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Registered Number: 10733891


 

 

 

RAPID INDUSTRIAL FLOORING SERVICES LTD



Abridged Accounts
 


Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

Rapid Industrial Flooring Services Ltd
Contents Page
For the year ended 31 March 2025
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Rapid Industrial Flooring Services Ltd for the year ended 31 March 2025.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rapid Industrial Flooring Services Ltd for the year ended 31 March 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Rapid Industrial Flooring Services Ltd , as a body, in accordance with the terms of our engagement letter dated 03 September 2025. Our work has been undertaken solely to prepare for your approval the accounts of Rapid Industrial Flooring Services Ltd and state those matters that we have agreed to state to the Board of Directors of Rapid Industrial Flooring Services Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rapid Industrial Flooring Services Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Rapid Industrial Flooring Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Rapid Industrial Flooring Services Ltd . You consider that Rapid Industrial Flooring Services Ltd 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 accounts of Rapid Industrial Flooring Services Ltd . 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 accounts

31 March 2025.



....................................................
Kendall Accountancy Services Limited
2 Exeter Street
Cottingham
Hull
East Yorkshire
HU16 4LU
03 September 2025
1
 
 		 Notes
 		 2025
£		   2024
£
Fixed assets      
Tangible fixed assets 4 225,948    185,611 
225,948    185,611 
Current assets      
Stocks 28,845    7,171 
Debtors 363,687    614,973 
Cash at bank and in hand 446,324    354,918 
838,856    977,062 
Creditors: amount falling due within one year (407,137)   (322,706)
Net current assets 431,719    654,356 
 
Total assets less current liabilities 657,667    839,967 
Creditors: amount falling due after more than one year (70,940)   (57,427)
Provisions for liabilities (56,487)   (46,403)
Net assets 530,240    736,137 
 

Capital and reserves 		     
Called up share capital 5 100    100 
Profit and loss account 530,140    736,037 
Shareholders' funds 530,240    736,137 
 


For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 03 September 2025 and were signed on its behalf by:


-------------------------------
Alan Cotton
Director
2
General Information
Rapid Industrial Flooring Services Ltd is a private company, limited by shares, registered in , registration number 10733891, registration address 108 Brincliffe Edge Road, Sheffied, South Yorkshire, S11 9BX .

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 15% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Computer Equipment 33% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 7 (2024 : 6).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2024 24,000    24,000 
Additions -    - 
Disposals -    - 
At 31 March 2025 24,000    24,000 
Amortisation
At 01 April 2024 24,000    24,000 
Charge for year -    - 
On disposals -    - 
At 31 March 2025 24,000    24,000 
Net book values
At 31 March 2025 -    - 
At 31 March 2024 -    - 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 April 2024 41,754    247,536    7,103    9,584    305,977 
Additions 5,641    93,922    533    5,328    105,424 
Disposals -    (36,532)   -    -    (36,532)
At 31 March 2025 47,395    304,926    7,636    14,912    374,869 
Depreciation
At 01 April 2024 22,095    88,414    2,695    7,161    120,365 
Charge for year 6,476    58,923    650    1,975    68,024 
On disposals -    (39,468)   -    -    (39,468)
At 31 March 2025 28,571    107,869    3,345    9,136    148,921 
Net book values
Closing balance as at 31 March 2025 18,824    197,057    4,291    5,776    225,948 
Opening balance as at 01 April 2024 19,658    159,122    4,408    2,423    185,611 


5.

Share Capital

Allotted, called up and fully paid
2025
£		   2024
£
100 Class A shares of £1.00 each 100    100 
5 Class B shares of £0.01 each -    - 
100    100 

6.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2025
£		 2024
£		 2025
£		 2024
£
Brocot Limited- - (125,686)- 
BK Aquadrain Limited- - 2,500 - 

Brocot has provided an interest free loan to Rapid Industrial Flooring Services Ltd
Rapid Industrial Flooring Services Ltd has provided an interest free loan to BK Aquadrain Limited.
7.

Controlling Parties

The company's immediate parent undertaking is Brocot Limited.

The ultimate parent undertaking is Brocot Limited (incorporated in England & wales). Its registered office is 2 Exeter Street, Cottingham, HU16 4LU.
3