IRIS Accounts Production v25.1.3.33 02245988 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:kWh022459882023-12-31022459882024-12-31022459882024-01-012024-12-31022459882022-12-31022459882023-01-012023-12-31022459882023-12-3102245988ns15:EnglandWales2024-01-012024-12-3102245988ns14:PoundSterling2024-01-012024-12-3102245988ns10:Director12024-01-012024-12-3102245988ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3102245988ns10:SmallEntities2024-01-012024-12-3102245988ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3102245988ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3102245988ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3102245988ns10:FullAccounts2024-01-012024-12-310224598812024-01-012024-12-3102245988ns10:Director22024-01-012024-12-3102245988ns10:Director32024-01-012024-12-3102245988ns10:Director42024-01-012024-12-3102245988ns10:CompanySecretary12024-01-012024-12-3102245988ns10:RegisteredOffice2024-01-012024-12-3102245988ns5:CurrentFinancialInstruments2024-12-3102245988ns5:CurrentFinancialInstruments2023-12-3102245988ns5:Non-currentFinancialInstruments2024-12-3102245988ns5:Non-currentFinancialInstruments2023-12-3102245988ns5:ShareCapital2024-12-3102245988ns5:ShareCapital2023-12-3102245988ns5:RetainedEarningsAccumulatedLosses2024-12-3102245988ns5:RetainedEarningsAccumulatedLosses2023-12-3102245988ns5:NetGoodwill2024-01-012024-12-3102245988ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3102245988ns5:PlantMachinery2024-01-012024-12-3102245988ns5:FurnitureFittings2024-01-012024-12-3102245988ns5:NetGoodwill2023-12-3102245988ns5:NetGoodwill2024-12-3102245988ns5:NetGoodwill2023-12-3102245988ns5:LeaseholdImprovements2023-12-3102245988ns5:PlantMachinery2023-12-3102245988ns5:FurnitureFittings2023-12-3102245988ns5:LeaseholdImprovements2024-01-012024-12-3102245988ns5:LeaseholdImprovements2024-12-3102245988ns5:PlantMachinery2024-12-3102245988ns5:FurnitureFittings2024-12-3102245988ns5:LeaseholdImprovements2023-12-3102245988ns5:PlantMachinery2023-12-3102245988ns5:FurnitureFittings2023-12-3102245988ns5:CostValuation2023-12-3102245988ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-12-3102245988ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31
REGISTERED NUMBER: 02245988 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RAPIER DESIGN LIMITED

RAPIER DESIGN LIMITED (REGISTERED NUMBER: 02245988)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAPIER DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: R Brazier
Ms H R De Bois
C Litchfield
C Whittaker





SECRETARY: Ms H R De Bois





REGISTERED OFFICE: The Old Barn
Unit 1, Hillside Farm
Pepper Hill, Great Amwell
Ware
Hertfordshire
SG12 9FX





REGISTERED NUMBER: 02245988 (England and Wales)





ACCOUNTANTS: Tayler Bradshaw
Cambridge House
16 High Street
Saffron Walden
Essex
CB10 1AX

RAPIER DESIGN LIMITED (REGISTERED NUMBER: 02245988)

BALANCE SHEET
31 DECEMBER 2024

31/12/24 31/12/23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 47,221 49,150
Investments 6 102 102
47,323 49,252

CURRENT ASSETS
Debtors 7 628,028 2,110,243
Cash at bank and in hand 4,151,785 4,231,938
4,779,813 6,342,181
CREDITORS
Amounts falling due within one year 8 2,175,582 4,459,775
NET CURRENT ASSETS 2,604,231 1,882,406
TOTAL ASSETS LESS CURRENT LIABILITIES 2,651,554 1,931,658

CREDITORS
Amounts falling due after more than one
year

9

-

(109,375

)

PROVISIONS FOR LIABILITIES (11,805 ) (12,288 )
NET ASSETS 2,639,749 1,809,995

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 2,629,749 1,799,995
2,639,749 1,809,995

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.

RAPIER DESIGN LIMITED (REGISTERED NUMBER: 02245988)

BALANCE SHEET - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:





Ms H R De Bois - Director


RAPIER DESIGN LIMITED (REGISTERED NUMBER: 02245988)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Rapier Design 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 2007, is being amortised evenly over its estimated useful life of twenty 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.
Computer equipment - 54% on reducing balance
Fixtures and fittings - 21% on reducing balance

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.

RAPIER DESIGN LIMITED (REGISTERED NUMBER: 02245988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 1,799,904
AMORTISATION
At 1 January 2024
and 31 December 2024 1,799,904
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

Goodwill was fully amortised in year ended 31 December 2023.

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Computer and
property equipment fittings Totals
£    £    £    £   
COST
At 1 January 2024 9,440 79,977 59,187 148,604
Additions 11,495 26,625 6,526 44,646
Disposals (9,440 ) (6,563 ) (43,932 ) (59,935 )
At 31 December 2024 11,495 100,039 21,781 133,315
DEPRECIATION
At 1 January 2024 4,342 46,855 48,257 99,454
Charge for year 2,299 28,780 2,271 33,350
Eliminated on disposal (4,342 ) (5,132 ) (37,236 ) (46,710 )
At 31 December 2024 2,299 70,503 13,292 86,094
NET BOOK VALUE
At 31 December 2024 9,196 29,536 8,489 47,221
At 31 December 2023 5,098 33,122 10,930 49,150

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 102
NET BOOK VALUE
At 31 December 2024 102
At 31 December 2023 102

RAPIER DESIGN LIMITED (REGISTERED NUMBER: 02245988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 297,876 1,123,168
Other debtors 330,152 987,075
628,028 2,110,243

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts - 187,500
Payments on account 411,142 2,312,284
Trade creditors 1,024,818 1,347,924
Amounts owed to group undertakings 20,109 69,259
Taxation and social security 408,785 304,554
Other creditors 310,728 238,254
2,175,582 4,459,775

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans - 109,375

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the parent company, Rapiergroup Limited, company number 10790822. A copy of the parent's accounts can be found at Companies House.