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REGISTERED NUMBER: 06674645 (England and Wales)



















RP SUPPORT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






RP SUPPORT LIMITED (REGISTERED NUMBER: 06674645)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


RP SUPPORT LIMITED (REGISTERED NUMBER: 06674645)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 362,010 212,941

CURRENT ASSETS
Stocks 5 5,252,948 6,352,475
Debtors 6 7,484,909 4,801,089
Cash at bank 3,057,873 606,510
15,795,730 11,760,074
CREDITORS
Amounts falling due within one year 7 15,098,979 5,175,086
NET CURRENT ASSETS 696,751 6,584,988
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,058,761

6,797,929

PROVISIONS FOR LIABILITIES 9 49,657 49,657
NET ASSETS 1,009,104 6,748,272

CAPITAL AND RESERVES
Called up share capital 10 40 40
Capital redemption reserve 11 20 20
Retained earnings 11 1,009,044 6,748,212
SHAREHOLDERS' FUNDS 1,009,104 6,748,272

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 27 January 2025 and were signed on its behalf by:





Mr A Langfeld - Director


RP SUPPORT LIMITED (REGISTERED NUMBER: 06674645)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Rp Support Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06674645

Registered office: Suite 1, 7th Floor 50 Broadway
London
United Kingdom
SW1H 0BL

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.

Going concern
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

Preparation of consolidated financial statements
The financial statements contain information about Rp Support 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances..

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - over the term of the lease
Plant and machinery - Straight line over 5 years
Fixtures and fittings - 25% on cost

Stocks and work in progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.


RP SUPPORT LIMITED (REGISTERED NUMBER: 06674645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are
recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Foreign currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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.

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2022 - 32 ) .

RP SUPPORT LIMITED (REGISTERED NUMBER: 06674645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2023 21,887 317,708 39,843 379,438
Additions - 176,924 65,469 242,393
At 31 December 2023 21,887 494,632 105,312 621,831
DEPRECIATION
At 1 January 2023 15,351 120,895 30,251 166,497
Charge for year 6,536 77,315 9,473 93,324
At 31 December 2023 21,887 198,210 39,724 259,821
NET BOOK VALUE
At 31 December 2023 - 296,422 65,588 362,010
At 31 December 2022 6,536 196,813 9,592 212,941

5. STOCKS
2023 2022
£    £   
Stocks 5,252,948 6,056,056
Work-in-progress - 296,419
5,252,948 6,352,475

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 560,549 610,262
Amounts due from group
undertakings 6,887,651 3,584,718
Other debtors 36,709 606,109
7,484,909 4,801,089

Amounts due from group undertakings are interest free and repayable on demand

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,051,204 1,772,605
Social security and other taxes 534,044 100,886
Other creditors 1,046,628 1,268,613
Amounts owed to group
undertakings 12,467,103 2,032,982
15,098,979 5,175,086

Amounts owed to group undertakings are interest free and repayable on demand

RP SUPPORT LIMITED (REGISTERED NUMBER: 06674645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 103,800 37,925
Between one and five years 360,000 360,000
In more than five years 33,750 213,750
497,550 611,675

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 49,657 49,657

Deferred
tax
£   
Balance at 1 January 2023 49,657
Balance at 31 December 2023 49,657

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
40 Ordinary 1 40 40

11. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2023 6,748,212 20 6,748,232
Deficit for the year (5,739,168 ) (5,739,168 )
At 31 December 2023 1,009,044 20 1,009,064

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Domenico Maurello (Senior Statutory Auditor)
for and on behalf of Jones Hunt & Keelings, Statutory Auditor

13. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

RP SUPPORT LIMITED (REGISTERED NUMBER: 06674645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

14. ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is Stratasys Solutions Limited. Stratasys Solutions Limited was incorporated in England and Wales.

The ultimate parent undertaking is Stratasys Limited (incorporated in Israel), a company traded on NASDAQ. Copies of Stratasys Limited consolidated financial statements can be obtained from their website, www.stratasys.com. In the opinion of the Directors there is no ultimate controlling party. Page