REGISTERED NUMBER: 12893744 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Rapid Group Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

S Chester

SECRETARY:

REGISTERED OFFICE:

Riverside House

Moody Lane

Grimsby

DN31 2SY

REGISTERED NUMBER:

12893744 (England and Wales)

ACCOUNTANTS:

Try Lunn & Co

Chartered Accountants

Roland House

Princes Dock Street

Hull

HU1 2LD

FIXED ASSETS

Tangible assets

4

1,386,836

1,116,416

CURRENT ASSETS

Debtors

5

121,507

76,922

Cash at bank and in hand

199,193

115,469

320,700

192,391

CREDITORS

Amounts falling due within one year

6

276,648

344,060

NET CURRENT ASSETS/(LIABILITIES)

44,052

(151,669

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,430,888

964,747

CREDITORS

Amounts falling due after more than one year

7

126,980

-

NET ASSETS

1,303,908

964,747

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

8

1,303,907

964,746

1,303,908

964,747

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 director acknowledges his 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.

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 director and authorised for issue on 16 September 2025 and were signed by:

S Chester - Director

1.	STATUTORY INFORMATION

Rapid Group Services 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.

Turnover from a contract to provide services is recognised in the period which the services are provided in accordance with the stage of completion of the contract.

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 cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

512,438

828,517

1,340,955

Additions

30,000

509,901

539,901

Disposals

-

(61,500

)

(61,500

)

At 31 December 2024

542,438

1,276,918

1,819,356

DEPRECIATION

At 1 January 2024

-

224,539

224,539

Charge for year

-

256,643

256,643

Eliminated on disposal

-

(48,662

)

(48,662

)

At 31 December 2024

-

432,520

432,520

NET BOOK VALUE

At 31 December 2024

542,438

844,398

1,386,836

At 31 December 2023

512,438

603,978

1,116,416

Included within Land and Buildings, £50,000 (2023: £50,000) relates to Long Leasehold Property.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

7,971

76,922

Other debtors

113,536

-

121,507

76,922

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

120,322

-

Trade creditors

2,238

79,135

Taxation and social security

67,378

36,809

Other creditors

86,710

228,116

276,648

344,060

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

126,980

-

8.

RESERVES

Retained

earnings

£

At 1 January 2024

964,746

Profit for the year

339,161

At 31 December 2024

1,303,907

9.	ULTIMATE CONTROLLING PARTY

The controlling party is S Chester.

The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rapid Group Services Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Rapid Group Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rapid Group Services Limited and state those matters that we have agreed to state to the director of Rapid Group Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rapid Group Services Limited and its director for our work or for this report.

It is your duty to ensure that Rapid Group Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rapid Group Services Limited. You consider that Rapid Group Services Limited 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 financial statements of Rapid Group Services Limited. 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 financial statements.

Try Lunn & Co

Chartered Accountants

Roland House

Princes Dock Street

Hull

HU1 2LD

16 September 2025