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REGISTERED NUMBER: 03822888 (England and Wales)















Financial Statements for the Year Ended 31 October 2024

for

Real Time Information Systems Ltd

Real Time Information Systems Ltd (Registered number: 03822888)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Real Time Information Systems Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: J A Schirn
G T Nicholson





SECRETARY: J A Schirn





REGISTERED OFFICE: 4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY





REGISTERED NUMBER: 03822888 (England and Wales)





ACCOUNTANTS: Geoffrey Cole & Co
Chartered Accountants
4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY

Real Time Information Systems Ltd (Registered number: 03822888)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,139 5,815

CURRENT ASSETS
Debtors 5 224,444 189,832
Cash at bank 11,910 10,765
236,354 200,597
CREDITORS
Amounts falling due within one year 6 158,803 160,887
NET CURRENT ASSETS 77,551 39,710
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,690

45,525

CREDITORS
Amounts falling due after more than one
year

7

5,133

10,733
NET ASSETS 74,557 34,792

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 74,457 34,692
SHAREHOLDERS' FUNDS 74,557 34,792

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.

Real Time Information Systems Ltd (Registered number: 03822888)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:





J A Schirn - Director


Real Time Information Systems Ltd (Registered number: 03822888)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Real Time Information Systems Ltd 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.

The financial statements have been prepared on a going concern basis, which assumes the company will continue in operational existence, and will be able to meet its liabilities as they fall due, for a period of at least twelve months from the date of approval of the financial statements.

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 - 33% on reducing balance
Computer equipment - 33% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

Real Time Information Systems Ltd (Registered number: 03822888)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023 2,925 51,230 54,155
Additions - 310 310
At 31 October 2024 2,925 51,540 54,465
DEPRECIATION
At 1 November 2023 2,825 45,515 48,340
Charge for year 31 3,955 3,986
At 31 October 2024 2,856 49,470 52,326
NET BOOK VALUE
At 31 October 2024 69 2,070 2,139
At 31 October 2023 100 5,715 5,815

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 144,069 100,678
Amounts recoverable on contract 64,832 77,720
Prepayments 15,543 11,434
224,444 189,832

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,600 5,600
Trade creditors 1,937 7,935
Tax 30,354 14,955
Social security and other taxes 5,355 5,800
VAT 36,184 26,728
Other creditors 10,809 33,551
Directors' current accounts 33,817 47,271
Accruals and deferred income 34,747 19,047
158,803 160,887

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 5,133 10,733

Real Time Information Systems Ltd (Registered number: 03822888)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 13,247 10,537
Between one and five years 51,332 -
64,579 10,537