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REGISTERED NUMBER: 12445429 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

REAL TIME BUSINESS LIMITED

REAL TIME BUSINESS LIMITED (REGISTERED NUMBER: 12445429)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

REAL TIME BUSINESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: E R D Morgan





REGISTERED OFFICE: 45 Queen Street
Deal
United Kingdom
Kent
CT14 6EY





REGISTERED NUMBER: 12445429 (England and Wales)





ACCOUNTANTS: Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY

REAL TIME BUSINESS LIMITED (REGISTERED NUMBER: 12445429)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 114,124 6,560

CURRENT ASSETS
Debtors 5 55,082 15,232
Cash at bank 6,396 10,729
61,478 25,961
CREDITORS
Amounts falling due within one year 6 73,730 15,504
NET CURRENT (LIABILITIES)/ASSETS (12,252 ) 10,457
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,872

17,017

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 101,871 17,016
SHAREHOLDERS' FUNDS 101,872 17,017

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 November 2023 and were signed by:





E R D Morgan - Director


REAL TIME BUSINESS LIMITED (REGISTERED NUMBER: 12445429)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Real Time Business Limited 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.

The financial statements are presented in round pounds £ sterling.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost, 20% on cost and 10% on reducing balance

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 1 ) .

REAL TIME BUSINESS LIMITED (REGISTERED NUMBER: 12445429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 6,900 - - - 6,900
Additions 82,662 919 29,990 1,414 114,985
At 28 February 2023 89,562 919 29,990 1,414 121,885
DEPRECIATION
At 1 March 2022 340 - - - 340
Charge for year 5,870 117 1,241 193 7,421
At 28 February 2023 6,210 117 1,241 193 7,761
NET BOOK VALUE
At 28 February 2023 83,352 802 28,749 1,221 114,124
At 28 February 2022 6,560 - - - 6,560

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,362 12,112
Directors' current accounts 29,807 -
VAT 20,913 3,120
55,082 15,232

Other debtors represents amounts owed to M&Co Homes Limited, a company controlled by the Director.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 56,988 9,361
Tax 1,995 1,967
Social security and other taxes 1,322 -
Other creditors 12,160 -
Directors' current accounts - 3,276
Accrued expenses 1,265 900
73,730 15,504

REAL TIME BUSINESS LIMITED (REGISTERED NUMBER: 12445429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
E R D Morgan
Balance outstanding at start of year (3,277 ) -
Amounts advanced 85,084 -
Amounts repaid (52,000 ) (3,277 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,807 (3,277 )

The loan to the director was repaid within 9 months of the year end, interest was charged to the director at 2% per annum.

REAL TIME BUSINESS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
REAL TIME BUSINESS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2023 set out on pages one to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY


Date: .............................................