2024 5,064 21,463 86,923
NET BOOK VALUE
At 30 June 2024 43,955 85,090 76,700
At 30 June 2023 12,528 57,353 58,295

Rescue Motor Computer
equipment vehicles equipment Totals
£ £ £ £
COST
At 1 July 2023 349,569 985,024 81,194 1,612,751
Additions 427,178 444,935 26,741 1,021,490
Disposals - (38,200 ) - (38,605 )
At 30 June 2024 776,747 1,391,759 107,935 2,595,636
DEPRECIATION
At 1 July 2023 120,694 178,522 27,377 395,381
Charge for year 183,010 159,957 36,006 423,635
Eliminated on disposal - (6,446 ) - (6,446 )
At 30 June 2024 303,704 332,033 63,383 812,570
NET BOOK VALUE
At 30 June 2024 473,043 1,059,726 44,552 1,783,066
At 30 June 2023 228,875 806,502 53,817 1,217,370

RESCUE 2 LIMITED (REGISTERED NUMBER: 08093217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 July 2023
and 30 June 2024 10
NET BOOK VALUE
At 30 June 2024 10
At 30 June 2023 10

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 1,570,874 1,279,676
Other debtors 204,512 56,044
1,775,386 1,335,720

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 520,835 554,436
Hire purchase contracts (see note 10) 322,044 216,073
Trade creditors 537,117 331,821
Amounts owed to group undertakings - 177,042
Corporation Tax 119,080 -
Social security and other taxes 36,792 32,454
VAT 287,254 212,257
Other creditors 18,934 15,564
Directors' current accounts 254,303 404,303
Accruals and deferred income 38,664 180,770
2,135,023 2,124,720

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans - 1-2 years 12,627 10,648
Bank loans - 2-5 years - 11,907
Hire purchase contracts (see note 10) 335,970 382,675
348,597 405,230

RESCUE 2 LIMITED (REGISTERED NUMBER: 08093217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 322,044 216,073
Between one and five years 335,970 382,675
658,014 598,748

Non-cancellable
operating leases
2024 2023
£ £
Within one year 183,721 74,000
Between one and five years 193,762 74,000
377,483 148,000

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank overdrafts 510,187 543,788
Bank loans 23,275 33,203
Hire purchase contracts 658,014 598,748
1,191,476 1,175,739

Bank overdrafts include invoice discounting. Bank loans and overdrafts are secured by a fixed and floating charge over all assets of the company.

Obligations under hire purchase contracts are secured on the assets purchased.

12. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 435,358 222,717

Deferred tax
£
Balance at 1 July 2023 222,717
Accelerated capital allowances 136,309
Utilised losses 76,332
Balance at 30 June 2024 435,358