Acorah Software Products - Accounts Production 16.5.460 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 06983331 Mr Christian Long Mr Richard Tomkins Mr Charles Campbell Mr Paul Carvell Mr Christian Long iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06983331 2024-01-31 06983331 2025-01-31 06983331 2024-02-01 2025-01-31 06983331 frs-core:CurrentFinancialInstruments 2025-01-31 06983331 frs-core:BetweenOneFiveYears 2025-01-31 06983331 frs-core:ComputerEquipment 2025-01-31 06983331 frs-core:ComputerEquipment 2024-02-01 2025-01-31 06983331 frs-core:ComputerEquipment 2024-01-31 06983331 frs-core:FurnitureFittings 2025-01-31 06983331 frs-core:FurnitureFittings 2024-02-01 2025-01-31 06983331 frs-core:FurnitureFittings 2024-01-31 06983331 frs-core:PlantMachinery 2025-01-31 06983331 frs-core:PlantMachinery 2024-02-01 2025-01-31 06983331 frs-core:PlantMachinery 2024-01-31 06983331 frs-core:WithinOneYear 2025-01-31 06983331 frs-core:CapitalRedemptionReserve 2025-01-31 06983331 frs-core:SharePremium 2025-01-31 06983331 frs-core:ShareCapital 2025-01-31 06983331 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 06983331 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 06983331 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 06983331 frs-bus:SmallEntities 2024-02-01 2025-01-31 06983331 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 06983331 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 06983331 frs-bus:OrdinaryShareClass2 2024-02-01 2025-01-31 06983331 frs-bus:OrdinaryShareClass2 2025-01-31 06983331 frs-bus:OrdinaryShareClass3 2024-02-01 2025-01-31 06983331 frs-bus:OrdinaryShareClass3 2025-01-31 06983331 frs-bus:OrdinaryShareClass4 2024-02-01 2025-01-31 06983331 frs-bus:OrdinaryShareClass4 2025-01-31 06983331 frs-bus:OrdinaryShareClass5 2024-02-01 2025-01-31 06983331 frs-bus:OrdinaryShareClass5 2025-01-31 06983331 frs-core:CostValuation 2024-01-31 06983331 frs-core:CostValuation 2025-01-31 06983331 frs-core:ProvisionsForImpairmentInvestments 2024-01-31 06983331 frs-core:ProvisionsForImpairmentInvestments 2025-01-31 06983331 frs-bus:Director1 2024-02-01 2025-01-31 06983331 frs-bus:Director1 2024-01-31 06983331 frs-bus:Director1 2025-01-31 06983331 frs-bus:Director2 2024-02-01 2025-01-31 06983331 frs-bus:Director2 2024-01-31 06983331 frs-bus:Director2 2025-01-31 06983331 frs-bus:Director3 2024-02-01 2025-01-31 06983331 frs-bus:Director4 2024-02-01 2025-01-31 06983331 frs-bus:Director4 2024-01-31 06983331 frs-bus:Director4 2025-01-31 06983331 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 06983331 frs-countries:EnglandWales 2024-02-01 2025-01-31 06983331 2023-01-31 06983331 2024-01-31 06983331 2023-02-01 2024-01-31 06983331 frs-core:CurrentFinancialInstruments 2024-01-31 06983331 frs-core:BetweenOneFiveYears 2024-01-31 06983331 frs-core:WithinOneYear 2024-01-31 06983331 frs-core:CapitalRedemptionReserve 2024-01-31 06983331 frs-core:SharePremium 2024-01-31 06983331 frs-core:ShareCapital 2024-01-31 06983331 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 06983331 frs-bus:OrdinaryShareClass2 2023-02-01 2024-01-31 06983331 frs-bus:OrdinaryShareClass3 2023-02-01 2024-01-31 06983331 frs-bus:OrdinaryShareClass4 2023-02-01 2024-01-31 06983331 frs-bus:OrdinaryShareClass5 2023-02-01 2024-01-31
Registered number: 06983331
Boing Rapid Secure Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
SFB Group Limited
Boing Rapid Secure Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Boing Rapid Secure Limited
Balance Sheet
As At 31 January 2025
Balance Sheet
Registered number: 06983331

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 16,960 |  | 20,721
Investments | 5 |  | 2 |  | 2
|  |  | 16,962 |  | 20,723
CURRENT ASSETS
Debtors | 6 | 2,435,328 |  | 2,050,704 |
Cash at bank and in hand |  | 828,264 |  | 737,739 |
|  | 3,263,592 |  | 2,788,443 |
Creditors: Amounts Falling Due Within One Year | 7 | (523,814 ) |  | (583,108 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 2,739,778 |  | 2,205,335
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,756,740 |  | 2,226,058
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (4,240 ) |  | (4,979 )
NET ASSETS |  |  | 2,752,500 |  | 2,221,079
CAPITAL AND RESERVES
Called up share capital | 8 |  | 2,214 |  | 2,214
Share premium account |  |  | 2,770 |  | 2,770
Capital redemption reserve |  |  | 13 |  | 13
Profit and Loss Account |  |  | 2,747,503 |  | 2,216,082
SHAREHOLDERS' FUNDS |  |  | 2,752,500 |  | 2,221,079

Page 1
Page 2
Boing Rapid Secure Limited
Balance Sheet (continued)
As At 31 January 2025
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Christian Long Director
16 October 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Boing Rapid Secure Limited
Notes to the Financial Statements
For The Year Ended 31 January 2025
Notes to the Financial Statements
1. General Information
Boing Rapid Secure Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06983331 . The registered office is Manor Court Chambers, Townsend Drive, Nuneaton, Warwickshire, CV11 6RU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 25% reducing balance
Fixtures & Fittings | 15% reducing balance
Computer Equipment | 25% reducing balance

2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
Page 3
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Boing Rapid Secure Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
2.5. Taxation - continued
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2024: 24)
26 24
4. Tangible Assets

| Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 February 2024 | 3,734 | 12,349 | 42,915 | 58,998
Additions | - | 130 | 2,363 | 2,493
Disposals | (1,680 ) | (833 ) | (4,130 ) | (6,643 )
As at 31 January 2025 | 2,054 | 11,646 | 41,148 | 54,848
Depreciation
As at 1 February 2024 | 3,510 | 8,649 | 26,118 | 38,277
Provided during the period | 43 | 535 | 4,602 | 5,180
Disposals | (1,627 ) | (566 ) | (3,376 ) | (5,569 )
As at 31 January 2025 | 1,926 | 8,618 | 27,344 | 37,888
Net Book Value
As at 31 January 2025 | 128 | 3,028 | 13,804 | 16,960
As at 1 February 2024 | 224 | 3,700 | 16,797 | 20,721

5. Investments

| Subsidiaries
--- | ---
| £
Cost
As at 1 February 2024 | 2
As at 31 January 2025 | 2
Provision
As at 1 February 2024 | -
As at 31 January 2025 | -
Net Book Value
As at 31 January 2025 | 2
As at 1 February 2024 | 2

Page 4
Page 5
Boing Rapid Secure Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 685,782 |  | 410,042
Other debtors | 376,535 |  | 113,057
| 1,062,317 |  | 523,099
Due after more than one year
Amounts owed by group undertakings | 1,373,011 |  | 1,527,605
| 2,435,328 |  | 2,050,704

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 18,040 |  | 11,720
Other creditors | 44,523 |  | 63,750
Taxation and social security | 461,251 |  | 507,638
| 523,814 |  | 583,108

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
2,000 Ordinary A shares of £ 1.00 each | 2,000 |  | 2,000
2 Ordinary B shares of £ 1.00 each | 2 |  | 2
1 Ordinary C shares of £ 1.00 each | 1 |  | 1
211 Ordinary D shares of £ 1.00 each | 211 |  | 211
| 2,214 |  | 2,214

9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 17,714 |  | 23,127
Later than one year and not later than five years | 1,356 |  | 19,070
| 19,070 |  | 42,197

Page 5
Page 6
Boing Rapid Secure Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 February 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 January 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Christian Long | - | 46,746 | - | - | 46,746
Mr Richard Tomkins | 73,571 | 79,953 | - | - | 153,524
Mr Paul Carvell | 5,139 | 21,011 | - | - | 26,150

The directors have been charged interest at 2.25% on their overdrawn balances in line with the beneficial loan arrangement interest rate set by H M Revenue and Customs.
Page 6