Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-282024-02-28falseNo description of principal activity1false1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-03-01truefalse 09415852 2023-03-01 2024-02-28 09415852 2022-03-01 2023-02-28 09415852 2024-02-28 09415852 2023-02-28 09415852 c:Director1 2023-03-01 2024-02-28 09415852 d:CurrentFinancialInstruments 2024-02-28 09415852 d:CurrentFinancialInstruments 2023-02-28 09415852 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-28 09415852 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 09415852 d:ShareCapital 2024-02-28 09415852 d:ShareCapital 2023-02-28 09415852 d:RetainedEarningsAccumulatedLosses 2024-02-28 09415852 d:RetainedEarningsAccumulatedLosses 2023-02-28 09415852 c:FRS102 2023-03-01 2024-02-28 09415852 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 09415852 c:FullAccounts 2023-03-01 2024-02-28 09415852 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 09415852 2 2023-03-01 2024-02-28 09415852 e:PoundSterling 2023-03-01 2024-02-28 iso4217:GBP xbrli:pure

Registered number: 09415852









RTW DIRECT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024

 
RTW DIRECT LIMITED
REGISTERED NUMBER: 09415852

BALANCE SHEET
AS AT 28 FEBRUARY 2024

2024
2024
2023
2023
Note
£
£
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
2,171,573
1,211,245

Cash at bank and in hand
  
57,017
57,438

  
2,228,590
1,268,683

Creditors: amounts falling due within one year
 5 
(2,017,539)
(1,063,377)

Net current assets
  
 
 
211,051
 
 
205,306

Total assets less current liabilities
  
211,051
205,306

  

Net assets
  
211,051
205,306


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
211,048
205,303

  
211,051
205,306


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 November 2024.




Mr C Fisher
Director

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 
RTW DIRECT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1.


General information

RTW Direct Limited ("the Company") is a private company limited by shares and is incorporated in England and Wales. The address of its registered office is Hangar 1 RAF Upwood, Ramsey, Huntingdon, Cambridgeshire, England, PE26 2RA. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

Page 2

 
RTW DIRECT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.7

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 cost using the effective interest method.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of inancial assets and liabilities like trade and other debtors and creditors, loans from banks and other hird parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

  
2.9

Creditors

Short term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).



4.


Debtors

2024
2023
£
£


Other debtors
2,171,573
1,211,245


Page 3

 
RTW DIRECT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
1,209
6,491

Other taxation and social security
8,132
14,522

Other creditors
1,314,158
412,844

Accruals and deferred income
694,040
629,520

2,017,539
1,063,377


 
Page 4