IRIS Accounts Production v25.1.4.42 02600847 director 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh026008472023-09-30026008472024-09-30026008472023-10-012024-09-30026008472022-09-30026008472022-10-012023-09-30026008472023-09-3002600847ns15:EnglandWales2023-10-012024-09-3002600847ns14:PoundSterling2023-10-012024-09-3002600847ns10:Director12023-10-012024-09-3002600847ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3002600847ns10:SmallEntities2023-10-012024-09-3002600847ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3002600847ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3002600847ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3002600847ns10:FullAccounts2023-10-012024-09-3002600847ns10:CompanySecretary12023-10-012024-09-3002600847ns10:RegisteredOffice2023-10-012024-09-3002600847ns5:CurrentFinancialInstruments2024-09-3002600847ns5:CurrentFinancialInstruments2023-09-3002600847ns5:ShareCapital2024-09-3002600847ns5:ShareCapital2023-09-3002600847ns5:CapitalRedemptionReserve2024-09-3002600847ns5:CapitalRedemptionReserve2023-09-3002600847ns5:RetainedEarningsAccumulatedLosses2024-09-3002600847ns5:RetainedEarningsAccumulatedLosses2023-09-3002600847ns5:LeaseholdImprovements2023-10-012024-09-3002600847ns5:FurnitureFittings2023-10-012024-09-3002600847ns5:MotorVehicles2023-10-012024-09-3002600847ns5:ComputerEquipment2023-10-012024-09-3002600847ns5:LeaseholdImprovements2023-09-3002600847ns5:FurnitureFittings2023-09-3002600847ns5:MotorVehicles2023-09-3002600847ns5:ComputerEquipment2023-09-3002600847ns5:LeaseholdImprovements2024-09-3002600847ns5:FurnitureFittings2024-09-3002600847ns5:MotorVehicles2024-09-3002600847ns5:ComputerEquipment2024-09-3002600847ns5:LeaseholdImprovements2023-09-3002600847ns5:FurnitureFittings2023-09-3002600847ns5:MotorVehicles2023-09-3002600847ns5:ComputerEquipment2023-09-3002600847ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3002600847ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3002600847ns5:DeferredTaxation2024-09-30
REGISTERED NUMBER: 02600847 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

REAL BUSINESS APPLICATIONS LIMITED

REAL BUSINESS APPLICATIONS LIMITED (REGISTERED NUMBER: 02600847)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REAL BUSINESS APPLICATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mr S J Poore





SECRETARY: Mrs A J Poore





REGISTERED OFFICE: 28 High Street
Ilfracombe
EX34 9DA





REGISTERED NUMBER: 02600847 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL

REAL BUSINESS APPLICATIONS LIMITED (REGISTERED NUMBER: 02600847)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 78,389 52,375
Investments 5 290 290
78,679 52,665

CURRENT ASSETS
Stock 14,154 12,091
Debtors 6 640,367 610,865
Cash at bank 1,067,676 1,323,506
1,722,197 1,946,462
CREDITORS
Amounts falling due within one year 7 (163,009 ) (197,786 )
NET CURRENT ASSETS 1,559,188 1,748,676
TOTAL ASSETS LESS CURRENT LIABILITIES 1,637,867 1,801,341

PROVISIONS FOR LIABILITIES 8 (4,777 ) -
NET ASSETS 1,633,090 1,801,341

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 49 49
Retained earnings 1,632,941 1,801,192
SHAREHOLDERS' FUNDS 1,633,090 1,801,341

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 director acknowledges his 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.

REAL BUSINESS APPLICATIONS LIMITED (REGISTERED NUMBER: 02600847)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 June 2025 and were signed by:





Mr S J Poore - Director


REAL BUSINESS APPLICATIONS LIMITED (REGISTERED NUMBER: 02600847)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Real Business Applications 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 represents net invoiced sales of goods and services, excluding value added tax.

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 - not provided
Fixtures and fittings - 25% on reducing balance
Motor vehicle - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stock are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

REAL BUSINESS APPLICATIONS LIMITED (REGISTERED NUMBER: 02600847)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. TANGIBLE ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicle equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 15,200 19,859 48,603 - 83,662
Additions - - 44,495 2,581 47,076
At 30 September 2024 15,200 19,859 93,098 2,581 130,738
DEPRECIATION
At 1 October 2023 - 19,136 12,151 - 31,287
Charge for year - 181 20,236 645 21,062
At 30 September 2024 - 19,317 32,387 645 52,349
NET BOOK VALUE
At 30 September 2024 15,200 542 60,711 1,936 78,389
At 30 September 2023 15,200 723 36,452 - 52,375

5. FIXED ASSET INVESTMENTS

Fixed asset investments are shown at market value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 195,136 202,936
Other debtors 445,231 407,929
640,367 610,865

REAL BUSINESS APPLICATIONS LIMITED (REGISTERED NUMBER: 02600847)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 18,125 29,455
Taxation and social security 46,934 60,473
Other creditors 97,950 107,858
163,009 197,786

8. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 4,777 -

Deferred
tax
£   
Accelerated capital allowances 4,777
Balance at 30 September 2024 4,777

9. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £406,050 (2023: £405,750) due from Summercombe Limited, a company related by common shareholding.

10. PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of its employees. Amounts charged to the profit and loss account were £329,873 for the year (2023: £33,201). There were no outstanding or prepaid contributions at the balance sheet date.