REGISTERED NUMBER: 01524516 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

RAPID COMPUTERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M D Stevens

D C Stevens

SECRETARY:

M D Stevens

REGISTERED OFFICE:

Unit 10 Dakota Business Park

Skyhawk Avenue

Speke

Liverpool

L19 2QR

REGISTERED NUMBER:

01524516 (England and Wales)

ACCOUNTANTS:

Additions

Chartered Accountants

Office 2, Lake House

1a Lake Place

Hoylake

CH47 2DN

FIXED ASSETS

Tangible assets

4

71,661

71,758

CURRENT ASSETS

Stocks

228,662

199,002

Debtors

5

883,991

910,107

Cash at bank and in hand

357,469

342,787

1,470,122

1,451,896

CREDITORS

Amounts falling due within one year

6

964,879

988,980

NET CURRENT ASSETS

505,243

462,916

TOTAL ASSETS LESS CURRENT LIABILITIES

576,904

534,674

CREDITORS

Amounts falling due after more than one year

7

17,610

58,289

NET ASSETS

559,294

476,385

CAPITAL AND RESERVES

Called up share capital

255,000

255,000

Retained earnings

304,294

221,385

SHAREHOLDERS' FUNDS

559,294

476,385

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 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 Board of Directors and authorised for issue on 15 September 2026 and were signed on its behalf by:

M D Stevens - Director

1.	STATUTORY INFORMATION

Rapid Computers 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.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

Hire purchase

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account on a straight line basis over the relevant period. The capital element of the future payments is treated as a liability.

Invoice discounting

The company has adopted the separate presentation method of accounting, whereby gross discounted debts are included in the balance sheet as an asset and the advances from the discounter are included in creditors as a liability.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Borrowings

Interest bearing loans are recorded at the proceeds received, net of direct issue costs. Finance charges, including premiums payable on settlement or redemption and direct issue costs, are accounted for on an accruals basis in the profit and loss account using the effective interest method and are added to the carrying amount of the instrument to the extent that they are not settled in the period in which they arise.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

4,329

234,703

100,760

339,792

Additions

-

19,996

-

19,996

At 31 December 2025

4,329

254,699

100,760

359,788

DEPRECIATION

At 1 January 2025

4,329

219,062

44,643

268,034

Charge for year

-

6,064

14,029

20,093

At 31 December 2025

4,329

225,126

58,672

288,127

NET BOOK VALUE

At 31 December 2025

-

29,573

42,088

71,661

At 31 December 2024

-

15,641

56,117

71,758

The net book value of motor vehicles includes £34,491 (2024 - £45,988) in respect of assets held under hire purchase contracts. The amount of depreciation in respect of such assets amounted to £11,497 for the year (2024 - £16,190).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

77,011

166,686

Other debtors

806,980

743,421

883,991

910,107

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

61,708

Hire purchase contracts (see note 8)

35,630

16,782

Trade creditors

79,760

102,565

Taxation and social security

100,725

58,194

Other creditors

748,764

749,731

964,879

988,980

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

22,559

Hire purchase contracts (see note 8)

17,610

35,730

17,610

58,289

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

35,630

16,782

Between one and five years

17,610

35,730

53,240

52,512

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

84,267

Hire purchase contracts

53,240

52,512

53,240

136,779

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

M D Stevens

Balance outstanding at start of year

250,096

198,451

Amounts advanced

58,904

51,645

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

309,000

250,096

D C Stevens

Balance outstanding at start of year

121,189

114,058

Amounts advanced

-

7,131

Amounts repaid

(13,723

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

107,466

121,189

The above loans are repayable on demand.

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12.	ULTIMATE CONTROLLING PARTY

The directors M D Stevens and D C Stevens control the company by virtue of their controlling interest in Rapidnet Limited, the ultimate parent company.