REGISTERED NUMBER: 11122400 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

RAPID LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J S Goulstine

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

11122400 (England and Wales)

ACCOUNTANTS:

JLA Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

CURRENT ASSETS

Debtors

4

326,676

318,070

Cash at bank

1,939

26,734

328,615

344,804

CREDITORS

Amounts falling due within one year

5

288,791

304,914

NET CURRENT ASSETS

39,824

39,890

TOTAL ASSETS LESS CURRENT LIABILITIES

39,824

39,890

CAPITAL AND RESERVES

Called up share capital

6

101

101

Retained earnings

7

39,723

39,789

SHAREHOLDERS' FUNDS

39,824

39,890

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 December 2025 and were signed by:

Mr J S Goulstine - Director

1.	STATUTORY INFORMATION

Rapid 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

254

10,969

Amounts owed by group undertakings

-

307,101

Other debtors

326,422

-

326,676

318,070

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

31

87,083

Tax

-

33

VAT

87

5,883

Directors' current accounts

40

40

Accruals and deferred income

288,633

211,875

288,791

304,914

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

1

A Ordinary

£1

1

1

101

101

7.

RESERVES

Retained

earnings

£

At 1 April 2024

39,789

Deficit for the year

(66

)

At 31 March 2025

39,723

8.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £326,422 (2024: £307,101) by Trison Group Ltd. The companies are related parties by virtue of the fact that they are under common control.