Company Registration No. 02245988 (England and Wales)
Rapier Design Limited
Unaudited accounts
for the year ended 31 December 2025
Rapier Design Limited
Unaudited accounts
Contents
Rapier Design Limited
Company Information
for the year ended 31 December 2025
Directors
Helen Rosemary De Bois
Robert Brazier
Christopher Litchfield
Christopher Whittaker
Secretary
Helen Rosemary De Bois
Company Number
02245988 (England and Wales)
Registered Office
The Old Barn, Unit 1 Hillside Farm
Pepper Hill, Great Amwell
Ware
SG12 9FX
England
Accountants
Practice London Limited
71-75 Shelton Street
London
WC2H 9JQ
Rapier Design Limited
Statement of financial position
as at 31 December 2025
Tangible assets
32,750
47,221
Cash at bank and in hand
4,552,849
4,151,785
Creditors: amounts falling due within one year
(4,271,975)
(2,175,582)
Net current assets
1,451,889
2,604,231
Total assets less current liabilities
1,484,741
2,651,554
Provisions for liabilities
Deferred tax
(8,188)
(11,805)
Net assets
1,476,553
2,639,749
Called up share capital
10,000
10,000
Profit and loss account
1,466,553
2,629,749
Shareholders' funds
1,476,553
2,639,749
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2026 and were signed on its behalf by
Helen Rosemary De Bois
Director
Company Registration No. 02245988
Rapier Design Limited
Notes to the Accounts
for the year ended 31 December 2025
Rapier Design Limited is a private company, limited by shares, registered in England and Wales, registration number 02245988. The registered office is The Old Barn, Unit 1 Hillside Farm, Pepper Hill, Great Amwell, Ware, SG12 9FX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The financial statements have been prepared on the going concern basis. The directors have reviewed the Company's financial position, trading performance and cash flow projections for a period of not less than 12 months from the date of approval of these financial statements and are satisfied that the Company has sufficient resources to continue to meet its obligations as they fall due for the foreseeable future.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is amortised evenly over its estimated useful life.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% Straight line method
Computer equipment
33% Straight line method
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.
Rapier Design Limited
Notes to the Accounts
for the year ended 31 December 2025
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
At 1 January 2025
1,799,904
At 31 December 2025
1,799,904
At 1 January 2025
1,799,904
At 31 December 2025
1,799,904
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2025
33,276
100,039
133,315
Additions
1,008
15,226
16,234
Disposals
-
(38,053)
(38,053)
At 31 December 2025
34,284
77,212
111,496
At 1 January 2025
15,591
70,503
86,094
Charge for the year
4,968
25,737
30,705
On disposals
-
(38,053)
(38,053)
At 31 December 2025
20,559
58,187
78,746
At 31 December 2025
13,725
19,025
32,750
At 31 December 2024
17,685
29,536
47,221
Rapier Design Limited
Notes to the Accounts
for the year ended 31 December 2025
6
Investments
Other investments
Valuation at 1 January 2025
102
Valuation at 31 December 2025
102
Amounts falling due within one year
Trade debtors
303,001
297,876
Amounts due from group undertakings etc.
459,993
-
Other debtors
408,021
330,152
8
Creditors: amounts falling due within one year
2025
2024
Trade creditors
2,487,334
1,024,818
Amounts owed to group undertakings and other participating interests
102
20,109
Taxes and social security
280,878
408,785
Other creditors
553,630
310,728
Deferred income
950,031
411,142
9
Transactions with related parties
During the year, the Company paid dividends to its immediate parent undertaking, Rapiergroup Limited, amounting to £2,340,000 (2024: £300,000).
The immediate parent undertaking is Rapiergroup Limited, which is incorporated in England and Wales.
During the year, the ultimate controlling party changed from the former individual shareholders to Rapiergroup Trustees Limited Employee Ownership Trust, following the Trust's acquisition of the entire share capital of Rapiergroup Limited. The Trust operates for the collective benefit of the employees of the Company and there is no individual ultimate controlling party.
The Company's relationship with its immediate parent undertaking, Rapiergroup Limited, is unchanged.
11
Average number of employees
During the year the average number of employees was 36 (2024: 36).