Acorah Software Products - Accounts Production 15.0.600 false true true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 03912255 Mrs Elaine Kersey Mr David Kersey Mrs Elaine Kersey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03912255 2022-09-30 03912255 2023-09-30 03912255 2022-10-01 2023-09-30 03912255 frs-core:Non-currentFinancialInstruments 2023-09-30 03912255 frs-core:FurnitureFittings 2022-10-01 2023-09-30 03912255 frs-core:MotorVehicles 2022-10-01 2023-09-30 03912255 frs-core:PlantMachinery 2022-10-01 2023-09-30 03912255 frs-core:ShareCapital 2023-09-30 03912255 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 03912255 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 03912255 frs-bus:AbridgedAccounts 2022-10-01 2023-09-30 03912255 frs-bus:SmallEntities 2022-10-01 2023-09-30 03912255 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 03912255 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 03912255 frs-bus:Director1 2022-10-01 2023-09-30 03912255 frs-bus:Director1 2022-09-30 03912255 frs-bus:Director1 2023-09-30 03912255 frs-bus:Director2 2022-10-01 2023-09-30 03912255 frs-bus:Director2 2022-09-30 03912255 frs-bus:Director2 2023-09-30 03912255 frs-bus:CompanySecretary1 2022-10-01 2023-09-30 03912255 frs-countries:EnglandWales 2022-10-01 2023-09-30 03912255 2021-09-30 03912255 2022-09-30 03912255 2021-10-01 2022-09-30 03912255 frs-core:Non-currentFinancialInstruments 2022-09-30 03912255 frs-core:ShareCapital 2022-09-30 03912255 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 03912255
R B T L Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 September 2023
Seavor (South Cumbria) Limited
Chartered Accountants
12 The Office, Mardale Road
Penrith
Cumbria
CA11 9EH
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 03912255
2023 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,308 20,647
20,308 20,647
CURRENT ASSETS
Stocks 158,185 161,434
Debtors 83,596 32,405
Cash at bank and in hand - 1,861
241,781 195,700
Creditors: Amounts Falling Due Within One Year (1,262,962 ) (1,248,284 )
NET CURRENT ASSETS (LIABILITIES) (1,021,181 ) (1,052,584 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,000,873 ) (1,031,937 )
Creditors: Amounts Falling Due After More Than One Year (24,127 ) (31,006 )
NET LIABILITIES (1,025,000 ) (1,062,943 )
CAPITAL AND RESERVES
Called up share capital 6 3 3
Profit and Loss Account (1,025,003 ) (1,062,946 )
SHAREHOLDERS' FUNDS (1,025,000) (1,062,943)
Page 1
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For the year ending 30 September 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 September 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr David Kersey
Director
23 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
R B T L Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03912255 . The registered office is 1 Powleys Garth, Langwathby, Penrith, Cumbria, CA10 1NS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. The company has net liabilities at 30 September 2021. The company meets its working capital requirements via normal credit facilities and via facilities provided by the directors and they continue to support the company. The directors consider that it is appropriate to prepare the financial statements as a going concern.
2.3. Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
  • the Company has transferred the significant risks and rewards of ownership to the buyer;
  • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
  • the amount of revenue can be measured reliably;
  • it is probable that the Company will receive the consideration due under the transaction; and
  • the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are providedin accordance with the stage of completion of the contract when all of the following conditions are satisfied:
  • the amount of revenue can be measured reliably;
  • it is probable that the Company will receive the consideration due under the contract;
  • the stage of completion of the contract at the end of the reporting period can be measured reliably;and
  • the costs incurred and the costs to complete the contract can be measured reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. Stocks and Work in Progress
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to
complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and
finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is
reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in
profit or loss.
2.7. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition offinancial assets and liabilities like trade and other debtors and creditors, loans from banks and other thirdparties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans andother accounts receivable and payable, are initially measured at present value of the future cash flows andsubsequently at amortised cost using the effective interest method. Debt instruments that are payable orreceivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, atthe undiscounted amount of the cash or other consideration expected to be paid or received. However, ifthe arrangements of a short-term instrument constitute a financing transaction, like the payment of a tradedebt deferred beyond normal business terms or in case of an out-right short-term loan that is not at marketrate, the financial asset or liability is measured, initially at the present value of future cash flows discounted ata market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifiesas a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
2.8. Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measuredinitially at fair value, net of transaction costs, and are measured subsequently at amortised cost using theeffective interest method, less any impairment.
2.9. Cash and Cash Equivivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty onnotice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no morethan three months from the date of acquisition and that are readily convertible to known amounts of cashwith insignificant risk of change in value.
2.10. Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans,are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised costusing the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 11)
4 11
4. Tangible Assets
Total
£
Cost
As at 1 October 2022 134,473
Additions 4,991
As at 30 September 2023 139,464
Depreciation
As at 1 October 2022 113,826
Provided during the period 5,330
As at 30 September 2023 119,156
Net Book Value
As at 30 September 2023 20,308
As at 1 October 2022 20,647
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5. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
as restated
£ £
Net obligations under finance lease and hire purchase contracts 1,596 7,448
Bank loans and overdrafts 1,171,164 919,708
6. Share Capital
2023 2022
as restated
£ £
Allotted, Called up and fully paid 3 3
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2022 Amounts advanced Amounts repaid Amounts written off As at 30 September 2023
£ £ £ £ £
Mrs Elaine Kersey - 16,645 - - 16,645
Mr David Kersey - 16,646 - - 16,646
The above loan is unsecured, charged interest at 2.25% and repayable on demand.
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