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REGISTERED NUMBER: 03905021 (England and Wales)

















Realtec Computing Ltd

Financial Statements for the Year Ended 31 January 2024






Realtec Computing Ltd (Registered number: 03905021)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Realtec Computing Ltd

Company Information
for the year ended 31 January 2024







DIRECTORS: Mr R E A Lewis
Mrs A J Lewis





REGISTERED OFFICE: 2 Witty Street
Hull
East Yorkshire
HU3 4TT





REGISTERED NUMBER: 03905021 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

Realtec Computing Ltd (Registered number: 03905021)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,415 8,878

CURRENT ASSETS
Stocks 5 3,000 2,300
Debtors 6 72,006 134,412
Cash at bank and in hand 4,060 2,474
79,066 139,186
CREDITORS
Amounts falling due within one year 7 87,489 101,509
NET CURRENT (LIABILITIES)/ASSETS (8,423 ) 37,677
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,992

46,555

CREDITORS
Amounts falling due after more than one
year

8

-

(24,017

)

PROVISIONS FOR LIABILITIES (1,979 ) (830 )
NET ASSETS 13 21,708

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 3 21,698
SHAREHOLDERS' FUNDS 13 21,708

Realtec Computing Ltd (Registered number: 03905021)

Balance Sheet - continued
31 January 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by:





Mr R E A Lewis - Director


Realtec Computing Ltd (Registered number: 03905021)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Realtec Computing 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 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.
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Realtec Computing Ltd (Registered number: 03905021)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 25,234 41,933 14,447 81,614
Additions 139 3,000 6,066 9,205
Disposals - (37,133 ) - (37,133 )
At 31 January 2024 25,373 7,800 20,513 53,686
DEPRECIATION
At 1 February 2023 23,398 35,615 13,723 72,736
Charge for year 576 1,950 2,424 4,950
Eliminated on disposal - (34,415 ) - (34,415 )
At 31 January 2024 23,974 3,150 16,147 43,271
NET BOOK VALUE
At 31 January 2024 1,399 4,650 4,366 10,415
At 31 January 2023 1,836 6,318 724 8,878

5. STOCKS
2024 2023
£    £   
Stocks 3,000 2,300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 69,303 83,275
Other debtors - 49,018
Prepayments 2,703 2,119
72,006 134,412

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,238 10,146
Trade creditors 13,924 15,709
Tax 2,154 6,669
Social security and other taxes 2,504 5,819
VAT 17,136 20,458
Credit card 19,294 17,208
Directors' current accounts 6,187 4,864
Accruals 5,414 2,511
Receipts in advance 14,638 18,125
87,489 101,509

Realtec Computing Ltd (Registered number: 03905021)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years - 24,017