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Company Registration No. 09629796 (England and Wales)
Realitech Limited Unaudited accounts for the year ended 31 March 2023
Realitech Limited Unaudited accounts Contents
Page
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Realitech Limited Company Information for the year ended 31 March 2023
Directors
N R Hagner J S Bhambra
Company Number
09629796 (England and Wales)
Registered Office
The Gallery New Quay Street Teignmouth Devon TQ14 8DA
Accountants
Yannons Chartered Accountants The Gallery New Quay Street Teignmouth Devon TQ14 8DA
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Realitech Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,730 
18,124 
Current assets
Debtors
1,800,879 
1,691,210 
Cash at bank and in hand
422,796 
347,603 
2,223,675 
2,038,813 
Creditors: amounts falling due within one year
(1,286,010)
(1,401,244)
Net current assets
937,665 
637,569 
Total assets less current liabilities
952,395 
655,693 
Provisions for liabilities
Deferred tax
(2,798)
(3,443)
Net assets
949,597 
652,250 
Capital and reserves
Called up share capital
4 
4 
Capital redemption reserve
2 
2 
Profit and loss account
949,591 
652,244 
Shareholders' funds
949,597 
652,250 
For the year ending 31 March 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by
N R Hagner Director Company Registration No. 09629796
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Realitech Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Realitech Limited is a private company, limited by shares, registered in England and Wales, registration number 09629796. The registered office is The Gallery, New Quay Street, Teignmouth, Devon, TQ14 8DA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of sale of goods and services to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Intangible fixed assets
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life of 3 years.
Deferred taxation
Deferred tax arises is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company makes contributions to employee pension schemes. Contributions payable are recognised in the profit and loss account when they become due in accordance with contractual arrangements.
Capital redemption reserve
Transfers are made to this account to maintain the nominal value of shares which have been bought back and cancelled by the company. 1 Ordinary and 1 Ordinary C share were bought back by the company in December 2021.
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Realitech Limited Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
30,000 
At 31 March 2023
30,000 
Amortisation
At 1 April 2022
30,000 
At 31 March 2023
30,000 
Net book value
At 31 March 2023
- 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
3,124 
38,497 
41,621 
Additions
- 
5,034 
5,034 
Disposals
- 
(4,118)
(4,118)
At 31 March 2023
3,124 
39,413 
42,537 
Depreciation
At 1 April 2022
845 
22,652 
23,497 
Charge for the year
781 
7,647 
8,428 
On disposals
- 
(4,118)
(4,118)
At 31 March 2023
1,626 
26,181 
27,807 
Net book value
At 31 March 2023
1,498 
13,232 
14,730 
At 31 March 2022
2,279 
15,845 
18,124 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
27,035 
Trade debtors
1,153,941 
1,035,393 
Accrued income and prepayments
646,833 
619,186 
Other debtors
105 
9,596 
1,800,879 
1,691,210 
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Realitech Limited Notes to the Accounts for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
6,551 
- 
Trade creditors
950,309 
872,778 
Taxes and social security
73,158 
71,158 
Other creditors
390 
17,776 
Accruals
255,602 
439,532 
1,286,010 
1,401,244 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
1 Ordinary A shares of £1 each
1 
1 
1 Ordinary B shares of £1 each
1 
1 
4 
4 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
J S Bhambra
Directors loan
8,000 
- 
8,000 
- 
8,000 
- 
8,000 
- 
10
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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