Company Registration No. 4821724 (England and Wales)
Rapier Systems Limited
Unaudited accounts
for the year ended 31 March 2025
Rapier Systems Limited
Unaudited accounts
Contents
Rapier Systems Limited
Company Information
for the year ended 31 March 2025
Company Number
4821724 (England and Wales)
Registered Office
145 - 157 St Johns Street
London
EC1V 4PW
Accountants
Thursfields Accountancy Limited
Business Lodge, Trent House
234 Victoria Road
Stoke-on-Trent
Staffordshire
ST4 2LW
Rapier Systems Limited
Statement of financial position
as at 31 March 2025
Tangible assets
101,103
135,849
Inventories
107,776
127,667
Cash at bank and in hand
497
109,469
Creditors: amounts falling due within one year
(403,228)
(399,372)
Net current liabilities
(154,253)
(16,533)
Total assets less current liabilities
(45,334)
127,132
Creditors: amounts falling due after more than one year
(33,558)
(53,232)
Provisions for liabilities
Net (liabilities)/assets
(78,892)
48,133
Rapier Systems Limited
Statement of financial position
as at 31 March 2025 (continued)
Called up share capital
240
240
Capital redemption reserve
360
360
Profit and loss account
(79,492)
47,533
Shareholders' funds
(78,892)
48,133
For the year ending 31 March 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 December 2025 and were signed on its behalf by
Mr RA Watson
Director
Company Registration No. 4821724
Rapier Systems Limited
Notes to the Accounts
for the year ended 31 March 2025
Rapier Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 4821724. The registered office is 145 - 157 St Johns Street, London, EC1V 4PW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight Line
Plant & machinery
15% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
33% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rapier Systems Limited
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Investments in shares are included at cost less impairment.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The financial statements have been prepared on a going concern basis due to the continued support of the director.
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Tangible fixed assets
Total
Charge for the year
34,746
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
16,273
19,145
- Motor vehicles
74,753
103,152
Allotted, called up and fully paid:
240 Ordinary shares of £1 each
240
240
6
Capital commitments
2025
2024
Amounts contracted but not provided for in the accounts
36,275
-
Operating lease contracts relate to motor vehicles.
Rapier Systems Limited
Notes to the Accounts
for the year ended 31 March 2025
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
0% interest due on demand loan
9,658
4,432
9,658
4,432
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Average number of employees
During the year the average number of employees was 8 (2024: 14).