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REGISTERED NUMBER: 11278769 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 29 DECEMBER 2024 |

| FOR |

| RAPID GLOBAL LOGISTICS LTD |

RAPID GLOBAL LOGISTICS LTD (REGISTERED NUMBER: 11278769)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

RAPID GLOBAL LOGISTICS LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 29 DECEMBER 2024

| DIRECTORS: | R Hasan

| R V M Hendriks

| M A Rodermond

| REGISTERED OFFICE: | Unit J, Dean Way

| Great Western Industrial Park

| Southall

| UB2 4SB

| REGISTERED NUMBER: | 11278769 (England and Wales)

| AUDITORS: | RJP LLP

| Chartered Certified Accountants &

| Statutory Auditors

| Ground Floor

| Egerton House

| 68 Baker Street

| Weybridge

| Surrey

| KT13 8AL

RAPID GLOBAL LOGISTICS LTD (REGISTERED NUMBER: 11278769)

BALANCE SHEET

29 DECEMBER 2024

| 29.12.24 | 29.12.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 96,788 |  | 119,997 |  |

CURRENT ASSETS

Debtors | 5 | 1,139,711 |  | 1,685,183 |  |

Cash at bank | 594,003 |  | 410,582 |  |

1,733,714 |  | 2,095,765 |  |

CREDITORS

Amounts falling due within one year | 6 | 732,742 |  | 656,477 |  |

NET CURRENT ASSETS | 1,000,972 |  | 1,439,288 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,097,760 |  | 1,559,285 |  |

PROVISIONS FOR LIABILITIES | 22,019 |  | 27,168 |  |

NET ASSETS | 1,075,741 |  | 1,532,117 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 10 |  | 10 |  |

Retained earnings | 1,075,731 |  | 1,532,107 |  |

SHAREHOLDERS' FUNDS | 1,075,741 |  | 1,532,117 |  |

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 24 September 2025 and were signed on its behalf by:

M A Rodermond - Director

RAPID GLOBAL LOGISTICS LTD (REGISTERED NUMBER: 11278769)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2024

1. | STATUTORY INFORMATION

| Rapid Global Logistics Ltd 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.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Turnover represents the supply of logistics and warehousing services, excluding Value Added Tax.

| Services are recognised as turnover in the period they are provided.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery etc | - | 20% 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 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

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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.

RAPID GLOBAL LOGISTICS LTD (REGISTERED NUMBER: 11278769)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 29 DECEMBER 2024

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 8 (2023 - 7 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 30 December 2023 | 172,980 |  |

| Additions | 12,085 |  |

| At 29 December 2024 | 185,065 |  |

| DEPRECIATION

| At 30 December 2023 | 52,983 |  |

| Charge for year | 35,294 |  |

| At 29 December 2024 | 88,277 |  |

| NET BOOK VALUE

| At 29 December 2024 | 96,788 |  |

| At 29 December 2023 | 119,997 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

| etc

£ |

| COST

| At 30 December 2023 | 12,185 |  |

| Transfer to ownership | (12,185 | ) |

| At 29 December 2024 | - |  |

| DEPRECIATION

| At 30 December 2023 | 6,296 |  |

| Charge for year | 812 |  |

| Transfer to ownership | (7,108 | ) |

| At 29 December 2024 | - |  |

| NET BOOK VALUE

| At 29 December 2024 | - |  |

| At 29 December 2023 | 5,889 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 29.12.24 |  | 29.12.23

£ | £ |

| Trade debtors | 333,398 |  | 342,828 |  |

| Amounts owed by group undertakings | - |  | 582,959 |  |

| Other debtors | 806,313 |  | 759,396 |  |

1,139,711 |  | 1,685,183 |  |

RAPID GLOBAL LOGISTICS LTD (REGISTERED NUMBER: 11278769)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 29 DECEMBER 2024

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 29.12.24 |  | 29.12.23

£ | £ |

| Hire purchase contracts (see note 7) | - |  | 1,625 |  |

| Trade creditors | 157,022 |  | 181,172 |  |

| Amounts owed to group undertakings | 154,014 |  | - |  |

| Taxation and social security | 130,810 |  | 103,946 |  |

| Other creditors | 290,896 |  | 369,734 |  |

732,742 |  | 656,477 |  |

7. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

| 29.12.24 |  | 29.12.23 |

£ | £ |

| Net obligations repayable:

| Within one year | - |  | 1,625 |  |

| Non-cancellable |

| operating leases |

| 29.12.24 |  | 29.12.23

£ | £ |

| Within one year | 789,952 |  | 789,952 |  |

| Between one and five years | 342,188 |  | 1,132,140 |  |

1,132,140 |  | 1,922,092 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 29.12.24 |  | 29.12.23

| value: | £ | £ |

| 10 | Ordinary | £1.00 | 10 |  | 10 |  |

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Michael Blay (Senior Statutory Auditor)

| for and on behalf of RJP LLP

10. | PARENT COMPANY

| The parent company is Rapid Logistics B.V. which is registered in the Netherlands. Copies of the company's group financial statements may be obtained from Rapid Logistics B.V., Airborne Avenue 87, 2133LV Hoofddorp, The Netherlands.