REGISTERED NUMBER: 11278769 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2024

FOR

RAPID GLOBAL LOGISTICS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

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

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.

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

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.