REGISTERED NUMBER: 10440752 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

REAL TECHNICAL SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J L Parker

A A Parker

REGISTERED OFFICE:

The Atrium Business Centre

Curtis Road

Dorking

Surrey

RH4 1XA

REGISTERED NUMBER:

10440752 (England and Wales)

ACCOUNTANTS:

Ellis Atkins

Chartered Accountants

Constable Court

62 Dene Street

Dorking

Surrey

RH4 2DP

FIXED ASSETS

Tangible assets

4

10,930

6,955

Investments

5

141,083

140,285

152,013

147,240

CURRENT ASSETS

Debtors

6

542,995

860,317

Cash at bank

11,784

3,063

554,779

863,380

CREDITORS

Amounts falling due within one year

7

382,091

593,585

NET CURRENT ASSETS

172,688

269,795

TOTAL ASSETS LESS CURRENT LIABILITIES

324,701

417,035

CREDITORS

Amounts falling due after more than one year

8

69,607

18,334

NET ASSETS

255,094

398,701

CAPITAL AND RESERVES

Called up share capital

10

150

150

Retained earnings

254,944

398,551

SHAREHOLDERS' FUNDS

255,094

398,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:

A A Parker - Director

1.	STATUTORY INFORMATION

Real Technical Solutions 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.

Critical accounting judgements and key sources of estimation uncertainty

In preparing the financial statements in compliance with FRS102, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

Straight line over 3 and 5 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Investments

Fixed assets investments are shown at historical cost less any adjustment for permanent diminution in value. Where the change in value is material, the historical cost is updated to the market value with the aggregate surplus or deficit being included in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 November 2023

9,552

9,097

18,649

Additions

7,003

-

7,003

At 31 October 2024

16,555

9,097

25,652

DEPRECIATION

At 1 November 2023

5,368

6,326

11,694

Charge for year

1,041

1,987

3,028

At 31 October 2024

6,409

8,313

14,722

NET BOOK VALUE

At 31 October 2024

10,146

784

10,930

At 31 October 2023

4,184

2,771

6,955

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31/10/24

31/10/23

£

£

Other investments

141,083

140,285

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/24

31/10/23

£

£

Trade debtors

270,633

539,722

Other debtors

272,362

320,595

542,995

860,317

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/24

31/10/23

£

£

Bank loans and overdrafts

243,916

344,569

Trade creditors

19,392

55,783

Taxation and social security

72,340

106,021

Other creditors

46,443

87,212

382,091

593,585

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/10/24

31/10/23

£

£

Bank loans

69,607

18,334

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/10/24

31/10/23

£

£

Within one year

5,798

11,127

Between one and five years

-

5,798

5,798

16,925

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/10/24

31/10/23

value:

£

£

75

Ordinary

£1

75

75

75

Ordinary "A"

£1

75

75

150

150

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

31/10/24

31/10/23

£

£

A A Parker and Mrs J L Parker

Balance outstanding at start of year

(159,333

)

(159,333

)

Amounts advanced

100,683

91,867

Amounts repaid

(100,683

)

(91,867

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(159,333

)

(159,333

)

12.	ULTIMATE CONTROLLING PARTY

The company was under the control of Mrs J L Parker and Mr A A Parker throughout the current year by virtue of their equal shareholding in the company.