RAPIDSWITCH LIMITED

 

 

 

 

Unaudited Financial Statements

 

31 March 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company Registration No.

04535693

RAPIDSWITCH LIMITED

 

UNAUDITED FINANCIAL STATEMENTS 2026

 

CONTENTS

Page

 

 

Company information

1

 

 

Statement of financial position

2

 

 

Notes to the financial statements

3

 

RAPIDSWITCH LIMITED

 

UNAUDITED FINANCIAL STATEMENTS 2026

 

COMPANY INFORMATION

 

DIRECTORS

 

C MacKay (appointed 19 June 2026)

R Last

S Cunningham (resigned 26 June 2026)

L Dimes (resigned 5 June 2025)

M Waymark (appointed 14 September 2026)

 

REGISTERED OFFICE

 

3rd Floor

11-21 Paul Street

London

EC2A 4JU

RAPIDSWITCH LIMITED

 

STATEMENT OF FINANCIAL POSITION

As at 31 March 2026

 

 

 

As at 31 March 2026 (Unaudited)

As at 31 March 2025 (Unaudited)

 

Note

£

£

 

 

 

 

Current assets

 

 

 

Debtors

3

22

 

 

 

 

Net assets

 

22

 

 

 

 

Capital and reserves

 

 

 

Called up share capital

4

22

 

 

 

 

Shareholders' funds

 

22

 

The company has been dormant, as defined in Section 1169 of the Companies Act 2006, throughout the year ended 31 March 2026 and in the two previous years. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006. The directors confirm that:

 

•

they acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the financial statements; and

•

the company is entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

 

The financial statements were approved by the board of directors on 9 October 2026 and signed on its behalf by:

 

 

 

M Waymark

 

Director

 

Company number: 04535693

 

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

 

 

 

The notes on pages 3 to 4 form an integral part of these financial statements.

RAPIDSWITCH LIMITED

 

NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 March 2026

 

1.     COMPANY INFORMATION

 

RapidSwitch Limited is a company incorporated and domiciled in the United Kingdom and registered in England and Wales under the Companies Act 2006. The company has been dormant, as defined in Section 1169 of the Companies Act 2006, throughout the year ended 31 March 2026 and the two previous years.

 

2.     ACCOUNTING POLICIES

 

Statement of compliance

 

The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities, ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland', and the requirements of the Companies Act 2006 applicable to companies subject to the small companies' regime. There were no material departures from that standard.

 

The financial statements have been prepared on a historical cost basis and are presented in Sterling (£) which is the company's functional and presentational currency.

 

Future developments in financial reporting

 

Amendments to FRS 102 arising from the Periodic Review 2024 are effective for accounting periods beginning on or after 1 January 2026. The company will adopt these amendments in its financial statements for the year ending 31 March 2027.

 

Basic financial instruments

 

Basic financial assets, including debtors and amounts owed by group undertakings, are initially recognised at transaction price and subsequently measured at amortised cost.

 

Employees

 

The average monthly number of employees during the year was nil (2025: nil).

 

Profit and loss account

 

The balance on the profit and loss account at 31 March 2026 was nil (2025: nil). The company has ceased trading activities and is dormant.

 

RAPIDSWITCH LIMITED

 

NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 March 2026

 

3.     DEBTORS

 

 

As at 31 March 2026 (Unaudited)

As at 31 March 2025 (Unaudited)

 

£

£

 

 

 

Amounts owed by group undertakings

22

 

4.     CALLED UP SHARE CAPITAL

 

 

As at 31 March 2026 (Unaudited)

As at 31 March 2025 (Unaudited)

 

£

£

Authorised

 

 

10,000,000 ordinary shares of £1 each

10,000,000

10,000,000

 

 

 

Allotted, called up and fully paid

 

 

2 ordinary shares of £1 each

22

 

5.     ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

 

The ultimate parent company and controlling party is iomart Group plc (registered number SC204560), a company incorporated in Scotland. Consolidated financial statements including RapidSwitch Limited are available from iomart Group plc, 6 Atlantic Quay, 55 Robertson Street, Glasgow, Scotland, G2 8JD.

 

The company is a wholly owned subsidiary of iomart Group plc. The consolidated financial statements of iomart Group plc represent the smallest and largest group of undertakings for which group financial statements are prepared and of which the company is a member.