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Company Registration No. 12973662 (England and Wales)
RTC MERCHANTS LIMITED Unaudited accounts for the year ended 31 December 2023
RTC MERCHANTS LIMITED Unaudited accounts Contents
Page
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RTC MERCHANTS LIMITED Company Information for the year ended 31 December 2023
Directors
BEHAN, James COCKRAM, Roger James
Company Number
12973662 (England and Wales)
Registered Office
C/O ADDITION FINANCIAL LIMITED 1 LYRIC SQUARE LONDON W6 0NB UNITED KINGDOM
Accountants
Addition Financial Limited Addition at 1 Lyric Square Hammersmith London W6 0NB
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RTC MERCHANTS LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,377 
14,302 
Tangible assets
18,509 
23,268 
28,886 
37,570 
Current assets
Debtors
11,022 
18,450 
Cash at bank and in hand
2,214 
3,572 
13,236 
22,022 
Creditors: amounts falling due within one year
(10,670)
(15,311)
Net current assets
2,566 
6,711 
Total assets less current liabilities
31,452 
44,281 
Creditors: amounts falling due after more than one year
(330,000)
(244,066)
Net liabilities
(298,548)
(199,785)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(298,648)
(199,885)
Shareholders' funds
(298,548)
(199,785)
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 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 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 of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by
BEHAN, James Director Company Registration No. 12973662
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RTC MERCHANTS LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
RTC MERCHANTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12973662. The registered office is C/O ADDITION FINANCIAL LIMITED, 1 LYRIC SQUARE, LONDON, W6 0NB, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 December 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Computer equipment
5
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
14,302 
Disposals
(3,925)
At 31 December 2023
10,377 
Amortisation
At 1 January 2023
- 
At 31 December 2023
- 
Net book value
At 31 December 2023
10,377 
At 31 December 2022
14,302 
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RTC MERCHANTS LIMITED Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
39,000 
At 31 December 2023
39,000 
Depreciation
At 1 January 2023
15,732 
Charge for the year
4,759 
At 31 December 2023
20,491 
Net book value
At 31 December 2023
18,509 
At 31 December 2022
23,268 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
5,723 
16,511 
Accrued income and prepayments
1,799 
1,939 
Other debtors
3,500 
- 
11,022 
18,450 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
3,235 
15,068 
Loans from directors
7,435 
243 
10,670 
15,311 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
(20,000)
Loans from directors
330,000 
264,066 
330,000 
244,066 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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