Boing Rapid Secure Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 06983331

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		19,939		16,960
Investments	5		2		2

			19,941		16,962
CURRENT ASSETS
Debtors	6	4,417,516		2,435,328
Cash at bank and in hand		868,458		828,264

		5,285,974		3,263,592
Creditors: Amounts Falling Due Within One Year	7	(522,305 )		(523,814 )

NET CURRENT ASSETS (LIABILITIES)			4,763,669		2,739,778

TOTAL ASSETS LESS CURRENT LIABILITIES			4,783,610		2,756,740

PROVISIONS FOR LIABILITIES
Deferred Taxation			(5,017 )		(4,240 )

NET ASSETS			4,778,593		2,752,500

CAPITAL AND RESERVES
Called up share capital	8		2,214		2,214
Share premium account			2,770		2,770
Capital redemption reserve			13		13
Profit and Loss Account			4,773,596		2,747,503

SHAREHOLDERS' FUNDS			4,778,593		2,752,500

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Boing Rapid Secure Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Christian Long

Director

11 June 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Boing Rapid Secure Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06983331 . The registered office is Manor Court Chambers, Townsend Drive, Nuneaton, Warwickshire, CV11 6RU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Fixtures & Fittings	15% reducing balance
Computer Equipment	25% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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.

...CONTINUED

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Boing Rapid Secure Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 26 (2025: 26)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2025	2,054	11,646	41,148	54,848
Additions	-	3,633	5,678	9,311
Disposals	-	(314 )	(2,443 )	(2,757 )

As at 31 January 2026	2,054	14,965	44,383	61,402

Depreciation
As at 1 February 2025	1,926	8,618	27,344	37,888
Provided during the period	32	994	4,738	5,764
Disposals	-	(281 )	(1,908 )	(2,189 )

As at 31 January 2026	1,958	9,331	30,174	41,463

Net Book Value
As at 31 January 2026	96	5,634	14,209	19,939

As at 1 February 2025	128	3,028	13,804	16,960

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 February 2025	2

As at 31 January 2026	2

Provision
As at 1 February 2025	-

As at 31 January 2026	-

Net Book Value
As at 31 January 2026	2

As at 1 February 2025	2

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Boing Rapid Secure Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	470,707	685,782
Other debtors	2,611,008	376,535

	3,081,715	1,062,317
Due after more than one year
Amounts owed by group undertakings	1,335,801	1,373,011

	4,417,516	2,435,328

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	15,868	18,040
Other creditors	49,574	44,523
Taxation and social security	456,863	461,251

	522,305	523,814

8. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
2,000 Ordinary A shares of £ 1.00 each	2,000	2,000
2 Ordinary B shares of £ 1.00 each	2	2
1 Ordinary C shares of £ 1.00 each	1	1
211 Ordinary D shares of £ 1.00 each	211	211

	2,214	2,214

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	13,481	17,714
Later than one year and not later than five years	15,381	1,356

	28,862	19,070

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Boing Rapid Secure Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 February 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2026
	£	£	£	£	£
Mr Christian Long	48,315	616,563	-	-	664,878
Mr Richard Tomkins	148,694	348,278	-	-	496,972
Mr Charles Campbell	112,843	1,035,487	-	-	1,148,330
Mr Paul Carvell	26,789	227,636	-	-	254,425

The directors have been charged interest at 2.25% to 05 April 2025 and 3.75% to 31 January 2026 on their overdrawn balances in line with the beneficial loan arrangement interest rate set by H M Revenue and Customs.

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