REGISTERED NUMBER: 13925031 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

RAPID RENEWABLES LIMITED

Page

Company Information

1

Report of the Directors

2

Statement of Income and Retained Earnings

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

Mr D J Budd

Mr N J Edwell

Mr S Grant

REGISTERED OFFICE:

Unit 10 Coln Industrial Estate

Old Bath Road

Colnbrook

Slough

SL3 0NJ

REGISTERED NUMBER:

13925031 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the distribution of solar panels and other PV equipment and the provision of related services

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

Mr D J Budd

Mr N J Edwell

Mr S Grant

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr N J Edwell - Director

18 September 2026

TURNOVER

16,069,367

12,797,184

Cost of sales

14,389,416

11,166,142

GROSS PROFIT

1,679,951

1,631,042

Administrative expenses

1,532,994

1,359,138

146,957

271,904

Other operating income

108,726

36,412

OPERATING PROFIT

4

255,683

308,316

Interest payable and similar expenses

99,952

110,403

PROFIT BEFORE TAXATION

155,731

197,913

Tax on profit

46,474

63,223

PROFIT FOR THE FINANCIAL YEAR

109,257

134,690

Retained earnings at beginning of year

666,064

591,374

Dividends

(15,000

)

(60,000

)

RETAINED EARNINGS AT END OF YEAR

760,321

666,064

FIXED ASSETS

Tangible assets

5

689,395

626,133

CURRENT ASSETS

Stocks

6

1,383,924

1,257,476

Debtors

7

1,985,580

1,239,121

Cash at bank

892,537

677,919

4,262,041

3,174,516

CREDITORS

Amounts falling due within one year

8

3,802,667

2,746,248

NET CURRENT ASSETS

459,374

428,268

TOTAL ASSETS LESS CURRENT LIABILITIES

1,148,769

1,054,401

CREDITORS

Amounts falling due after more than one year

9

(343,375

)

(350,335

)

PROVISIONS FOR LIABILITIES

(44,920

)

(37,849

)

NET ASSETS

760,474

666,217

CAPITAL AND RESERVES

Called up share capital

12

153

153

Retained earnings

760,321

666,064

SHAREHOLDERS' FUNDS

760,474

666,217

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 directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2026 and were signed on its behalf by:

Mr N J Edwell - Director

1.	STATUTORY INFORMATION

Rapid Renewables 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on delivery of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

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

Fixtures and fittings

25% straight line

Plant and machinery

20% reducing balance

Motor vehicles

20% reducing balance

Improvements to premises

10% straight line

Freehold Property

Freehold property is carried at cost less any impairment losses. The company’s accounting policy is not to depreciate freehold property, as the directors consider that the residual value of the property is not expected to be materially different from its carrying amount. At each reporting date, the property is assessed for indicators of impairment. If impairment indicators exist, the carrying amount is reviewed and adjusted accordingly.

Stocks

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

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 transaction price and measured at amortised cost using the effective interest method

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 16 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

28,560

15,706

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 January 2025

474,738

114,840

14,993

Additions

-

34,894

-

At 31 December 2025

474,738

149,734

14,993

DEPRECIATION

At 1 January 2025

-

8,502

2,977

Charge for year

-

13,103

2,403

At 31 December 2025

-

21,605

5,380

NET BOOK VALUE

At 31 December 2025

474,738

128,129

9,613

At 31 December 2024

474,738

106,338

12,016

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2025

20,271

20,379

645,221

Additions

-

56,928

91,822

At 31 December 2025

20,271

77,307

737,043

DEPRECIATION

At 1 January 2025

4,219

3,390

19,088

Charge for year

5,068

7,986

28,560

At 31 December 2025

9,287

11,376

47,648

NET BOOK VALUE

At 31 December 2025

10,984

65,931

689,395

At 31 December 2024

16,052

16,989

626,133

6.

STOCKS

2025

2024

£

£

Stocks

1,383,924

1,257,476

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,782,300

1,091,789

Other debtors

47,395

28,024

Prepayments and accrued income

155,885

119,308

1,985,580

1,239,121

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

37,447

66,268

Trade creditors

1,968,371

1,447,899

Corporation tax

39,403

25,374

Taxation and social security

22,542

84,980

VAT

209,406

146,656

Other creditors

1,372,998

743,833

Accrued expenses

152,500

231,238

3,802,667

2,746,248

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

343,375

350,335

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

3,707

3,707

Between one and five years

1,853

5,560

5,560

9,267

Following the year end, the company entered into a operating lease in relation to a business premises,

commencing on 6 January 2026. This commitment will expire on 30 March 2032 and totals £92,400 per annum.

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

380,822

416,603

Bank invoice financing loan

1,372,998

743,833

1,753,820

1,160,436

The invoice financing facility included within other creditors £1,372,998 (2024: £743,833) is secured by a fixed charge over the book and other debts. There is also a floating charge over all assets and undertakings

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

150

Ordinary

£1

150

150

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

153

153

All shares rank pari passu equally in all regards except that each class of share has a right to receive dividends payable to that class of shares only.

13.	RELATED PARTY DISCLOSURES

Information about related party transactions and outstanding balances is outlined below:

Aggregated transactions with related parties with common key management personnel

Sales

Purchases

Management charge (cost

Amount owed by related parties

Amounts owed to related parties

£

£

£

£

£

Period ended 31 December 2024

123,895

1,186,291

226,429

31,836

78,273

Period ended 31 December 2025

58,148

407,502

163,456

27,325

160,675

The above balances outstanding at the year end are trading balances and therefore are subject to the terms set out on the particular invoices raised.