Rapido Sepeda Ltd

Registered Number: 13112212 Rapido Sepeda Ltd
Statement of Financial Position
As at 31 January 2026

	Notes	2026 £	2025 £
Current assets
Stocks	4	12,981	12,981
Debtors	5	287,419	287,051
Cash at bank and in hand		872	1,458
		301,272	301,490
Creditors: amount falling due within one year	6	(29,387)	(27,969)
Net current assets		271,885	273,521

Total assets less current liabilities		271,885	273,521
Accruals and deferred income		(15,200)	(15,200)
Net assets		256,685	258,321

Capital and reserves
Called up share capital	7	2	2
Profit and loss account		256,683	258,319
Shareholders' funds		256,685	258,321

For the year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 financial statements were approved by the board of directors on 22 October 2026 and were signed on its behalf by:

-------------------------------
Iqram DAMIEL
Director

Rapido Sepeda Ltd
Notes to the Financial Statements
For the year ended 31 January 2026

General Information

Rapido Sepeda Ltd is a private company, limited by shares, registered in , registration number 13112212, registration address 139 Thorold Road, Ilford, Essex, IG1 4EZ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings

2 years Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 0 (2025 : 6).

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Total
	£	£
At 01 February 2025	-	-
Additions	18,818	18,818
Disposals	-	-
At 31 January 2026	18,818	18,818
Depreciation
At 01 February 2025	18,818	18,818
Charge for year	-	-
On disposals	-	-
At 31 January 2026	18,818	18,818
Net book values
Closing balance as at 31 January 2026	-	-
Opening balance as at 01 February 2025	-	-

Stocks

	2026 £		2025 £
Stocks	12,981		12,981
	12,981		12,981

Debtors: amounts falling due within one year

	2026 £	2025 £
Trade Debtors	15,200	15,200
Other Debtors	272,200	272,281
VAT	19	19
	287,419	287,500

Debtors: amounts falling due after one year

	2026 £		2025 £
Trade Debtors	-		(449)
	-		(449)

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	1,241	823
Accrued Expenses	300	300
Directors' Current Accounts	27,846	26,846
	29,387	27,969

Share Capital

Authorised
2 Class A shares of £1.00 each

Allotted, called up and fully paid	2026 £		2025 £
2 Class A shares of £1.00 each	2		2
	2		2