Company registration number 11480193 (England and Wales)
RAPID RESPONSE TELECOMS LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
RAPID RESPONSE TELECOMS LTD
COMPANY INFORMATION
Director
Mr C Wood
Secretary
Mr C Wood
Company number
11480193
Registered office
Whaley Road
Barugh Green
Barnsley
S75 1HT
Auditor
Sumer Auditco Limited
1st Floor
Mayesbrook House
Lawnswood Business Park
Leeds
LS16 6QY
RAPID RESPONSE TELECOMS LTD
CONTENTS
Page
Strategic report
1 - 2
Director's report
3 - 4
Independent auditor's report
5 - 7
Statement of comprehensive income
8
Balance sheet
9
Statement of changes in equity
10
Statement of cash flows
11
Notes to the financial statements
12 - 24
RAPID RESPONSE TELECOMS LTD
STRATEGIC REPORT
FOR THE YEAR ENDED 31 JULY 2025
- 1 -

The director presents his strategic report on the company for the year ended 31 July 2025.

Review of the business

The company's year-end figures showed most impressive growth with turnover up 55.5% to £33,104,076, gross margin up from 41.1% to 42.3% and profit before tax up from £2,959,806 to £4,598,292. With regard to overheads, there were substantial increases in wages and salaries, motor expenses and depreciation but these also reflected the increase in the company's turnover in the year. The company's net assets have increased from £3,123,376 to £6,5 35,110, with bank balances decreasing from £1,791,318 to £241,587. This is after investment in fixed assets of £2,754,055 in the year. The very much improved balance sheet position reflects the continued growth in the asset base of the company which gives security for the future and allows the company's current investment strategy to be implemented.

The business has attained success in significantly increasing revenue during the financial year, the conversion ratio of revenue to profit has however diluted. There is blended reasoning for such dilution, core reasons being; Significant increases in asset accrual in accordance with expansion and sustainability strategies; and rising costs attributed to economic pressures across the supply chain impacting both labour and products. The latter has a compounded impact by fixed framework pricing with contracts which have not yet reached a review period.

Revenue has generally trended at an increasing rate across financial quarters which is a key performance indicator of business growth.

The success within the financial year is attributable to demand for services owing to the business being recognised as an industry specialist for emergency repair and maintenance of fibre optic networks. This is a highly sensitive undertaking which requires the utmost levels of a customer trust in delivery capabilities therefore track record esteems demand. Repair and maintenance is an essential undertaking and commonly cost recoverable therefore demand is relatively unconstrained by budgets.

Rapid Response Telecoms Limited was set up with the primary focus being the repair and maintenance of the broadband networks. However, the company has hugely benefited from the government's investment in the digital infrastructure to ensure that most of the population have access to fibre broadband. The year has not been without the challenges that would be expected from a period of such rapid growth. We have invested in our systems and personnel to ensure that we are well positioned to operate at this level and ready for further growth.

Future Developments

We have fared well within the changing landscape of the telecoms industries as network owners transition their focus from Network Build to Network operations. Our reputation and breadth of service offerings complimented by operating 24/7/365 has led to us expanding our contract portfolio of Emergency Response contracts which are anchoring contracts upon account of their importance to respective clients.

We have successfully added a fully fledged training academy to our business which is accredited to deliver key telecoms and streetworks courses. We also have full time trainers within the business which enables us to effectively and efficiently satisfy training needs internally, whilst simultaneously presenting a revenue opportunity for training external parties.

We are imminently about to mobilise on scale into the North West region for one of our smaller revenue clients. This will elevate the associated revenue stream whilst giving us a foothold within a new region which enables us to explore other opportunities.

Whilst we specialise in telecommunications we do have competencies and equipment which is readily transferable to other utility works, namely the water and electricity which are both experiencing heavy growth. Unprecedented in the case of water.

We have invested in our NERS accreditation for the electricity works and attained partial accreditation with full accreditation a mere formality away. We believe we would be a sought after contractor for our proven reputation in the highly regulated streetworks activities but also with our emergency response service offerings.

RAPID RESPONSE TELECOMS LTD
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 2 -
Principal risks and uncertainties

The director regularly reviews any risks facing the company and the necessary actions taken to address these risks. The principal risks are considered to be in respect of the company's products and services as far as competitive pricing together with the required quality of service. It is important that we manage the potential risk of over reliance on a small number of key customers.

Financial risk management objectives and policies

The company's principal financial instruments are bank balances together with other financial assets and liabilities such as trade debtors and trade creditors which arise directly from the company's operations. The main financial risks are cash flow and customer credit risk which is well managed by effective, structured credit control policies. The existing controlled structure ensures that finance is readily available as required to meet the company's ongoing financial requirements.

On behalf of the board

Mr C Wood
Director
24 July 2026
RAPID RESPONSE TELECOMS LTD
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 JULY 2025
- 3 -

The director presents his report and the financial statements of the company for the year ended 31 July 2025.

Principal activities

The principal activity of the company continued to be that of the provision of telecommunications services.

Results and dividends

The results for the year are set out on page 8.

The Directors are satisfied that the business has performed accordingly to the strategy set for the financial year with key growth attained which has further strengthened relationships with customers.

Since the end of the financial year positive customer relationships has yielded a further increase in workload and subsequently revenue.

Aside from existing customer workstreams the Directors are optimistic to gain opportunities within new workstreams for existing customers, expansion of existing workstreams with existing customers and securing new custom.

The business operates some sizeable sub-divisions which have the potential to be their own standalone businesses serving a wider customer base, these include the Commercial vehicle workshop, Traffic Management, Training School and the electricity distribution industry specialising in street works.

No ordinary dividends were paid. The director does not recommend payment of a final dividend.

Director

The director who served the company during the year was as follows:

Mr C Wood
Auditor

Sumer Auditco Limited were appointed as auditor to the company and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

Statement of director's responsibilities

The director is responsible for preparing the strategic report, director's report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

RAPID RESPONSE TELECOMS LTD
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 4 -
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

On behalf of the board
Mr C Wood
Director
24 July 2026
RAPID RESPONSE TELECOMS LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF RAPID RESPONSE TELECOMS LTD
- 5 -
Opinion

We have audited the financial statements of Rapid Response Telecoms Limited (the 'company') for the year ended 31 July 2025 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 July 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the director's r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the director's report have been prepared in accordance with applicable legal requirements.

RAPID RESPONSE TELECOMS LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF RAPID RESPONSE TELECOMS LTD (CONTINUED)
- 6 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the director's r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of director's remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the director's r esponsibilities s tatement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the Company through discussions with directors and other management, and from our commercial knowledge and experience of the trade;

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the Company;

- we assessed the extent of compliance with the laws and regulations considered above through making enquiries of management; and

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

RAPID RESPONSE TELECOMS LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF RAPID RESPONSE TELECOMS LTD (CONTINUED)
- 7 -

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by;

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risks of fraud through management bias and override controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- reading the minutes of meetings of those charged with governance;

- enquiring of management as to actual and potential litigation and claims; and

- discussions with senior management regarding relevant regulations and reviewing the company’s legal and professional fees.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the director’s and other management and the inspection of regulatory and legal correspondence.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Felix Lee (Senior Statutory Auditor)
For and on behalf of Sumer Auditco Limited, Statutory Auditor
Chartered Accountants
1st Floor
Mayesbrook House
Lawnswood Business Park
Leeds
LS16 6QY
24 July 2026
RAPID RESPONSE TELECOMS LTD
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JULY 2025
- 8 -
2025
2024
as restated
Notes
£
£
Turnover
3
33,104,076
21,287,364
Cost of sales
(19,110,769)
(12,533,595)
Gross profit
13,993,307
8,753,769
Administrative expenses
(9,309,901)
(5,505,354)
Operating profit
4
4,683,406
3,248,415
Interest receivable and similar income
7
33,466
16,550
Interest payable and similar expenses
8
(118,580)
(305,159)
Profit before taxation
4,598,292
2,959,806
Tax on profit
9
(1,186,657)
(402,184)
Profit for the financial year
3,411,635
2,557,622
RAPID RESPONSE TELECOMS LTD
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
11
3,751,502
1,943,136
Current assets
Stocks
12
361,004
198,041
Debtors
13
7,182,953
2,604,674
Cash at bank and in hand
241,587
1,791,318
7,785,544
4,594,033
Creditors: amounts falling due within one year
14
(3,204,285)
(2,585,367)
Net current assets
4,581,259
2,008,666
Total assets less current liabilities
8,332,761
3,951,802
Creditors: amounts falling due after more than one year
15
(929,651)
(388,451)
Provisions for liabilities
Deferred tax liability
18
868,000
439,975
(868,000)
(439,975)
Net assets
6,535,110
3,123,376
Capital and reserves
Called up share capital
20
100
1
Profit and loss reserves
6,535,010
3,123,375
Total equity
6,535,110
3,123,376

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved and signed by the director and authorised for issue on 24 July 2026
Mr C Wood
Director
Company registration number 11480193 (England and Wales)
RAPID RESPONSE TELECOMS LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2025
- 10 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
As restated for the period ended 31 July 2024:
Balance at 1 August 2023
1
689,753
689,754
Year ended 31 July 2024:
Profit and total comprehensive income
-
2,557,622
2,557,622
Dividends
10
-
(124,000)
(124,000)
Balance at 31 July 2024
1
3,123,375
3,123,376
Year ended 31 July 2025:
Profit and total comprehensive income
-
3,411,635
3,411,635
Issue of share capital
20
99
-
99
Balance at 31 July 2025
100
6,535,010
6,535,110
RAPID RESPONSE TELECOMS LTD
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JULY 2025
- 11 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
24
1,025,315
2,791,338
Interest paid
(118,580)
(305,159)
Income taxes (paid)/refunded
(490,355)
313,046
Net cash inflow from operating activities
416,380
2,799,225
Investing activities
Purchase of tangible fixed assets
(1,826,621)
(1,224,592)
Proceeds from disposal of tangible fixed assets
107,482
82,512
Director's loan account movement
(139,589)
-
0
Interest received
33,466
16,550
Net cash used in investing activities
(1,825,262)
(1,125,530)
Financing activities
Repayment of borrowings
(35)
(1,064)
Repayment of bank loans
(5,864)
(67,385)
Payment of finance leases obligations
(134,950)
301,974
Dividends paid
-
0
(124,000)
Net cash (used in)/generated from financing activities
(140,849)
109,525
Net (decrease)/increase in cash and cash equivalents
(1,549,731)
1,783,220
Cash and cash equivalents at beginning of year
1,791,318
8,098
Cash and cash equivalents at end of year
241,587
1,791,318
RAPID RESPONSE TELECOMS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 12 -
1
Accounting policies
Company information

Rapid Response Telecoms Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Whaley Road, Barugh Green, Barnsley, S75 1HT.

1.1
Basis of preparation

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.

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
Going concern

The director has assessed the company's ability to continue as a going concern for a period of at least twelve months from the date of approval of the financial statements. In making this assessment, the director has considered the company's financial position, cash flow forecasts and future business prospects. The director is satisfied that the company operates within a resilient market, maintains strong customer relationships and has sufficient visibility of future revenue to support continued trading.true

Therefore at the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue comprises sales of services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the service is transferred to the buyer. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. ‘When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

1.4
Tangible fixed assets

Tangible fixed 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

RAPID RESPONSE TELECOMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 13 -

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
15% reducing balance
Fixtures and fittings
33% reducing balance
Office Equipment
15% reducing balance
Motor vehicles
25% reducing balance
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
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.

1.7
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 balance sheet 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.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

RAPID RESPONSE TELECOMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 14 -
Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.8
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.

1.9
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 profit and loss account 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.

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.

RAPID RESPONSE TELECOMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 15 -

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 profit and loss account, 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.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

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

1.12
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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 RESPONSE TELECOMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 16 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is 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 and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Accrued income

Accrued income represents work performed but not invoiced at the reporting date.

Management applies judgement in estimating the value of accrued income, based on the stage of completion of individual jobs and the timing of invoicing. Although some customer arrangements span more than one reporting period, revenue is recognised on completion of discrete jobs as each job is separately quoted, performed, and invoiced.

The year-end accrued income balance is therefore based on management's assessment of work completed but not yet billed. Actual invoiced amounts may differ from these estimates.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Construction industry scheme debtor recoverability

Included within other taxation and social security is an amount of £213,150 relating to Construction Industry Scheme ("CIS") deductions suffered and subsequently claimed from HM Revenue & Customs in respect of prior periods. The claim remains outstanding at the reporting date and management considers the balance to be fully recoverable based on information currently available.

The gross CIS debtor of £213,150 has been presented net of taxation and social security liabilities of £141,392, resulting in a net recoverable balance of £71,758 recognised.

Management has assessed the recoverability of the outstanding claim and considers no impairment provision to be necessary.

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Rendering of services
33,104,076
21,287,364
2025
2024
£
£
Other revenue
Interest income
33,466
16,550
RAPID RESPONSE TELECOMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 17 -
4
Operating profit
2025
2024
Operating profit for the year is stated after charging:
£
£
Fees payable to the company's auditor for the audit of the company's financial statements
32,750
27,500
Depreciation of tangible fixed assets
563,968
309,380
Depreciation of tangible fixed assets held under finance leases
163,684
118,830
Loss on disposal of tangible fixed assets
110,555
28,621
Operating lease charges
602,708
452,183
5
Employees

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

2025
2024
Number
Number
Direct Labour
124
124
Administration
36
29
Management
20
7
Total
180
160

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
10,209,116
6,882,602
Social security costs
1,198,934
768,545
Pension costs
202,394
136,408
11,610,444
7,787,555
6
Director's remuneration
2025
2024
£
£
Remuneration for qualifying services
67,400
45,000
Company pension contributions to defined contribution schemes
1,225
1,163
68,625
46,163

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 1 (2024 - 1).

RAPID RESPONSE TELECOMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 18 -
7
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
33,466
16,550
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
33,466
16,550
8
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost
Interest on bank overdrafts and loans
8,988
547
Other finance costs
Interest on finance leases and hire purchase contracts
90,535
49,788
Other interest
19,057
254,824
118,580
305,159
9
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
758,632
(229,511)
Adjustments in respect of prior periods
-
0
320,045
Total current tax
758,632
90,534
Deferred tax
Origination and reversal of timing differences
428,025
311,650
Total tax charge
1,186,657
402,184
RAPID RESPONSE TELECOMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
9
Taxation
(Continued)
- 19 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
4,598,292
2,959,806
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
1,149,573
739,952
Tax effect of expenses that are not deductible in determining taxable profit
37,213
87,935
Permanent capital allowances in excess of depreciation
-
0
146,206
Research and development tax credit
-
0
(442,510)
Deferred tax adjustments in respect of prior years
(129)
-
0
Utilisation of tax losses
-
0
(129,399)
Taxation charge for the year
1,186,657
402,184
10
Dividends
2025
2024
£
£
Final paid
-
0
124,000
11
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Office Equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 August 2024
797,188
34,105
131,967
1,679,755
2,643,015
Additions
327,162
2,040
51,076
2,373,777
2,754,055
Disposals
(85,126)
-
0
-
0
(344,407)
(429,533)
At 31 July 2025
1,039,224
36,145
183,043
3,709,125
4,967,537
Depreciation and impairment
At 1 August 2024
161,203
5,290
45,984
487,402
699,879
Depreciation charged in the year
111,812
4,556
39,250
572,034
727,652
Eliminated in respect of disposals
(18,430)
-
0
-
0
(193,066)
(211,496)
At 31 July 2025
254,585
9,846
85,234
866,370
1,216,035
Carrying amount
At 31 July 2025
784,639
26,299
97,809
2,842,755
3,751,502
At 31 July 2024
635,985
28,815
85,983
1,192,353
1,943,136
RAPID RESPONSE TELECOMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
11
Tangible fixed assets
(Continued)
- 20 -

Included within tangible fixed assets are assets held under finance leases or hire purchase contracts, as follows:

2025
2024
£
£
Motor vehicles
752,990
297,180
12
Stocks
2025
2024
£
£
Finished goods and goods for resale
361,004
198,041
13
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
5,541,584
1,545,319
Contract costs recoverable
797,214
858,331
Unpaid share capital
99
-
0
Other debtors
286,315
109,965
Prepayments and accrued income
557,741
91,059
7,182,953
2,604,674
14
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
16
15,006
9,200
Obligations under finance leases
17
361,358
121,744
Other borrowings
16
-
0
35
Trade creditors
1,405,108
582,518
Corporation tax
678,856
410,579
Other taxation and social security
360,289
1,217,321
Other creditors
63,370
35,886
Accruals and deferred income
320,298
208,084
3,204,285
2,585,367
RAPID RESPONSE TELECOMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 21 -
15
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
16
-
0
11,670
Obligations under finance leases
17
929,651
376,781
929,651
388,451

The obligations under finance leases are secured over the assets to which they relate.

16
Loans and overdrafts
2025
2024
£
£
Bank loans
15,006
20,870
Other loans
-
0
35
15,006
20,905
Payable within one year
15,006
9,235
Payable after one year
-
0
11,670
17
Finance lease obligations
2025
2024
Amounts due:
£
£
Within one year
361,358
121,744
After more than one year
929,651
376,781
1,291,009
498,525
2025
2024
Future minimum lease payments due under finance leases:
£
£
Within one year
361,358
121,744
In two to five years
929,651
376,781
1,291,009
498,525
RAPID RESPONSE TELECOMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 22 -
18
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
881,000
439,975
Short term timing differences
(13,000)
-
868,000
439,975
2025
Movements in the year:
£
Liability at 1 August 2024
439,975
Charge to profit or loss
428,025
Liability at 31 July 2025
868,000

The deferred tax liability set out above is expected to reverse over the useful life of the assts and relates to accelerated capital allowances that are expected to mature within the same period and short term timing differences.

19
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
202,394
136,408

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

20
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
Ordinary shares of £1 each
100
1
100
1
RAPID RESPONSE TELECOMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 23 -
21
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, which fall due as follows:

2025
2024
£
£
Within 1 year
167,800
138,533
Years 2-5
91,000
313,650
258,800
452,183
22
Directors' transactions

During the year, the company granted an interest-free loan to a director. The balance is unsecured, interest-free and repayable on demand.

Loans
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Directors loan
-
(35)
245,980
(106,356)
139,589
(35)
245,980
(106,356)
139,589
23
Ultimate controlling party

The ultimate controlling party is Mr C Wood.

24
Cash generated from operations
2025
2024
£
£
Profit after taxation
3,411,635
2,557,622
Adjustments for:
Taxation charged
1,186,657
402,184
Finance costs
118,580
305,159
Investment income
(33,466)
(16,550)
Loss on disposal of tangible fixed assets
110,555
28,621
Depreciation and impairment of tangible fixed assets
727,652
428,210
Movements in working capital:
(Increase)/decrease in stocks
(162,963)
85,047
Increase in debtors
(4,438,591)
(627,990)
Increase/(decrease) in creditors
105,256
(370,965)
Cash generated from operations
1,025,315
2,791,338
RAPID RESPONSE TELECOMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 24 -
25
Analysis of changes in net funds/(debt)
1 August 2024
Cash flows
New leases
31 July 2025
£
£
£
£
Cash at bank and in hand
1,791,318
(1,549,731)
-
241,587
Borrowings excluding overdrafts
(20,905)
5,899
-
(15,006)
Lease liabilities
(498,525)
134,950
(927,434)
(1,291,009)
1,271,888
(1,408,882)
(927,434)
(1,064,428)
26
Prior period adjustment
Reconciliation of changes in equity
The prior period adjustments do not give rise to any effect upon equity.
Reconciliation of changes in profit for the previous financial period
2024
£
Adjustments to prior year
Cost of sales
6,002,495
Administrative expenses
(6,002,495)
Total adjustments
-
Profit as previously reported
2,557,622
Profit as adjusted
2,557,622
Notes to reconciliation
Reclassification of labour costs

The prior year has been restated in order to reclassify Cost of Sales and Administrative expenses to better reflect these. During the year, it was identified that certain direct labour-related costs incurred in the prior period had been presented within administrative expenses rather than cost of sales. Following a review of the nature of these costs, it was concluded that these expenses are directly attributable to the provision of services and should therefore be classified within cost of sales. As a result, cost of sales has increased by £6,002,495 and administrative costs have reduced by the same amount.

This adjustment represents a presentational reclassification only and has no impact on profit before tax, profit after tax, net assets, shareholders' funds or cash flows for the year ended 31 July 2025.

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