REGISTERED NUMBER: 02471969 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

RAPIDNAME LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss M C Veinedotter

Mr E Veinedotter

REGISTERED OFFICE:

Wellington Mills

Quebec Street,

ELLAND.

HX5 9AS

REGISTERED NUMBER:

02471969 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

First Floor Offices, Unit A4

Old Power Way

Lowfields Business Park

Elland

HX5 9DE

FIXED ASSETS

Tangible assets

4

12,384

15,181

CURRENT ASSETS

Stocks

479,832

280,023

Debtors

5

324,501

352,547

Cash at bank and in hand

259,068

339,894

1,063,401

972,464

CREDITORS

Amounts falling due within one year

6

1,037,169

936,234

NET CURRENT ASSETS

26,232

36,230

TOTAL ASSETS LESS CURRENT LIABILITIES

38,616

51,411

CREDITORS

Amounts falling due after more than one year

7

-

(11,667

)

PROVISIONS FOR LIABILITIES

(3,102

)

(3,784

)

NET ASSETS

35,514

35,960

CAPITAL AND RESERVES

Called up share capital

100

100

Profit and loss account

35,414

35,860

35,514

35,960

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by:

Miss M C Veinedotter - Director

1.	STATUTORY INFORMATION

Rapidname 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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

33% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 10 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

6,000

51,725

21,490

79,215

Additions

-

1,166

-

1,166

Disposals

-

(295

)

-

(295

)

At 31 March 2025

6,000

52,596

21,490

80,086

DEPRECIATION

At 1 April 2024

5,990

36,726

21,318

64,034

Charge for year

3

3,917

43

3,963

Eliminated on disposal

-

(295

)

-

(295

)

At 31 March 2025

5,993

40,348

21,361

67,702

NET BOOK VALUE

At 31 March 2025

7

12,248

129

12,384

At 31 March 2024

10

14,999

172

15,181

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

297,698

322,679

Other debtors

26,803

29,868

324,501

352,547

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

14,097

10,000

Trade creditors

279,370

465,303

Amounts owed to group undertakings

186,958

50,430

Taxation and social security

88,815

82,096

Other creditors

467,929

328,405

1,037,169

936,234

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

11,667

8.	SECURED DEBTS

Amounts owed on borrowings from the bank, group companies and the directors are secured by way

of a charge on the assets of the company.

9.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme

are held separately from those of the company in an independently administered fund. The pension

cost represents contributions payable by the company to the fund and amounted to £5,050 (2024 £5,386). Contributions totalling £Nil (2024:£Nil) were payable to the fund at the year end

and are included in creditors.

10.	RELATED PARTY DISCLOSURES

At the year end the company held an other creditor balance of £186,958 (2024 : £50,431). These balances are in relation to companies in which a director is also a director and majority shareholder. During the year monies were transferred between the companies.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Feral Studios Limited.

The ultimate controlling party is The Directors.