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REGISTERED NUMBER: 09338216












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

RTS CONSTRUCTION GROUP LIMITED

RTS CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 09338216)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RTS CONSTRUCTION GROUP LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: S L Galer-Rose
D L Rose





REGISTERED OFFICE: 13 St. Johns Business Park
Lutterworth
LE17 4HB





REGISTERED NUMBER: 09338216





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

RTS CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 09338216)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 549,190 549,190
Investments 5 280 280
549,470 549,470

CURRENT ASSETS
Debtors 6 565 565
Cash at bank and in hand 1,043 4,043
1,608 4,608
CREDITORS
Amounts falling due within one year 7 (430,680 ) (430,436 )
NET CURRENT LIABILITIES (429,072 ) (425,828 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,398

123,642

CAPITAL AND RESERVES
Called up share capital 380 380
Retained earnings 120,018 123,262
SHAREHOLDERS' FUNDS 120,398 123,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 29 January 2025 and were signed on its behalf by:





D L Rose - Director


RTS CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 09338216)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024


1. STATUTORY INFORMATION

RTS Construction Group Limited is a limited company, registered in England and Wales. Its registered office address is 13 St.Johns Business park, Lutterworth, England, LE17 4HB and the registered number is 09338216.

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 presentation currency of the financial statements is pound sterling (£) and figures are rounded to the nearest £1.

Going concern
At 30 April 2024 the company had net current liabilities of £429,072 (2023: £425,828) and net assets of £120,398 (2023: £123,642). The directors have considered this and has prepared the financial statements on a going concern basis. The directors are confident that the company will be able to meet its liabilities as they fall due for at least 12 months from the date of signing these accounts and confirms that support will be available if required.

Preparation of consolidated financial statements
The financial statements contain information about RTS Construction Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets
Tangible fixed assets which represents freehold land and property is stated at cost. No provision for depreciation is made on freehold land and buildings. The policy of not providing for depreciation on freehold buildings is a departure from the requirement of the Companies Act 2006 concerning the depreciation of fixed assets. It is in the opinion of the directors that the useful economic life of these assets are of such a length and the residual values are such that they are not materially different from the carrying value and any depreciation would not be material.

Any movement in the fair value of the freehold land and property is reflected within other comprehensive income and held within the Revaluation Reserve in the year, offset against any associated deferred tax liability.

Investments in subsidiaries
Investment in the subsidiary company is held at cost less accumulated impairment losses.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


RTS CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 09338216)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Income from shares in group undertakings
Income from shares in group undertakings represents dividends receivable. Ordinary dividends are recognised when they are declared by the group company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold
land &
buildings
£   
COST
At 1 May 2023
and 30 April 2024 549,190
NET BOOK VALUE
At 30 April 2024 549,190
At 30 April 2023 549,190

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 280
NET BOOK VALUE
At 30 April 2024 280
At 30 April 2023 280

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 565 565

RTS CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 09338216)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 428,136 428,386
Other creditors 2,544 2,050
430,680 430,436

The Company has provided a guarantee over the overdraft and credit card facilities of a subsidiary, RTS Contracts Limited. This guarantee is limited to £200,000.

8. RELATED PARTY DISCLOSURES

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.