Rapid Bridging Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09568514

Rapid Bridging Ltd

Filleted Unaudited Financial Statements

8 May 2025

Rapid Bridging Ltd

Balance Sheet

8 May 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	2,184	2,912

Current assets

Debtors	6	158,007	134,787
Cash at bank and in hand		15,418	22,968
		---------	---------
		173,425	157,755

Creditors: amounts falling due within one year	7	66,811	67,119
		---------	---------
Net current assets		106,614	90,636
		---------	--------
Total assets less current liabilities		108,798	93,548

Creditors: amounts falling due after more than one year	8	54,451	50,767
		---------	--------
Net assets		54,347	42,781
		---------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	54,346	42,780
	--------	--------
Shareholders funds	54,347	42,781
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income (including profit and loss account) has not been delivered.

For the year ending 8 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Rapid Bridging Ltd

Balance Sheet (continued)

8 May 2025

These financial statements were approved by the board of directors and authorised for issue on 18 January 2026 , and are signed on behalf of the board by:

Mr A I Jones
Director

Company registration number: 09568514

Rapid Bridging Ltd

Notes to the Financial Statements

Year ended 8 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Level 30, The Leadenhall Building, London, EC3V 4AB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no material judgements, estimates or assumptions.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. 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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 2 ).

5. Tangible assets

	Plant and machinery
	£
Cost
At 9 May 2024 and 8 May 2025	17,620
	--------
Depreciation
At 9 May 2024	14,708
Charge for the year	728
	--------
At 8 May 2025	15,436
	--------
Carrying amount
At 8 May 2025	2,184
	--------
At 8 May 2024	2,912
	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	95,890	51,156
Amounts owed by related parties	62,117	83,542
Other debtors	–	89
	---------	---------
	158,007	134,787
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	33,869	34,711
Corporation tax	29,214	29,867
Social security and other taxes	371	–
Other creditors	3,357	2,541
	--------	--------
	66,811	67,119
	--------	--------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	49,814	50,767
Amounts owed to group undertakings and undertakings in which the company has a participating interest	4,637	–
	--------	--------
	54,451	50,767
	--------	--------

9. Director's advances, credits and guarantees

During the year amounts were advanced to the director and cleared by dividends, with the largest amount outstanding during the year £26,262 at the end of April 2025. As at 8 May 2025, £487 (8 May 2024 £21) owed to the director and will be repaid before 8 May 2026.

10. Related party transactions

During the year, commission totalling £48,881 was paid to A Head of Time Estates Ltd, a company under common control. As at 8 May 2025 £62,117 (8 May 2024 £83,542) was owed by that company and will be repaid before 8 May 2026.

11. Reserves

The only movements in equity during the year were the profit for the year and dividends paid. All of the profit and loss account represents distributable reserves.