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REGISTERED NUMBER: 12445429 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

REAL TIME BUSINESS LIMITED

REAL TIME BUSINESS LIMITED (REGISTERED NUMBER: 12445429)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

REAL TIME BUSINESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: E R D Morgan





REGISTERED OFFICE: 45 Queen Street
Deal
United Kingdom
Kent
CT14 6EY





REGISTERED NUMBER: 12445429 (England and Wales)





ACCOUNTANTS: Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY

REAL TIME BUSINESS LIMITED (REGISTERED NUMBER: 12445429)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,165 114,124

CURRENT ASSETS
Debtors 5 92,238 55,082
Prepayments and accrued income 85,000 -
Cash at bank 12,142 6,396
189,380 61,478
CREDITORS
Amounts falling due within one year 6 180,222 73,730
NET CURRENT ASSETS/(LIABILITIES) 9,158 (12,252 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,323

101,872

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 102,322 101,871
SHAREHOLDERS' FUNDS 102,323 101,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2024 and were signed by:





E R D Morgan - Director


REAL TIME BUSINESS LIMITED (REGISTERED NUMBER: 12445429)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Real Time Business Limited 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 financial statements are presented in round pounds £ 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.

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.
Plant and machinery etc - 33% on cost, 25% on cost, 20% on cost and 10% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
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 6 (2023 - 3 ) .

REAL TIME BUSINESS LIMITED (REGISTERED NUMBER: 12445429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 89,562 919 29,990 1,414 121,885
Additions - - - 608 608
At 29 February 2024 89,562 919 29,990 2,022 122,493
DEPRECIATION
At 1 March 2023 6,210 117 1,241 193 7,761
Charge for year 17,912 230 2,875 550 21,567
At 29 February 2024 24,122 347 4,116 743 29,328
NET BOOK VALUE
At 29 February 2024 65,440 572 25,874 1,279 93,165
At 28 February 2023 83,352 802 28,749 1,221 114,124

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 32,157 4,362
Directors' current accounts 23,606 29,807
VAT 36,475 20,913
92,238 55,082

Other debtors includes amounts owed from companies controlled by the Director:
M&Co Homes Limited: £22,427
M&Co Homes Hawkinge (West) Limited: £6,175

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 99,472 56,988
Tax - 1,995
Social security and other taxes 14,590 1,322
Other creditors 8,489 12,160
Credit cards 57,585 -
Accrued expenses 86 1,265
180,222 73,730

Other creditors includes an amount of £1,500 owed to M&Co Hawkinge (North) Limited, a company controlled by the Director.

REAL TIME BUSINESS LIMITED (REGISTERED NUMBER: 12445429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
E R D Morgan
Balance outstanding at start of year 29,807 (3,277 )
Amounts advanced 30,447 85,084
Amounts repaid (36,648 ) (52,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,606 29,807

The loan to the director was repaid within 9 months of the year end, interest was charged to the director at 2.25% per annum.

REAL TIME BUSINESS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
REAL TIME BUSINESS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on pages one to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY


Date: .............................................