REGISTERED NUMBER: 04215880 (England and Wales)

RAPID DESPATCH LOGISTICS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Beale

J Lynn

REGISTERED OFFICE:

Unit 2

424 Portswood Road

Southampton

Hampshire

SO17 3SD

REGISTERED NUMBER:

04215880 (England and Wales)

BANKERS:

HSBC Bank plc

35 Middle Road

Park Gate

Southampton

Hampshire

SO31 7GH

FIXED ASSETS

Tangible assets

4

4,747

9,136

CURRENT ASSETS

Debtors

5

368,418

308,454

Cash at bank and in hand

225,001

180,113

593,419

488,567

CREDITORS

Amounts falling due within one year

6

(230,793

)

(192,570

)

NET CURRENT ASSETS

362,626

295,997

TOTAL ASSETS LESS CURRENT LIABILITIES

367,373

305,133

CREDITORS

Amounts falling due after more than one year

7

(4,410

)

(14,807

)

NET ASSETS

362,963

290,326

CAPITAL AND RESERVES

Called up share capital

61

66

Capital redemption reserve

41

36

Retained earnings

362,861

290,224

SHAREHOLDERS' FUNDS

362,963

290,326

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 10 November 2025 and were signed on its behalf by:

R Beale - Director

1.	STATUTORY INFORMATION

Rapid Despatch Logistics Ltd 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 FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and far view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax. Turnover is recognised when the customers goods are delivered.

Tangible fixed assets

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

Fixtures and fittings

-

20% Reducing balance

Motor vehicles

-

20% Reducing balance

Computer equipment

-

Straight line over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

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.

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.

Financial assets

Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 June 2024

28,591

3,917

28,090

60,598

Additions

162

-

1,928

2,090

Disposals

(1,340

)

(3,917

)

(10,450

)

(15,707

)

At 31 May 2025

27,413

-

19,568

46,981

DEPRECIATION

At 1 June 2024

26,357

588

24,517

51,462

Charge for year

447

665

2,603

3,715

Eliminated on disposal

(1,340

)

(1,253

)

(10,350

)

(12,943

)

At 31 May 2025

25,464

-

16,770

42,234

NET BOOK VALUE

At 31 May 2025

1,949

-

2,798

4,747

At 31 May 2024

2,234

3,329

3,573

9,136

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

310,905

254,604

Other debtors

57,513

53,850

368,418

308,454

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,397

10,140

Trade creditors

102,489

36,741

Taxation and social security

112,127

139,854

Other creditors

5,780

5,835

230,793

192,570

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

4,410

14,807

8.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

23,293

52,670

Between one and five years

39,690

62,983

62,983

115,653

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, advances totalling £245 (2024: £232) were made to the company's directors. £624 (2024: £1,324) was repaid prior to the year end. The balance owed from the company to the directors at the year end was £802 (2024: £422).

No interest is payable and the advances are repayable on demand.