Company Registration No. 05377627 (England and Wales)
RTCP Limited
Unaudited accounts
for the year ended 31 December 2023
RTCP Limited
Unaudited accounts
Contents
RTCP Limited
Company Information
for the year ended 31 December 2023
Company Number
05377627 (England and Wales)
Registered Office
75 Whitegate Gardens
Harrow
Middlesex
HA3 6BW
England
Accountants
Proficient Accountants
85 Great Portland Street
First Floor
London
W1W 7LT
RTCP Limited
Statement of financial position
as at 31 December 2023
Intangible assets
51,000
76,500
Tangible assets
29,210
38,163
Cash at bank and in hand
66,315
92,683
Creditors: amounts falling due within one year
(222,159)
(201,545)
Net current liabilities
(60,123)
(34,581)
Called up share capital
20,000
20,000
Profit and loss account
87
60,082
Shareholders' funds
20,087
80,082
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 September 2024 and were signed on its behalf by
Michel Lamaa
Director
Company Registration No. 05377627
RTCP Limited
Notes to the Accounts
for the year ended 31 December 2023
RTCP Limited is a private company, limited by shares, registered in England and Wales, registration number 05377627. The registered office is 75 Whitegate Gardens, Harrow, Middlesex, HA3 6BW, England.
2
Compliance with accounting standards
The financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared on the historical cost basis,.
The financial statements are presented in sterling, which is the functional currency of the entity.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and VAT
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Intangible fixed assets and amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 10% straight line
If there is an indication that there has been significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
RTCP Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill
At 31 December 2023
510,000
Charge for the year
25,500
At 31 December 2023
459,000
At 31 December 2023
51,000
At 31 December 2022
76,500
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
1,000
47,709
53,315
102,024
At 31 December 2023
1,000
47,709
53,315
102,024
At 1 January 2023
-
13,915
49,946
63,861
Charge for the year
-
8,448
505
8,953
At 31 December 2023
-
22,363
50,451
72,814
At 31 December 2023
1,000
25,346
2,864
29,210
At 31 December 2022
1,000
33,794
3,369
38,163
Amounts falling due within one year
Trade debtors
47,058
45,857
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
59,323
155,939
Taxes and social security
32,844
43,781
Loans from directors
119,581
625
RTCP Limited
Notes to the Accounts
for the year ended 31 December 2023
8
Transactions with related parties
Included in other creditors is an amount of £119,581 (2022: £625) due to the director of the company. There are no terms as to interest or repayment in respect of this balance.
Dividends totalling £137,500 (2022: £90,001) were paid in the year.
9
Average number of employees
During the year the average number of employees was 6 (2022: 6).