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REGISTERED NUMBER: 07350454 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

R.T.A. Associates Limited

R.T.A. Associates Limited (Registered number: 07350454)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


R.T.A. Associates Limited

COMPANY INFORMATION
for the year ended 30 September 2024







Directors: P D Lowe
Mrs A M Lowe





Registered office: Groesynyd House
1 Cwrt Y Groes
Tyn Y Groes
Conwy
LL32 8TZ





Registered number: 07350454 (England and Wales)





Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY

R.T.A. Associates Limited (Registered number: 07350454)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 3,158 948
3,158 948

Current assets
Stocks 9,125 -
Debtors 6 158,566 203,910
Cash at bank 74,449 25,157
242,140 229,067
Creditors
Amounts falling due within one year 7 63,700 48,638
Net current assets 178,440 180,429
Total assets less current liabilities 181,598 181,377

Capital and reserves
Called up share capital 8 100 100
Retained earnings 181,498 181,277
Shareholders' funds 181,598 181,377

R.T.A. Associates Limited (Registered number: 07350454)

BALANCE SHEET - continued
30 September 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





Mrs A M Lowe - Director


R.T.A. Associates Limited (Registered number: 07350454)

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

1. STATUTORY INFORMATION

R.T.A. Associates 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.

Turnover
Turnover is measured at the fair value of the consideration receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by the 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.

Goodwill
Goodwill, being the amount paid in connection with the acquistion of the business in 2007 has been amortised in full.

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:

Computer equipment - 33% straight line

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.T.A. Associates Limited (Registered number: 07350454)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 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.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

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

R.T.A. Associates Limited (Registered number: 07350454)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 October 2023
and 30 September 2024 85,000
Amortisation
At 1 October 2023
and 30 September 2024 85,000
Net book value
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 October 2023 1,915
Additions 3,511
At 30 September 2024 5,426
Depreciation
At 1 October 2023 967
Charge for year 1,301
At 30 September 2024 2,268
Net book value
At 30 September 2024 3,158
At 30 September 2023 948

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 74,411 92,221
Other debtors 84,155 111,689
158,566 203,910

R.T.A. Associates Limited (Registered number: 07350454)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,147 10,928
Taxation and social security 28,124 27,442
Other creditors 31,429 10,268
63,700 48,638

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed the following amounts from related parties:

P Lowe Director and shareholder £ 9,674
Mrs A Lowe Director and shareholder £ 9,679

The maximum amount overdrawn was £20,663 (P Lowe) and £21,631 (Mrs A Lowe). Interest at 2.25% has been charged on overdrawn amounts at a total of £423.00.

10. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors.