REGISTERED NUMBER: 12893744 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Rapid Group Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Chester

REGISTERED OFFICE:

Riverside House

Moody Lane

Grimsby

DN31 2SY

REGISTERED NUMBER:

12893744 (England and Wales)

ACCOUNTANTS:

Try Lunn & Co

Chartered Accountants

Roland House

Princes Dock Street

Hull

HU1 2LD

FIXED ASSETS

Tangible assets

4

1,081,648

1,386,836

CURRENT ASSETS

Debtors

5

272,096

121,507

Cash at bank

503,091

199,193

775,187

320,700

CREDITORS

Amounts falling due within one year

6

494,658

276,648

NET CURRENT ASSETS

280,529

44,052

TOTAL ASSETS LESS CURRENT LIABILITIES

1,362,177

1,430,888

CREDITORS

Amounts falling due after more than one year

7

45,198

126,980

NET ASSETS

1,316,979

1,303,908

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

8

1,316,978

1,303,907

1,316,979

1,303,908

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 15 June 2026 and were signed by:

S Chester - Director

1.	STATUTORY INFORMATION

Rapid Group Services Limited 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.

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.

Turnover from a contract to provide services is recognised in the period which the services are provided in accordance with the stage of completion of the contract.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

542,438

1,276,918

1,819,356

Additions

32,025

374,000

406,025

Disposals

-

(922,022

)

(922,022

)

At 31 December 2025

574,463

728,896

1,303,359

DEPRECIATION

At 1 January 2025

-

432,520

432,520

Charge for year

-

197,536

197,536

Eliminated on disposal

-

(408,345

)

(408,345

)

At 31 December 2025

-

221,711

221,711

NET BOOK VALUE

At 31 December 2025

574,463

507,185

1,081,648

At 31 December 2024

542,438

844,398

1,386,836

Included within Land and Buildings, £50,000 (2024: £50,000) relates to Long Leasehold Property.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

(764,152

)

7,971

Other debtors

1,036,248

113,536

272,096

121,507

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

233,322

120,322

Trade creditors

40,830

2,238

Taxation and social security

116,970

67,378

Other creditors

103,536

86,710

494,658

276,648

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

45,198

126,980

8.

RESERVES

Retained

earnings

£

At 1 January 2025

1,303,907

Profit for the year

13,071

At 31 December 2025

1,316,978

9.	RELATED PARTY DISCLOSURES

During the period the company sold plant and machinery to Rapid Hire Limited, a company wholly owned by Mr S Chester, at a cost of £225,000. At the balance sheet date the company was owed £85,026 (2024 £nil) from Rapid Hire Limited.

During the year the company loaned Mr S Chester £153,550. Interest has been charged on this loan at HMRC's approved rates. The loan is due to be repaid before 30 September 2026.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is S Chester.