Company registration number 08149597 (England and Wales)
Rapid Design Manufacturing Solutions Ltd
Unaudited financial statements
For the year ended 31 July 2025
Rapid Design Manufacturing Solutions Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8
Rapid Design Manufacturing Solutions Ltd
Statement of financial position
As at 31 July 2025
31 July 2025
- 1 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
4
330,198
404,120
Current assets
Stocks
76,061
152,325
Debtors
5
305,894
565,327
Cash at bank and in hand
44,526
46,585
426,481
764,237
Creditors: amounts falling due within one year
6
(261,025)
(538,042)
Net current assets
165,456
226,195
Total assets less current liabilities
495,654
630,315
Creditors: amounts falling due after more than one year
7
-
0
(17,977)
Provisions for liabilities
(76,731)
(76,731)
Net assets
418,923
535,607
Capital and reserves
Called up share capital
30
30
Profit and loss reserves
418,893
535,577
Total equity
418,923
535,607
Rapid Design Manufacturing Solutions Ltd
Statement of financial position (continued)
As at 31 July 2025
31 July 2025
- 2 -

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 13 March 2026 and are signed on its behalf by:
Mr P L Ryan
Director
Company registration number 08149597 (England and Wales)
Rapid Design Manufacturing Solutions Ltd
Notes to the financial statements
For the year ended 31 July 2025
- 3 -
1
Accounting policies
Company information

Rapid Design Manufacturing Solutions Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Exchange, 5 Bank Street, Bury, United Kingdom, BL9 0DN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

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

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% reducing balance
Fixtures and fittings
33% on cost
Computers
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs on bringing stocks to their present location and condition.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Rapid Design Manufacturing Solutions Ltd
Notes to the financial statements (continued)
For the year ended 31 July 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Rapid Design Manufacturing Solutions Ltd
Notes to the financial statements (continued)
For the year ended 31 July 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases
As lessee

At inception, the company assesses whether a contract is, or contains, a lease. A lease arises where the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Control of the use of an asset occurs where the company has both the right to direct the use of the asset, and the right to obtain substantially all the economic benefits from that use.

Where a tangible asset is acquired through a lease, the company recognises a right-of-use asset and a lease liability at the lease commencement date. Right-of-use assets are included within the same line items on the Statement of financial position as owned assets.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

Rapid Design Manufacturing Solutions Ltd
Notes to the financial statements (continued)
For the year ended 31 July 2025
- 6 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing material adjustment to the carrying amount of assets and liabilities are outlined below:

Estimating the useful economic life of an asset and the anticipated residual value are considered key judgements in calculating an appropriate depreciation charge.

In categorising leases as finance or operating leases, the directors make judgements as to whether significant risks and rewards of ownership have transferred to the company as lessee.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
14
16
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2024 and 31 July 2025
1,160,522
Depreciation and impairment
At 1 August 2024
756,402
Depreciation charged in the year
73,922
At 31 July 2025
830,324
Carrying amount
At 31 July 2025
330,198
At 31 July 2024
404,120
Rapid Design Manufacturing Solutions Ltd
Notes to the financial statements (continued)
For the year ended 31 July 2025
- 7 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
141,168
281,634
Amounts owed by group undertakings
110,000
110,000
Other debtors
54,726
173,693
305,894
565,327
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
37,333
66,772
Taxation and social security
52,983
110,029
Other creditors
170,709
361,241
261,025
538,042
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
-
0
17,977
8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
25,000
62,500
9
Secured debts

Liabilities under hire purchase contracts of £17,581 (2024: £99,166) are secured over the assets to which they relate.

Liabilities in respect of the invoice discounting facility of £32,875 (2024: £120,415) are secured by way of a fixed and floating charge over the assets of the company.

Rapid Design Manufacturing Solutions Ltd
Notes to the financial statements (continued)
For the year ended 31 July 2025
- 8 -
10
Directors' transactions

The maximum overdrawn balance for N P Richardson during the year was £99,924 (2024: £99,924).

The maximum overdrawn balance for P L Ryan during the year was £72,446 (2024: £72,446).

The below balances are unsecured, interest free and repayable on demand.

Description
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
N P Richardson
99,924
46,581
(105,375)
41,130
P L Ryan
72,446
46,545
(105,395)
13,596
172,370
93,126
(210,770)
54,726
11
Prior period adjustment

An adjustment has been made to the prior period figures in respect of dividends that were voted during the year but had not previously been reported.

Changes to the statement of financial position
Adjustment
£
Current assets
Debtors due within one year
(140,000)
Capital and reserves
Profit and loss reserves
(140,000)
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