2023-04-012024-03-312024-03-31false06257418R-TECH CONSULTANTS LIMITED2024-07-2471200iso4217:GBPxbrli:pure062574182023-04-01062574182024-03-31062574182023-04-012024-03-31062574182022-04-01062574182023-03-31062574182022-04-012023-03-3106257418bus:SmallEntities2023-04-012024-03-3106257418bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3106257418bus:AbridgedAccounts2023-04-012024-03-3106257418bus:PrivateLimitedCompanyLtd2023-04-012024-03-3106257418core:WithinOneYear2024-03-3106257418core:AfterOneYear2024-03-3106257418core:WithinOneYear2023-03-3106257418core:AfterOneYear2023-03-3106257418core:ShareCapital2024-03-3106257418core:SharePremium2024-03-3106257418core:RevaluationReserve2024-03-3106257418core:OtherReservesSubtotal2024-03-3106257418core:RetainedEarningsAccumulatedLosses2024-03-3106257418core:ShareCapital2023-03-3106257418core:SharePremium2023-03-3106257418core:RevaluationReserve2023-03-3106257418core:OtherReservesSubtotal2023-03-3106257418core:RetainedEarningsAccumulatedLosses2023-03-3106257418core:LandBuildings2024-03-3106257418core:PlantMachinery2024-03-3106257418core:Vehicles2024-03-3106257418core:FurnitureFittings2024-03-3106257418core:OfficeEquipment2024-03-3106257418core:NetGoodwill2024-03-3106257418core:IntangibleAssetsOtherThanGoodwill2024-03-3106257418core:ListedExchangeTraded2024-03-3106257418core:UnlistedNon-exchangeTraded2024-03-3106257418core:LandBuildings2023-03-3106257418core:PlantMachinery2023-03-3106257418core:Vehicles2023-03-3106257418core:FurnitureFittings2023-03-3106257418core:OfficeEquipment2023-03-3106257418core:NetGoodwill2023-03-3106257418core:IntangibleAssetsOtherThanGoodwill2023-03-3106257418core:ListedExchangeTraded2023-03-3106257418core:UnlistedNon-exchangeTraded2023-03-3106257418core:LandBuildings2023-04-012024-03-3106257418core:PlantMachinery2023-04-012024-03-3106257418core:Vehicles2023-04-012024-03-3106257418core:FurnitureFittings2023-04-012024-03-3106257418core:OfficeEquipment2023-04-012024-03-3106257418core:NetGoodwill2023-04-012024-03-3106257418core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106257418core:ListedExchangeTraded2023-04-012024-03-3106257418core:UnlistedNon-exchangeTraded2023-04-012024-03-3106257418core:MoreThanFiveYears2023-04-012024-03-3106257418core:Non-currentFinancialInstruments2024-03-3106257418core:Non-currentFinancialInstruments2023-03-3106257418dpl:CostSales2023-04-012024-03-3106257418dpl:DistributionCosts2023-04-012024-03-3106257418core:LandBuildings2023-04-012024-03-3106257418core:PlantMachinery2023-04-012024-03-3106257418core:Vehicles2023-04-012024-03-3106257418core:FurnitureFittings2023-04-012024-03-3106257418core:OfficeEquipment2023-04-012024-03-3106257418dpl:AdministrativeExpenses2023-04-012024-03-3106257418core:NetGoodwill2023-04-012024-03-3106257418core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106257418dpl:GroupUndertakings2023-04-012024-03-3106257418dpl:ParticipatingInterests2023-04-012024-03-3106257418dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3106257418core:ListedExchangeTraded2023-04-012024-03-3106257418dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3106257418core:UnlistedNon-exchangeTraded2023-04-012024-03-3106257418dpl:CostSales2022-04-012023-03-3106257418dpl:DistributionCosts2022-04-012023-03-3106257418core:LandBuildings2022-04-012023-03-3106257418core:PlantMachinery2022-04-012023-03-3106257418core:Vehicles2022-04-012023-03-3106257418core:FurnitureFittings2022-04-012023-03-3106257418core:OfficeEquipment2022-04-012023-03-3106257418dpl:AdministrativeExpenses2022-04-012023-03-3106257418core:NetGoodwill2022-04-012023-03-3106257418core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3106257418dpl:GroupUndertakings2022-04-012023-03-3106257418dpl:ParticipatingInterests2022-04-012023-03-3106257418dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3106257418core:ListedExchangeTraded2022-04-012023-03-3106257418dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3106257418core:UnlistedNon-exchangeTraded2022-04-012023-03-3106257418core:NetGoodwill2024-03-3106257418core:IntangibleAssetsOtherThanGoodwill2024-03-3106257418core:LandBuildings2024-03-3106257418core:PlantMachinery2024-03-3106257418core:Vehicles2024-03-3106257418core:FurnitureFittings2024-03-3106257418core:OfficeEquipment2024-03-3106257418core:AfterOneYear2024-03-3106257418core:WithinOneYear2024-03-3106257418core:ListedExchangeTraded2024-03-3106257418core:UnlistedNon-exchangeTraded2024-03-3106257418core:ShareCapital2024-03-3106257418core:SharePremium2024-03-3106257418core:RevaluationReserve2024-03-3106257418core:OtherReservesSubtotal2024-03-3106257418core:RetainedEarningsAccumulatedLosses2024-03-3106257418core:NetGoodwill2023-03-3106257418core:IntangibleAssetsOtherThanGoodwill2023-03-3106257418core:LandBuildings2023-03-3106257418core:PlantMachinery2023-03-3106257418core:Vehicles2023-03-3106257418core:FurnitureFittings2023-03-3106257418core:OfficeEquipment2023-03-3106257418core:AfterOneYear2023-03-3106257418core:WithinOneYear2023-03-3106257418core:ListedExchangeTraded2023-03-3106257418core:UnlistedNon-exchangeTraded2023-03-3106257418core:ShareCapital2023-03-3106257418core:SharePremium2023-03-3106257418core:RevaluationReserve2023-03-3106257418core:OtherReservesSubtotal2023-03-3106257418core:RetainedEarningsAccumulatedLosses2023-03-3106257418core:NetGoodwill2022-04-0106257418core:IntangibleAssetsOtherThanGoodwill2022-04-0106257418core:LandBuildings2022-04-0106257418core:PlantMachinery2022-04-0106257418core:Vehicles2022-04-0106257418core:FurnitureFittings2022-04-0106257418core:OfficeEquipment2022-04-0106257418core:AfterOneYear2022-04-0106257418core:WithinOneYear2022-04-0106257418core:ListedExchangeTraded2022-04-0106257418core:UnlistedNon-exchangeTraded2022-04-0106257418core:ShareCapital2022-04-0106257418core:SharePremium2022-04-0106257418core:RevaluationReserve2022-04-0106257418core:OtherReservesSubtotal2022-04-0106257418core:RetainedEarningsAccumulatedLosses2022-04-0106257418core:AfterOneYear2023-04-012024-03-3106257418core:WithinOneYear2023-04-012024-03-3106257418core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-3106257418core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-3106257418core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-3106257418core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-3106257418core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-3106257418core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-3106257418core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3106257418core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3106257418core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3106257418core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3106257418core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3106257418core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3106257418core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3106257418core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3106257418core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3106257418core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3106257418core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3106257418core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3106257418core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3106257418core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3106257418core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3106257418core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3106257418core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3106257418core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3106257418core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3106257418core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3106257418core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3106257418bus:Director12023-04-012024-03-3106257418bus:Director22023-04-012024-03-3106257418bus:Director32023-04-012024-03-3106257418bus:Director42023-04-012024-03-31

R-TECH CONSULTANTS LIMITED

Registered Number
06257418
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

R-TECH CONSULTANTS LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

BURT, Stephen James
FRANKS, Benjamin David
FRANKS, Jonathan Mark
MUMFORD, David Gareth, Dr

Registered Address

Testing House Kenfig Industrial Estate
Margam
Port Talbot
SA13 2PE

Registered Number

06257418 (England and Wales)
R-TECH CONSULTANTS LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets342,4707,973
42,4707,973
Current assets
Debtors4330,162280,758
Cash at bank and on hand190,379164,765
520,541445,523
Creditors amounts falling due within one year5(113,687)(104,407)
Net current assets (liabilities)406,854341,116
Total assets less current liabilities449,324349,089
Provisions for liabilities(7,343)(2,875)
Net assets441,981346,214
Capital and reserves
Profit and loss account441,981346,214
Shareholders' funds441,981346,214
The financial statements were approved and authorised for issue by the Board of Directors on 24 July 2024, and are signed on its behalf by:
FRANKS, Benjamin David
Director
Registered Company No. 06257418
R-TECH CONSULTANTS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery5
Fixtures and fittings5
Office Equipment5
2.Average number of employees

20242023
Average number of employees during the year119
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 23289,953
Additions38,069
At 31 March 24328,022
Depreciation and impairment
At 01 April 23281,979
Charge for year3,573
At 31 March 24285,552
Net book value
At 31 March 2442,470
At 31 March 237,973
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables96,092107,058
Other debtors226,308171,957
Prepayments and accrued income7,7621,743
Total330,162280,758
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables38,2896,577
Taxation and social security65,78895,005
Accrued liabilities and deferred income9,6102,825
Total113,687104,407
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Other commitments
At the reporting date the company had outstanding commitments for future minimum lease payments of £14,100 (2023 : £14,100) over a rolling one year period. The lease agreement relates to rental of property from its associated company.
7.Contingent liabilities
In previous years the company has received grant funding in relation to the acquisition of specified fixed assets. Should any conditions of the grant be contravened, then the grant could become repayable to the funder.
8.Related party transactions
During the year Mr. A. R. Franks received consultancy fees of £Nil (2023 : £8,000). Mr. A. R. Franks was a director of R-Tech Consultants Limited who resigned on 15 March 2023 .