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
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
RTC MERCHANTS LIMITED
Statement of financial position
as at 31 December 2023
Intangible assets
10,377
14,302
Tangible assets
18,509
23,268
Cash at bank and in hand
2,214
3,572
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)
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
RTC MERCHANTS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 31 December 2023
10,377
At 31 December 2023
10,377
At 31 December 2022
14,302
RTC MERCHANTS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
5
Tangible fixed assets
Computer equipment
At 31 December 2023
39,000
At 31 December 2023
20,491
At 31 December 2023
18,509
At 31 December 2022
23,268
Amounts falling due within one year
Accrued income and prepayments
1,799
1,939
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
3,235
15,068
Loans from directors
7,435
243
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
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).