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REGISTERED NUMBER: 06956334 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

RTP SOLUTIONS (UK) LTD

RTP SOLUTIONS (UK) LTD (REGISTERED NUMBER: 06956334)

Contents of the Financial Statements
for the year ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RTP SOLUTIONS (UK) LTD

Company Information
for the year ended 31 July 2024







Directors: D G Davies
T E S Long
B O Boyce





Registered office: 1 Princeton Court
53-55 Felsham Road
London
SW15 1AZ





Registered number: 06956334 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

RTP SOLUTIONS (UK) LTD (REGISTERED NUMBER: 06956334)

Balance Sheet
31 July 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 123,154 141,307

Current assets
Stocks 35,932 10,025
Debtors 5 1,076,243 891,544
Cash at bank 126,016 265,056
1,238,191 1,166,625
Creditors
Amounts falling due within one year 6 716,355 616,945
Net current assets 521,836 549,680
Total assets less current liabilities 644,990 690,987

Creditors
Amounts falling due after more than one
year

7

14,475

87,177
Net assets 630,515 603,810

Capital and reserves
Called up share capital 9 100 100
Retained earnings 630,415 603,710
Shareholders' funds 630,515 603,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





B O Boyce - Director


RTP SOLUTIONS (UK) LTD (REGISTERED NUMBER: 06956334)

Notes to the Financial Statements
for the year ended 31 July 2024


1. Statutory information

RTP Solutions (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on cost
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

RTP SOLUTIONS (UK) LTD (REGISTERED NUMBER: 06956334)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 10 (2023 - 9 ) .

RTP SOLUTIONS (UK) LTD (REGISTERED NUMBER: 06956334)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


4. Tangible fixed assets
Improvements Plant and Motor
to property machinery vehicles Totals
£ £ £ £
Cost
At 1 August 2023 2,191 31,907 138,888 172,986
Additions - 372 22,957 23,329
At 31 July 2024 2,191 32,279 161,845 196,315
Depreciation
At 1 August 2023 161 18,329 13,189 31,679
Charge for year 438 4,409 36,635 41,482
At 31 July 2024 599 22,738 49,824 73,161
Net book value
At 31 July 2024 1,592 9,541 112,021 123,154
At 31 July 2023 2,030 13,578 125,699 141,307

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
Cost
At 1 August 2023
and 31 July 2024 111,138
Depreciation
At 1 August 2023 10,877
Charge for year 27,785
At 31 July 2024 38,662
Net book value
At 31 July 2024 72,476
At 31 July 2023 100,261

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 311,263 209,794
Amounts owed by group undertakings 704,992 630,492
Amounts owed by participating interests 4,034 4,034
Other debtors 55,954 47,224
1,076,243 891,544

RTP SOLUTIONS (UK) LTD (REGISTERED NUMBER: 06956334)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 46,875 56,250
Hire purchase contracts 18,589 24,147
Trade creditors 115,634 144,014
Amounts owed to group undertakings - 33,545
Taxation and social security 349,364 279,882
Other creditors 185,893 79,107
716,355 616,945

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans - 46,875
Hire purchase contracts 14,475 40,302
14,475 87,177

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 46,875 103,125
Hire purchase contracts 33,064 64,449
79,939 167,574

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

10. Related party disclosures

During the year the company traded with related parties. The company was apportioned £Nil (2023: £249,464) of recharged costs and paid a management fee totalling £Nil (2023: £80,000).

At the balance sheet date the company owed the directors £1,079 (2023: £1,934). This amount is unsecured, interest free and repayable on demand.

11. Parent company

The ultimate parent undertaking is RTP Solutions Holdings Limited, a company registered in England.