IRIS Accounts Production v24.1.0.578 06983331 Board of Directors 1.2.23 31.1.24 31.1.24 true false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069833312023-01-31069833312024-01-31069833312023-02-012024-01-31069833312022-01-31069833312022-02-012023-01-31069833312023-01-3106983331ns15:EnglandWales2023-02-012024-01-3106983331ns14:PoundSterling2023-02-012024-01-3106983331ns10:Director12023-02-012024-01-3106983331ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3106983331ns10:SmallEntities2023-02-012024-01-3106983331ns10:AuditExemptWithAccountantsReport2023-02-012024-01-3106983331ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3106983331ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3106983331ns10:FullAccounts2023-02-012024-01-3106983331ns10:OrdinaryShareClass12023-02-012024-01-3106983331ns10:OrdinaryShareClass42023-02-012024-01-3106983331ns10:OrdinaryShareClass52023-02-012024-01-3106983331ns10:Director22023-02-012024-01-3106983331ns10:Director32023-02-012024-01-3106983331ns10:Director42023-02-012024-01-3106983331ns10:CompanySecretary12023-02-012024-01-3106983331ns10:RegisteredOffice2023-02-012024-01-3106983331ns5:CurrentFinancialInstruments2024-01-3106983331ns5:CurrentFinancialInstruments2023-01-3106983331ns5:ShareCapital2024-01-3106983331ns5:ShareCapital2023-01-3106983331ns5:SharePremium2024-01-3106983331ns5:SharePremium2023-01-3106983331ns5:CapitalRedemptionReserve2024-01-3106983331ns5:CapitalRedemptionReserve2023-01-3106983331ns5:RetainedEarningsAccumulatedLosses2024-01-3106983331ns5:RetainedEarningsAccumulatedLosses2023-01-3106983331ns5:PlantMachinery2023-02-012024-01-3106983331ns5:PlantMachinery2023-01-3106983331ns5:PlantMachinery2024-01-3106983331ns5:PlantMachinery2023-01-3106983331ns5:CostValuation2023-01-3106983331ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3106983331ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3106983331ns5:WithinOneYear2024-01-3106983331ns5:WithinOneYear2023-01-3106983331ns5:BetweenOneFiveYears2024-01-3106983331ns5:BetweenOneFiveYears2023-01-3106983331ns5:AllPeriods2024-01-3106983331ns5:AllPeriods2023-01-3106983331ns10:OrdinaryShareClass12024-01-3106983331ns10:OrdinaryShareClass42024-01-3106983331ns10:OrdinaryShareClass52024-01-3106983331ns10:Director222023-01-3106983331ns10:Director222022-01-3106983331ns10:Director222023-02-012024-01-3106983331ns10:Director222022-02-012023-01-3106983331ns10:Director222024-01-3106983331ns10:Director222023-01-3106983331ns10:Director332023-01-3106983331ns10:Director332022-01-3106983331ns10:Director332023-02-012024-01-3106983331ns10:Director332022-02-012023-01-3106983331ns10:Director332024-01-3106983331ns10:Director332023-01-31
REGISTERED NUMBER: 06983331 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

BOING RAPID SECURE LIMITED

BOING RAPID SECURE LIMITED (REGISTERED NUMBER: 06983331)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

BOING RAPID SECURE LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTORS: C J Long
R J Tomkins
P Carvell
C B G Campbell





SECRETARY: C J Long





REGISTERED OFFICE: Manor Court Chambers
Townsend Drive
Nuneaton
Warwickshire
CV11 6RU





BUSINESS ADDRESS: Unit 1 & 2 Acorn Court
Bridge Industrial Estate
Silfield Road
Wymondham
Norfolk
NR18 9AL





REGISTERED NUMBER: 06983331 (England and Wales)





ACCOUNTANTS: SFB Group Limited
Chartered Accountants
Manor Court Chambers
Townsend Drive
Nuneaton
Warwickshire
CV11 6RU

BOING RAPID SECURE LIMITED (REGISTERED NUMBER: 06983331)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,721 29,208
Investments 5 2 2
20,723 29,210

CURRENT ASSETS
Debtors 6 2,050,704 1,859,463
Cash at bank and in hand 737,739 599,697
2,788,443 2,459,160
CREDITORS
Amounts falling due within one year 7 583,108 442,644
NET CURRENT ASSETS 2,205,335 2,016,516
TOTAL ASSETS LESS CURRENT LIABILITIES 2,226,058 2,045,726

PROVISIONS FOR LIABILITIES 4,979 5,550
NET ASSETS 2,221,079 2,040,176

CAPITAL AND RESERVES
Called up share capital 9 2,214 2,214
Share premium 2,770 2,770
Capital redemption reserve 13 13
Retained earnings 2,216,082 2,035,179
SHAREHOLDERS' FUNDS 2,221,079 2,040,176

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:



C J Long - Director


BOING RAPID SECURE LIMITED (REGISTERED NUMBER: 06983331)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Boing Rapid Secure 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents mostly the fees invoiced for the provision of call centre services and charges invoiced for emergency repair services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

All fixed assets are initially recorded at cost.

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

Taxation
Taxation for the year comprises corporation and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Corporation or deferred taxation assets and liabilities are not discounted.

Corporation 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

BOING RAPID SECURE LIMITED (REGISTERED NUMBER: 06983331)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 77,513
Additions 1,139
Disposals (19,654 )
At 31 January 2024 58,998
DEPRECIATION
At 1 February 2023 48,305
Charge for year 6,327
Eliminated on disposal (16,355 )
At 31 January 2024 38,277
NET BOOK VALUE
At 31 January 2024 20,721
At 31 January 2023 29,208

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 2
NET BOOK VALUE
At 31 January 2024 2
At 31 January 2023 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 410,042 372,408
Amounts owed by group undertakings 1,527,605 1,378,557
Other debtors 113,057 108,498
2,050,704 1,859,463

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,720 12,878
Taxation and social security 507,638 357,107
Other creditors 63,750 72,659
583,108 442,644

BOING RAPID SECURE LIMITED (REGISTERED NUMBER: 06983331)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 23,127 13,948
Between one and five years 19,070 20,032
42,197 33,980

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,000 Ordinary A £1 2,000 2,000
2 Ordinary B £1 2 2
1 Ordinary C £1 1 1
211 Ordinary D £1 211 211
2,214 2,214

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
R J Tomkins
Balance outstanding at start of year 54,069 30,130
Amounts advanced 19,502 23,939
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 73,571 54,069

P Carvell
Balance outstanding at start of year 10,392 15,597
Amounts repaid (5,253 ) (5,205 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,139 10,392

The directors have been charged interest at 2.00% (2.25% from 6 April 2023) on their overdrawn balances in line with the beneficial loan arrangement interest rates set by H M Revenue and Customs.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BOING RAPID SECURE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Boing Rapid Secure Limited for the year ended 31 January 2024 which comprise the Profit and Loss Account, 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 Boing Rapid Secure 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 Boing Rapid Secure Limited and state those matters that we have agreed to state to the Board of Directors of Boing Rapid Secure 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 Boing Rapid Secure Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Boing Rapid Secure 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 Boing Rapid Secure Limited. You consider that Boing Rapid Secure 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 Boing Rapid Secure 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.






SFB Group Limited
Chartered Accountants
Manor Court Chambers
Townsend Drive
Nuneaton
Warwickshire
CV11 6RU


14 October 2024