3146178falsesoftware development.2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-12-31http://www.companieshouse.gov.uk/cd:Director12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director22023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CapitalRedemptionReserve2022-12-31http://www.companieshouse.gov.uk/cd:Director32023-01-012023-12-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-12-31http://www.companieshouse.gov.uk/pt:CapitalRedemptionReserve2023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22023-01-012023-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-12-31http://www.companieshouse.gov.uk/2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:FRS1022023-01-012023-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-01-012023-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 3146178
Rapid Prototyping Systems Limited
ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
Prepared By:
Lindrick Accountancy Services Ltd
205 Outgang Lane
Dinnington
Sheffield
S25 3QY
Rapid Prototyping Systems Limited
ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
P D Blakeman
C J Sanderson
Catherine Mary Wright
REGISTERED OFFICE
205 Outgang Lane
Dinnington
Sheffield
S25 3QY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 3146178
ACCOUNTANTS
Lindrick Accountancy Services Ltd
205 Outgang Lane
Dinnington
Sheffield
S25 3QY
Rapid Prototyping Systems Limited
ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Rapid Prototyping Systems Limited
BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Intangible assets2519,765572,245
Tangible assets31,4731,964
521,238574,209
CURRENT ASSETS
Debtors4103,530107,679
Cash at bank and in hand241,262190,556
344,792298,235
CREDITORS: Amounts falling due within one year575,48399,822
NET CURRENT ASSETS269,309198,413
TOTAL ASSETS LESS CURRENT LIABILITIES790,547772,622
PROVISIONS FOR LIABILITIES AND CHARGES71,3211,321
NET ASSETS789,226771,301
CAPITAL AND RESERVES
Called up share capital8120120
Capital redemption reserve9100100
Profit and loss account789,006771,081
SHAREHOLDERS' FUNDS789,226771,301
For the year ending 31/12/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 26/09/2024 and signed on their behalf by
.............................
P D Blakeman
Director
Rapid Prototyping Systems Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Motor Carsreducing balance 25%
1c. Intangible Assets
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably.
The company capitalises development expenditure as an intangible asset when it is able to demonstrate all of the following: (a) The technical feasibility of completing the development so the intangible asset will be available for use or sale. (b) Its intention to complete the development and to use or sell the intangible asset. (c) Its ability to use or sell the intangible asset. (d) How the intangible asset will generate probable future economic benefits by its use in delivering the Company's services or by licencing to customers. (e) The availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset. (f) Its ability to measure reliably the expenditure attributable to the intangible asset during its development. Capitalised development expenditure is initially recognised at cost and subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Capitalised development expenditure is amortised on a straight line basis over its useful life, which is 5 years. The director considers this useful life to be appropriate because the use of the intangible asset in the business can be reasonably foreseen for at least this time. All research expenditure and development expenditure that does not meet the above conditions is expensed as incurred. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Development costs 20% straight line p.a.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
Rapid Prototyping Systems Limited
2. INTANGIBLE FIXED ASSETS
Development
CostsTotal
££
Cost
At 01/01/20231,035,0781,035,078
Additions193,170193,170
At 31/12/20231,228,2481,228,248
Depreciation
At 01/01/2023462,833462,833
For the year245,650245,650
At 31/12/2023708,483708,483
Net Book Amounts
At 31/12/2023519,765519,765
At 31/12/2022572,245572,245
3. TANGIBLE FIXED ASSETS
Plant and
Machinery Etc.Total
££
Cost
At 01/01/202314,72214,722
At 31/12/202314,72214,722
Depreciation
At 01/01/202312,75812,758
For the year491491
At 31/12/202313,24913,249
Net Book Amounts
At 31/12/20231,4731,473
At 31/12/20221,9641,964
Rapid Prototyping Systems Limited
4. DEBTORS 20232022
££
Amounts falling due within one year:
Trade debtors44,78842,010
Other Tax11,13930,705
Other debtors47,60334,964
103,530107,679
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Trade creditors3,63216,303
Taxation and social security65,61760,259
Other creditors6,23423,260
75,48399,822
6. EMPLOYEES
20232022
No.No.
Average number of employees1012
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation1,3211,321
1,3211,321
Rapid Prototyping Systems Limited
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
81000 Ordinary shares of £0.001 each8181
39000 Class B shares of £0.001 each3939
120120
9. OTHER RESERVES 20232022
££
Capital redemption reserve100100
100100