Registered number: 3146178 | ||||||||
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 | ||||||||
REGISTERED OFFICE | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
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 | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 2 | |||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
344,792 | 298,235 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 198,413 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Capital redemption reserve | 9 | |||||||||
Profit and loss account | 789,006 | 771,081 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
Motor Cars | reducing balance 25% |
1c. Intangible Assets | ||||||||
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 | ||||
Costs | Total | |||
£ | £ | |||
Cost | ||||
At 01/01/2023 | 1,035,078 | 1,035,078 | ||
Additions | 193,170 | 193,170 | ||
At 31/12/2023 | 1,228,248 | 1,228,248 | ||
Depreciation | ||||
At 01/01/2023 | 462,833 | 462,833 | ||
For the year | 245,650 | 245,650 | ||
At 31/12/2023 | 708,483 | 708,483 | ||
Net Book Amounts | ||||
At 31/12/2023 | ||||
At 31/12/2022 | ||||
3. TANGIBLE FIXED ASSETS | ||||
Plant and | ||||
Machinery Etc. | Total | |||
£ | £ | |||
Cost | ||||
At 01/01/2023 | 14,722 | 14,722 | ||
At 31/12/2023 | 14,722 | 14,722 | ||
Depreciation | ||||
At 01/01/2023 | 12,758 | 12,758 | ||
For the year | 491 | 491 | ||
At 31/12/2023 | 13,249 | 13,249 | ||
Net Book Amounts | ||||
At 31/12/2023 | 1,473 | 1,473 | ||
At 31/12/2022 | 1,964 | 1,964 | ||
Rapid Prototyping Systems Limited | ||||||||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Trade debtors | 44,788 | 42,010 | ||||||
Other Tax | 11,139 | 30,705 | ||||||
Other debtors | 47,603 | 34,964 | ||||||
103,530 | 107,679 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Trade creditors | 3,632 | 16,303 | ||||||
Taxation and social security | 65,617 | 60,259 | ||||||
Other creditors | 6,234 | 23,260 | ||||||
75,483 | 99,822 | |||||||
6. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 12 | |||||
7. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 1,321 | 1,321 | ||||||
1,321 | 1,321 | |||||||
Rapid Prototyping Systems Limited | ||||||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
81 | 81 | |||||||
39 | 39 | |||||||
120 | 120 | |||||||
9. OTHER RESERVES | 2023 | 2022 | ||||
£ | £ | |||||
Capital redemption reserve | 100 | 100 | ||||
100 | 100 | |||||