Acorah Software Products - Accounts Production 16.1.200 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10875087 Mr Peter Alcock Mr Tyrone Egan Mr Rupert Robertson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10875087 2023-05-31 10875087 2024-05-31 10875087 2023-06-01 2024-05-31 10875087 frs-core:CurrentFinancialInstruments 2024-05-31 10875087 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-05-31 10875087 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-06-01 2024-05-31 10875087 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-05-31 10875087 frs-core:ShareCapital 2024-05-31 10875087 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10875087 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10875087 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10875087 frs-bus:SmallEntities 2023-06-01 2024-05-31 10875087 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10875087 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10875087 frs-bus:Director1 2023-06-01 2024-05-31 10875087 frs-bus:Director2 2023-06-01 2024-05-31 10875087 frs-bus:Director3 2023-06-01 2024-05-31 10875087 frs-countries:EnglandWales 2023-06-01 2024-05-31 10875087 2022-05-31 10875087 2023-05-31 10875087 2022-06-01 2023-05-31 10875087 frs-core:CurrentFinancialInstruments 2023-05-31 10875087 frs-core:ShareCapital 2023-05-31 10875087 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10875087
RTP Inventions Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Andrew Lillingston Limited
13 Hurlingham Studios
Ranelagh Gardens
London
SW6 3PA
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10875087
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 5 3,912 3,006
Cash at bank and in hand 25,082 26,068
28,994 29,074
Creditors: Amounts Falling Due Within One Year 6 (17,372 ) (17,804 )
NET CURRENT ASSETS (LIABILITIES) 11,622 11,270
TOTAL ASSETS LESS CURRENT LIABILITIES 11,622 11,270
NET ASSETS 11,622 11,270
CAPITAL AND RESERVES
Called up share capital 7 3 3
Profit and Loss Account 11,619 11,267
SHAREHOLDERS' FUNDS 11,622 11,270
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Peter Alcock
Director
Mr Tyrone Egan
Director
Mr Rupert Robertson
Director
27/02/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
RTP Inventions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10875087 . The registered office is 21 Barons Court Road, London, W14 9DY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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. 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.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
The Intellectual Property asset is a patent. They are amortised to the profit and loss account over their estimated economic life of 5 years.
2.4. 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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
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 year 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 3 3
3 3
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 June 2023 6,981
As at 31 May 2024 6,981
Amortisation
As at 1 June 2023 6,981
As at 31 May 2024 6,981
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 -
5. Stocks
2024 2023
£ £
Materials 3,912 3,006
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 233 45
Corporation tax 83 374
VAT 242 872
Other creditors 634 634
Accruals and deferred income 3,679 3,757
Directors' loan accounts 12,501 12,122
17,372 17,804
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
Page 3