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REGISTERED NUMBER: 05056810 (England and Wales)















RAPID HEAT SYSTEMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025






RAPID HEAT SYSTEMS LIMITED (REGISTERED NUMBER: 05056810)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


RAPID HEAT SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







Directors: P J Graham
Ms S Roberts
A Macallister





Secretary: Ms S Roberts





Registered office: Deva House
Knutsford Way
Sealand Industrial Estate
Chester
Cheshire
CH1 4NX





Registered number: 05056810 (England and Wales)





Accountants: Xeinadin North West Ltd
St Andrews House
Yale Business Village
Ellice Way
Wrexham
Wrexham CB

RAPID HEAT SYSTEMS LIMITED (REGISTERED NUMBER: 05056810)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
Fixed assets
Tangible assets 4 456,773 376,051

Current assets
Stocks 70,534 58,405
Debtors 5 357,137 197,907
Cash at bank and in hand 416,398 240,212
844,069 496,524
Creditors
Amounts falling due within one year 6 417,770 237,267
Net current assets 426,299 259,257
Total assets less current liabilities 883,072 635,308

Creditors
Amounts falling due after more than one
year

7

-

(27,217

)

Provisions for liabilities (113,740 ) (93,800 )
Net assets 769,332 514,291

Capital and reserves
Called up share capital 55 55
Capital redemption reserve 8 45 45
Retained earnings 769,232 514,191
Shareholders' funds 769,332 514,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

RAPID HEAT SYSTEMS LIMITED (REGISTERED NUMBER: 05056810)

BALANCE SHEET - continued
31 MARCH 2025


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 11 June 2025 and were signed on its behalf by:





P J Graham - Director


RAPID HEAT SYSTEMS LIMITED (REGISTERED NUMBER: 05056810)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. Statutory information

Rapid Heat Systems 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 represents sales of goods and services, excluding value added tax, discounts and sale returns. Income is recognised in the period in which goods or services were provided.

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 20% on reducing balance

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

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

RAPID HEAT SYSTEMS LIMITED (REGISTERED NUMBER: 05056810)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. Accounting policies - continued

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 5 (2024 - 6 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2024 1,405,897
Additions 199,061
Disposals (124,945 )
At 31 March 2025 1,480,013
Depreciation
At 1 April 2024 1,029,846
Charge for year 66,653
Eliminated on disposal (73,259 )
At 31 March 2025 1,023,240
Net book value
At 31 March 2025 456,773
At 31 March 2024 376,051

Included in the net book value of £456,773 are assets on hire purchase of £45,115 (2024 £60,153 )
depreciation on these for the year was £15,038 (2024 £20,051 ).

5. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 154,716 121,136
Other debtors 202,421 76,771
357,137 197,907

RAPID HEAT SYSTEMS LIMITED (REGISTERED NUMBER: 05056810)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


6. Creditors: amounts falling due within one year
2025 2024
£    £   
Hire purchase contracts 27,217 27,217
Trade creditors 273,391 50,913
Taxation and social security 76,123 58,210
Other creditors 41,039 100,927
417,770 237,267

7. Creditors: amounts falling due after more than one year
2025 2024
£    £   
Hire purchase contracts - 27,217

8. Reserves
Capital
redemption
reserve
£   
At 1 April 2024
and 31 March 2025 45

9. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
P J Graham
Balance outstanding at start of year (1,644 ) -
Amounts advanced 111,887 -
Amounts repaid (312 ) (1,644 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 109,931 (1,644 )

10. Related party disclosures

The company operates a loan account with the director the amount due to him is shown in other debtors
The loan has interest charged at 2.25% and is repayable on demand.