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REGISTERED NUMBER: 04136318 (England and Wales)











R L T (DESIGN) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






R L T (DESIGN) LIMITED (REGISTERED NUMBER: 04136318)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


R L T (DESIGN) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs B D Tagg
Mr A M Tagg
Mr D R Tagg



SECRETARY: Mrs B D Tagg



REGISTERED OFFICE: Grange Cottage
57 The Village
Strensall
York
North Yorkshire
YO32 5XA



REGISTERED NUMBER: 04136318 (England and Wales)



ACCOUNTANTS: UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW



BANKERS: HSBC
13 Parliament Street
York
YO1 8XS

R L T (DESIGN) LIMITED (REGISTERED NUMBER: 04136318)

ABRIDGED BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 163,078 169,262
163,078 169,262

CURRENT ASSETS
Stocks 57,500 57,500
Debtors 6 28,820 128,520
Cash at bank and in hand 10,259 3,014
96,579 189,034
CREDITORS
Amounts falling due within one year 202,830 193,965
NET CURRENT LIABILITIES (106,251 ) (4,931 )
TOTAL ASSETS LESS CURRENT LIABILITIES 56,827 164,331

CREDITORS
Amounts falling due after more than one
year

214,811

224,950
NET LIABILITIES (157,984 ) (60,619 )

CAPITAL AND RESERVES
Called up share capital 60 60
Share premium 189,980 189,980
Incorporation reserve 38,391 38,391
Retained earnings (386,415 ) (289,050 )
SHAREHOLDERS' FUNDS (157,984 ) (60,619 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

R L T (DESIGN) LIMITED (REGISTERED NUMBER: 04136318)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:





Mr A M Tagg - Director


R L T (DESIGN) LIMITED (REGISTERED NUMBER: 04136318)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

R L T (Design) 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.

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.

The company depends on support from the directors to meet its day to day working capital requirements. This support is expected to continue for the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustment that would result from a withdrawal of financial support.

Turnover
Turnover represents amounts receivable for goods and services, where the right to revenue exists, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, has been fully amortised over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% straight line
Fixtures and fittings - 20% straight line
Motor vehicles - 25% straight line

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving stock.

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 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.


R L T (DESIGN) LIMITED (REGISTERED NUMBER: 04136318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued
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.

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 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 15,000
AMORTISATION
At 1 February 2023
and 31 January 2024 15,000
NET BOOK VALUE

At 31 January 2024 -
At 31 January 2023 -

R L T (DESIGN) LIMITED (REGISTERED NUMBER: 04136318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 400,087
DEPRECIATION
At 1 February 2023 230,825
Charge for year 6,184
At 31 January 2024 237,009
NET BOOK VALUE
At 31 January 2024 163,078
At 31 January 2023 169,262

Included in cost of land and buildings is freehold land of £ 100,000 (2023 - £ 100,000 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other debtors - 79,554

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 3,738 2,391
Bank loans 24,950 34,840
28,688 37,231

The bank overdraft is secured by way of a fixed and floating charge over the assets of the company.

The bank loan is provided through the Bounce Back Loan Scheme. Under the terms of the Scheme, the Secretary of State for Business, Energy and Industrial Strategy has agreed to provide the company's lenders with a Partial Guarantee. The lender's ability to provide this loan is dependent upon the lenders receiving the Partial Guarantee.

8. RELATED PARTY DISCLOSURES

Within creditors is an amount of £330,072 (2023: £330,617) due to the directors including £200,000 (2023: £200,000) due after one year. This represents an interest free loan to the company.
The directors loan balance due within one year is repayable on demand.