Boing Rapid Secure Limited

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

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

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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.

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

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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)

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

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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

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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.

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