Acorah Software Products - Accounts Production 16.1.300 false true true 31 December 2023 1 January 2023 false 6 March 2025 1 January 2024 31 December 2024 31 December 2024 06460497 R C Peters Rheinmetall Ag Rheinmetall Platz 1, 40476dusseldorf, Germany true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06460497 2023-12-31 06460497 2024-12-31 06460497 2024-01-01 2024-12-31 06460497 frs-core:CurrentFinancialInstruments 2024-12-31 06460497 frs-core:FurnitureFittings 2024-12-31 06460497 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06460497 frs-core:FurnitureFittings 2023-12-31 06460497 frs-core:NetGoodwill 2024-12-31 06460497 frs-core:NetGoodwill 2024-01-01 2024-12-31 06460497 frs-core:NetGoodwill 2023-12-31 06460497 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 06460497 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 06460497 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 06460497 frs-core:PlantMachinery 2024-12-31 06460497 frs-core:PlantMachinery 2024-01-01 2024-12-31 06460497 frs-core:PlantMachinery 2023-12-31 06460497 frs-core:ShareCapital 2024-12-31 06460497 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06460497 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06460497 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06460497 frs-bus:SmallEntities 2024-01-01 2024-12-31 06460497 frs-bus:Audited 2024-01-01 2024-12-31 06460497 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06460497 1 2024-01-01 2024-12-31 06460497 frs-bus:Director1 2024-01-01 2024-12-31 06460497 frs-countries:EnglandWales 2024-01-01 2024-12-31 06460497 2022-12-31 06460497 2023-12-31 06460497 2023-01-01 2023-12-31 06460497 frs-core:CurrentFinancialInstruments 2023-12-31 06460497 frs-core:ShareCapital 2023-12-31 06460497 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06460497
RTP-UK Ltd
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 06460497
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 18,829 14,754
18,829 14,754
CURRENT ASSETS
Stocks 6 600 28,985
Debtors 7 9,611,670 8,046,661
Cash at bank and in hand - 228,241
9,612,270 8,303,887
Creditors: Amounts Falling Due Within One Year 8 (1,055,742 ) (425,789 )
NET CURRENT ASSETS (LIABILITIES) 8,556,528 7,878,098
TOTAL ASSETS LESS CURRENT LIABILITIES 8,575,357 7,892,852
PROVISIONS FOR LIABILITIES
Provisions For Charges (242,005 ) -
Deferred Taxation (2,170 ) -
NET ASSETS 8,331,182 7,892,852
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 8,331,082 7,892,752
SHAREHOLDERS' FUNDS 8,331,182 7,892,852
Page 1
Page 2
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
R C Peters
Director
6 March 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
RTP-UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06460497 . The registered office is 2630 Aztec West, Almondsbury, Bristol, BS32 4GQ.
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.
The financial statements are presented in sterling and rounded to the nearest £1.
2.2. Going Concern Disclosure
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.
2.3. 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.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20% straight line
Plant & Machinery 20% straight line
Fixtures & Fittings 33% straight line
2.6. 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.
Page 3
Page 4
2.7. 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.
2.8. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
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.
Page 4
Page 5
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 16)
16 16
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 39,000
As at 31 December 2024 39,000
Amortisation
As at 1 January 2024 39,000
As at 31 December 2024 39,000
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 115,941 173,661 32,643 322,245
Additions - 14,813 - 14,813
As at 31 December 2024 115,941 188,474 32,643 337,058
Depreciation
As at 1 January 2024 115,941 158,907 32,643 307,491
Provided during the period - 10,738 - 10,738
As at 31 December 2024 115,941 169,645 32,643 318,229
Net Book Value
As at 31 December 2024 - 18,829 - 18,829
As at 1 January 2024 - 14,754 - 14,754
6. Stocks
2024 2023
£ £
Stock 600 28,985
Page 5
Page 6
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 648,715 648,790
Amounts owed by participating interests 8,912,444 7,161,680
Other debtors 50,511 235,658
9,611,670 8,046,128
Due after more than one year
Other debtors - 533
9,611,670 8,046,661
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 130,568 129,035
Amounts owed to group undertakings 92 17,258
Other creditors 623,532 175,667
Taxation and social security 301,550 103,829
1,055,742 425,789
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to assist with the preparation of the financial statements.
11. Ultimate Parent Undertaking and Controlling Party
The company's immediate parent undertaking is Rheinmetall Technical Publications GMBH , and the ultimate parent undertaking and controlling party is Rheinmetall Ag.  Both companies are incorporated in Germany. Copies of the group accounts may be obtained from the secretary, Rheinmetall Platz 1, 40476dusseldorf, Germany .
Page 6
Page 7
12. Audit Information
The auditor's report on the accounts of RTP-UK Ltd for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by David Alan Oakensen, FCA (Senior Statutory Auditor) for and on behalf of Oakensen (Bristol) Limited , Statutory Auditor.
Oakensen (Bristol) Limited
Westbury Court
Church Road
Westbury-on-Trym
Bristol
BS9 3EF
Page 7