Rapid Rubber (Yorkshire) Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08627210

RAPID RUBBER (YORKSHIRE) LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

21 August 2025

RAPID RUBBER (YORKSHIRE) LTD

STATEMENT OF FINANCIAL POSITION

21 August 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		21,336		21,336

CURRENT ASSETS

Stocks		–	102,500
Debtors	6	1,159,243	1,159,243
		------------	------------
		1,159,243	1,261,743

CREDITORS: amounts falling due within one year	7	( 1,267,367)		( 1,267,367)
		------------		------------
NET CURRENT LIABILITIES			( 108,124)		( 5,624)
			---------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 86,788)		15,712

CREDITORS: amounts falling due after more than one year	8		( 7,480)		( 7,480)

PROVISIONS

Taxation including deferred tax	( 4,054)	( 4,054)
	--------	--------
NET (LIABILITIES)/ASSETS	( 98,322)	4,178
	--------	--------

CAPITAL AND RESERVES

Called up share capital	2	2
Profit and loss account	( 98,324)	4,176
	--------	-------
SHAREHOLDERS (DEFICIT)/FUNDS	( 98,322)	4,178
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 21 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

RAPID RUBBER (YORKSHIRE) LTD

STATEMENT OF FINANCIAL POSITION (continued)

21 August 2025

These financial statements were approved by the board of directors and authorised for issue on 1 September 2025 , and are signed on behalf of the board by:

J Walker
Director

Company registration number: 08627210

RAPID RUBBER (YORKSHIRE) LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 21 AUGUST 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Units 1-5, Oldfield Lane, Wortley, Leeds, LS12 1H2.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have been prepared on the going concern basis. The director considers the going concern basis to be appropriate as he has confirmed his ongoing support.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of services supplied, exclusive of Value Added Tax.

Income tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	25% reducing balance
Fixtures & Fittings	-	25% straight line
Motor Vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to Nil (2024: 19 ).

5. TANGIBLE ASSETS

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 22 August 2024 and 21 August 2025	43,038	2,222	50,339	95,599
	--------	-------	--------	--------
Depreciation
At 22 August 2024 and 21 August 2025	31,484	2,221	40,558	74,263
	--------	-------	--------	--------
Carrying amount
At 21 August 2025	11,554	1	9,781	21,336
	--------	-------	--------	--------
At 21 August 2024	11,554	1	9,781	21,336
	--------	-------	--------	--------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	764,242	764,242
Other debtors	395,001	395,001
	------------	------------
	1,159,243	1,159,243
	------------	------------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	11,745	11,745
Trade creditors	637,962	637,962
Corporation tax	51,817	51,817
Social security and other taxes	261,755	261,755
Invoice discounting	284,644	284,644
Other creditors	19,444	19,444
	------------	------------
	1,267,367	1,267,367
	------------	------------

8. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	7,480	7,480
	-------	-------