2023-01-012023-12-312023-12-31false12383830RTI GROUP EUROPE LTD2024-03-01iso4217:GBPxbrli:pure123838302023-01-01123838302023-12-31123838302023-01-012023-12-31123838302022-01-01123838302022-12-31123838302022-01-012022-12-3112383830bus:SmallEntities2023-01-012023-12-3112383830bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3112383830bus:FullAccounts2023-01-012023-12-3112383830bus:PrivateLimitedCompanyLtd2023-01-012023-12-3112383830core:WithinOneYear2023-12-3112383830core:AfterOneYear2023-12-3112383830core:WithinOneYear2022-12-3112383830core:AfterOneYear2022-12-3112383830core:ShareCapital2023-12-3112383830core:SharePremium2023-12-3112383830core:RevaluationReserve2023-12-3112383830core:OtherReservesSubtotal2023-12-3112383830core:RetainedEarningsAccumulatedLosses2023-12-3112383830core:ShareCapital2022-12-3112383830core:SharePremium2022-12-3112383830core:RevaluationReserve2022-12-3112383830core:OtherReservesSubtotal2022-12-3112383830core:RetainedEarningsAccumulatedLosses2022-12-3112383830core:LandBuildings2023-12-3112383830core:PlantMachinery2023-12-3112383830core:Vehicles2023-12-3112383830core:FurnitureFittings2023-12-3112383830core:OfficeEquipment2023-12-3112383830core:NetGoodwill2023-12-3112383830core:IntangibleAssetsOtherThanGoodwill2023-12-3112383830core:ListedExchangeTraded2023-12-3112383830core:UnlistedNon-exchangeTraded2023-12-3112383830core:LandBuildings2022-12-3112383830core:PlantMachinery2022-12-3112383830core:Vehicles2022-12-3112383830core:FurnitureFittings2022-12-3112383830core:OfficeEquipment2022-12-3112383830core:NetGoodwill2022-12-3112383830core:IntangibleAssetsOtherThanGoodwill2022-12-3112383830core:ListedExchangeTraded2022-12-3112383830core:UnlistedNon-exchangeTraded2022-12-3112383830core:LandBuildings2023-01-012023-12-3112383830core:PlantMachinery2023-01-012023-12-3112383830core:Vehicles2023-01-012023-12-3112383830core:FurnitureFittings2023-01-012023-12-3112383830core:OfficeEquipment2023-01-012023-12-3112383830core:NetGoodwill2023-01-012023-12-3112383830core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112383830core:ListedExchangeTraded2023-01-012023-12-3112383830core:UnlistedNon-exchangeTraded2023-01-012023-12-3112383830core:MoreThanFiveYears2023-01-012023-12-3112383830core:Non-currentFinancialInstruments2023-12-3112383830core:Non-currentFinancialInstruments2022-12-3112383830dpl:CostSales2023-01-012023-12-3112383830dpl:DistributionCosts2023-01-012023-12-3112383830core:LandBuildings2023-01-012023-12-3112383830core:PlantMachinery2023-01-012023-12-3112383830core:Vehicles2023-01-012023-12-3112383830core:FurnitureFittings2023-01-012023-12-3112383830core:OfficeEquipment2023-01-012023-12-3112383830dpl:AdministrativeExpenses2023-01-012023-12-3112383830core:NetGoodwill2023-01-012023-12-3112383830core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112383830dpl:GroupUndertakings2023-01-012023-12-3112383830dpl:ParticipatingInterests2023-01-012023-12-3112383830dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3112383830core:ListedExchangeTraded2023-01-012023-12-3112383830dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3112383830core:UnlistedNon-exchangeTraded2023-01-012023-12-3112383830dpl:CostSales2022-01-012022-12-3112383830dpl:DistributionCosts2022-01-012022-12-3112383830core:LandBuildings2022-01-012022-12-3112383830core:PlantMachinery2022-01-012022-12-3112383830core:Vehicles2022-01-012022-12-3112383830core:FurnitureFittings2022-01-012022-12-3112383830core:OfficeEquipment2022-01-012022-12-3112383830dpl:AdministrativeExpenses2022-01-012022-12-3112383830core:NetGoodwill2022-01-012022-12-3112383830core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3112383830dpl:GroupUndertakings2022-01-012022-12-3112383830dpl:ParticipatingInterests2022-01-012022-12-3112383830dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3112383830core:ListedExchangeTraded2022-01-012022-12-3112383830dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3112383830core:UnlistedNon-exchangeTraded2022-01-012022-12-3112383830core:NetGoodwill2023-12-3112383830core:IntangibleAssetsOtherThanGoodwill2023-12-3112383830core:LandBuildings2023-12-3112383830core:PlantMachinery2023-12-3112383830core:Vehicles2023-12-3112383830core:FurnitureFittings2023-12-3112383830core:OfficeEquipment2023-12-3112383830core:AfterOneYear2023-12-3112383830core:WithinOneYear2023-12-3112383830core:ListedExchangeTraded2023-12-3112383830core:UnlistedNon-exchangeTraded2023-12-3112383830core:ShareCapital2023-12-3112383830core:SharePremium2023-12-3112383830core:RevaluationReserve2023-12-3112383830core:OtherReservesSubtotal2023-12-3112383830core:RetainedEarningsAccumulatedLosses2023-12-3112383830core:NetGoodwill2022-12-3112383830core:IntangibleAssetsOtherThanGoodwill2022-12-3112383830core:LandBuildings2022-12-3112383830core:PlantMachinery2022-12-3112383830core:Vehicles2022-12-3112383830core:FurnitureFittings2022-12-3112383830core:OfficeEquipment2022-12-3112383830core:AfterOneYear2022-12-3112383830core:WithinOneYear2022-12-3112383830core:ListedExchange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RTI GROUP EUROPE LTD

Registered Number
12383830
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

RTI GROUP EUROPE LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

ELIASSON, Fredric
LJUNGBERG, Fredrik
SAHLBERG, Elin

Registered Address

1a Kingsburys Lane
Ringwood
BH24 1EL

Registered Number

12383830 (England and Wales)
RTI GROUP EUROPE LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets33,3772,148
3,3772,148
Current assets
Debtors15,823234,933
Cash at bank and on hand2,1131,576
17,936236,509
Creditors amounts falling due within one year4(21,213)(36,205)
Net current assets (liabilities)(3,277)200,304
Total assets less current liabilities100202,452
Net assets100202,452
Capital and reserves
Called up share capital100100
Profit and loss account-202,352
Shareholders' funds100202,452
The financial statements were approved and authorised for issue by the Board of Directors on 1 March 2024, and are signed on its behalf by:
SAHLBERG, Elin
Director
Registered Company No. 12383830
RTI GROUP EUROPE LTD
Notes to the Financial Statements
for the year ended 31 December 2023

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.
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:
2.Average number of employees

20232022
Average number of employees during the year34
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 233,5813,581
Additions1,9241,924
At 31 December 235,5055,505
Depreciation and impairment
At 01 January 231,4331,433
Charge for year695695
At 31 December 232,1282,128
Net book value
At 31 December 233,3773,377
At 31 December 222,1482,148
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables11,28615,428
Taxation and social security9,92720,777
Total21,21336,205
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.