IRIS Accounts Production v25.1.0.734 04604526 Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046045262023-12-31046045262024-12-31046045262024-01-012024-12-31046045262022-12-31046045262023-01-012023-12-31046045262023-12-3104604526ns15:EnglandWales2024-01-012024-12-3104604526ns14:PoundSterling2024-01-012024-12-3104604526ns10:Director12024-01-012024-12-3104604526ns10:Director22024-01-012024-12-3104604526ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3104604526ns10:SmallEntities2024-01-012024-12-3104604526ns10:AuditExemptWithAccountantsReport2024-01-012024-12-3104604526ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3104604526ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3104604526ns10:FullAccounts2024-01-012024-12-310460452612024-01-012024-12-3104604526ns10:RegisteredOffice2024-01-012024-12-3104604526ns5:CurrentFinancialInstruments2024-12-3104604526ns5:CurrentFinancialInstruments2023-12-3104604526ns5:Non-currentFinancialInstruments2024-12-3104604526ns5:Non-currentFinancialInstruments2023-12-3104604526ns5:ShareCapital2024-12-3104604526ns5:ShareCapital2023-12-3104604526ns5:RetainedEarningsAccumulatedLosses2024-12-3104604526ns5:RetainedEarningsAccumulatedLosses2023-12-3104604526ns5:NetGoodwill2024-01-012024-12-3104604526ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3104604526ns5:PlantMachinery2024-01-012024-12-3104604526ns5:MotorVehicles2024-01-012024-12-3104604526ns5:ComputerEquipment2024-01-012024-12-3104604526ns5:NetGoodwill2023-12-3104604526ns5:NetGoodwill2024-12-3104604526ns5:NetGoodwill2023-12-3104604526ns5:LeaseholdImprovements2023-12-3104604526ns5:PlantMachinery2023-12-3104604526ns5:MotorVehicles2023-12-3104604526ns5:ComputerEquipment2023-12-3104604526ns5:LeaseholdImprovements2024-01-012024-12-3104604526ns5:LeaseholdImprovements2024-12-3104604526ns5:PlantMachinery2024-12-3104604526ns5:MotorVehicles2024-12-3104604526ns5:ComputerEquipment2024-12-3104604526ns5:LeaseholdImprovements2023-12-3104604526ns5:PlantMachinery2023-12-3104604526ns5:MotorVehicles2023-12-3104604526ns5:ComputerEquipment2023-12-3104604526ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3104604526ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 04604526 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Rapide Tankers Limited

Rapide Tankers Limited (Registered number: 04604526)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

Rapide Tankers Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R Poulton
M Poulton





REGISTERED OFFICE: Full Sutton Ind Estate
Full Sutton
York
East Yorkshire
YO41 1HS





REGISTERED NUMBER: 04604526 (England and Wales)





ACCOUNTANTS: Kaye Middleton & Co
19 Railway Street
Pocklington
York
East Yorkshire
YO42 2QR

Rapide Tankers Limited (Registered number: 04604526)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 184,410 168,423
184,410 168,423

CURRENT ASSETS
Stocks 347,000 335,000
Debtors 6 154,003 268,945
Cash at bank 666 1,901
501,669 605,846
CREDITORS
Amounts falling due within one year 7 330,602 351,331
NET CURRENT ASSETS 171,067 254,515
TOTAL ASSETS LESS CURRENT
LIABILITIES

355,477

422,938

CREDITORS
Amounts falling due after more than one
year

8

(10,833

)

(20,833

)

PROVISIONS FOR LIABILITIES (10,357 ) (12,089 )
NET ASSETS 334,287 390,016

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 334,285 390,014
SHAREHOLDERS' FUNDS 334,287 390,016

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

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

Rapide Tankers Limited (Registered number: 04604526)

Statement of Financial Position - continued
31 December 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:




R Poulton - Director



M Poulton - Director


Rapide Tankers Limited (Registered number: 04604526)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Rapide Tankers 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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


Rapide Tankers Limited (Registered number: 04604526)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 50,000
AMORTISATION
At 1 January 2024
and 31 December 2024 50,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

Rapide Tankers Limited (Registered number: 04604526)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 124,799 131,170 19,495 9,229 284,693
Additions 25,864 809 - 216 26,889
At 31 December 2024 150,663 131,979 19,495 9,445 311,582
DEPRECIATION
At 1 January 2024 4,732 88,052 16,025 7,461 116,270
Charge for year 2,949 6,589 868 496 10,902
At 31 December 2024 7,681 94,641 16,893 7,957 127,172
NET BOOK VALUE
At 31 December 2024 142,982 37,338 2,602 1,488 184,410
At 31 December 2023 120,067 43,118 3,470 1,768 168,423

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 154,003 266,025
Other debtors - 2,920
154,003 268,945

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 56,478 12,789
Trade creditors 181,687 191,670
Amounts owed to group undertakings 37,490 14,990
Taxation and social security 51,043 69,805
Other creditors 3,904 62,077
330,602 351,331

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,833 20,833

Rapide Tankers Limited

Report of the Accountants to the Directors of
Rapide Tankers 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 Statement of Financial Position. 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.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on pages one to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Kaye Middleton & Co
19 Railway Street
Pocklington
York
East Yorkshire
YO42 2QR


13 March 2025