Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity910truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05986046 2023-04-01 2024-03-31 05986046 2022-04-01 2023-03-31 05986046 2024-03-31 05986046 2023-03-31 05986046 c:Director1 2023-04-01 2024-03-31 05986046 c:Director2 2023-04-01 2024-03-31 05986046 c:RegisteredOffice 2023-04-01 2024-03-31 05986046 d:OfficeEquipment 2023-04-01 2024-03-31 05986046 d:OfficeEquipment 2024-03-31 05986046 d:OfficeEquipment 2023-03-31 05986046 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05986046 d:ComputerEquipment 2023-04-01 2024-03-31 05986046 d:Goodwill 2023-04-01 2024-03-31 05986046 d:Goodwill 2024-03-31 05986046 d:Goodwill 2023-03-31 05986046 d:CurrentFinancialInstruments 2024-03-31 05986046 d:CurrentFinancialInstruments 2023-03-31 05986046 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05986046 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05986046 d:ShareCapital 2024-03-31 05986046 d:ShareCapital 2023-03-31 05986046 d:RetainedEarningsAccumulatedLosses 2024-03-31 05986046 d:RetainedEarningsAccumulatedLosses 2023-03-31 05986046 c:FRS102 2023-04-01 2024-03-31 05986046 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05986046 c:FullAccounts 2023-04-01 2024-03-31 05986046 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05986046 2 2023-04-01 2024-03-31 05986046 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 05986046 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 05986046 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 05986046 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 05986046 d:RetirementBenefitObligationsDeferredTax 2024-03-31 05986046 d:RetirementBenefitObligationsDeferredTax 2023-03-31 05986046 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 05986046 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 05986046










REAL TIME RECEPTION LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
REAL TIME RECEPTION LIMITED
 
 
COMPANY INFORMATION


Directors
Howard Hughes 
Jennifer Spencer 




Registered number
05986046



Registered office
Merchants Place
16 Church Street

Cromer

Norfolk

NR27 9ES




Accountants
Larking Gowen LLP
Chartered Accountants

80 Grove Lane

Holt

NR25 6ED





 
REAL TIME RECEPTION LIMITED
 

CONTENTS



Page
Statement of financial position
 
 
1 - 2
Notes to the financial statements
 
 
3 - 10

 
REAL TIME RECEPTION LIMITED
REGISTERED NUMBER: 05986046

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,200
2,400

Tangible assets
 5 
828
502

  
2,028
2,902

Current assets
  

Debtors: amounts falling due within one year
 6 
20,790
25,445

Cash at bank and in hand
  
8,493
2,651

  
29,283
28,096

Creditors: amounts falling due within one year
 7 
(12,194)
(21,027)

Net current assets
  
 
 
17,089
 
 
7,069

Total assets less current liabilities
  
19,117
9,971

Provisions for liabilities
  

Deferred tax
 8 
-
(95)

  
 
 
-
 
 
(95)

Net assets
  
19,117
9,876


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
19,017
9,776

  
19,117
9,876


Page 1

 
REAL TIME RECEPTION LIMITED
REGISTERED NUMBER: 05986046
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 August 2024.




................................................
Jennifer Spencer
................................................
Howard Hughes
Director
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
REAL TIME RECEPTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Real Time Reception Ltd is a private company limited by shares and incorporated in England and Wales, registration number 05986046. The registered office is Merchants Place, 16 Church Street, Cromer, Norfolk,  NR27 9ES.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling, which is the functional currency of the compant are rounded to the nearest £.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
REAL TIME RECEPTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
REAL TIME RECEPTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Income statement over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
REAL TIME RECEPTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
9
10

Page 6

 
REAL TIME RECEPTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
12,000



At 31 March 2024

12,000



Amortisation


At 1 April 2023
9,600


Charge for the year on owned assets
1,200



At 31 March 2024

10,800



Net book value



At 31 March 2024
1,200



At 31 March 2023
2,400



Page 7

 
REAL TIME RECEPTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2023
1,558


Additions
612


Disposals
(70)



At 31 March 2024

2,100



Depreciation


At 1 April 2023
1,056


Charge for the year on owned assets
277


Disposals
(61)



At 31 March 2024

1,272



Net book value



At 31 March 2024
828



At 31 March 2023
502


6.


Debtors

2024
2023
£
£


Trade debtors
19,084
21,705

Other debtors
-
430

Prepayments and accrued income
569
3,310

Deferred taxation
1,137
-

20,790
25,445


Page 8

 
REAL TIME RECEPTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,006
2,210

Other taxation and social security
4,821
5,058

Other creditors
1,717
12,123

Accruals and deferred income
1,650
1,636

12,194
21,027



8.


Deferred taxation




2024


£






At beginning of year
(95)


Charged to profit or loss
1,232



At end of year
1,137

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(157)
(95)

Tax losses carried forward
1,272
-

Pension surplus
22
-

1,137
(95)


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,611 (2023 - £2,340) . Contributions totalling £270 (2023 - £364) were payable to the fund at the reporting date and are included in other creditors.

Page 9

 
REAL TIME RECEPTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Related party transactions

At the year end the company owed the directors £1,250 (2023 - £11,652) which is shown within other creditors.

 
Page 10