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Registered number: 11028027
RT Services (London) Limited
Director's Report and
Financial Statements
For The Year Ended 31 October 2024
M. C. Rabey Esq.
Endeavour House 3rd Floor
Coopers End Road
Stansted
Essex
CM24 1SJ
Contents
Page
Company Information 1
Director's Report 2
Profit and Loss Account 3
Balance Sheet 4
Notes to the Financial Statements 5—6
Page 1
Company Information
Director Mr Richard Atkins
Company Number 11028027
Registered Office RT Services (London) Limited
19 Dorset Avenue
Welling
Kent
DA16 2PX
Accountants M. C. Rabey Esq.
Endeavour House 3rd Floor
Coopers End Road
Stansted
Essex
CM24 1SJ
Page 1
Page 2
Director's Report
The director presents his report and the financial statements for the year ended 31 October 2024.
Principal Activity
The company's principal activity continues to be that of general building.
Directors
The director who held office during the year were as follows:
Mr Richard Atkins
Statement of Director's Responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Richard Atkins
Director
07/07/2025
Page 2
Page 3
Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 1,693,690 906,085
Cost of sales (1,508,454 ) (769,881 )
GROSS PROFIT 185,236 136,204
Administrative expenses (157,521 ) (116,742 )
OPERATING PROFIT AND PROFIT BEFORE TAXATION 27,715 19,462
Tax on Profit (7,039 ) (6,045 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 20,676 13,417
The notes on pages 5 to 6 form part of these financial statements.
Page 3
Page 4
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 35,371 47,294
35,371 47,294
CURRENT ASSETS
Debtors 5 175,115 172,474
Cash at bank and in hand 119,667 53,147
294,782 225,621
Creditors: Amounts Falling Due Within One Year 6 (153,881 ) (58,504 )
NET CURRENT ASSETS (LIABILITIES) 140,901 167,117
TOTAL ASSETS LESS CURRENT LIABILITIES 176,272 214,411
Creditors: Amounts Falling Due After More Than One Year 7 (34,199 ) (80,514 )
NET ASSETS 142,073 133,897
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 141,973 133,797
SHAREHOLDERS' FUNDS 142,073 133,897
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr Richard Atkins
Director
07/07/2025
The notes on pages 5 to 6 form part of these financial statements.
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Page 5
Notes to the Financial Statements
1. General Information
RT Services (London) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11028027 . The registered office is RT Services (London) Limited, 19 Dorset Avenue, Welling, Kent, DA16 2PX.
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.
2.2. 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.
2.3. 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:
Plant & Machinery 25% WDV
Motor Vehicles 25% WDV
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2023 11,353 123,762 135,115
As at 31 October 2024 11,353 123,762 135,115
Depreciation
As at 1 November 2023 8,686 79,135 87,821
Provided during the period 667 11,256 11,923
As at 31 October 2024 9,353 90,391 99,744
Net Book Value
As at 31 October 2024 2,000 33,371 35,371
As at 1 November 2023 2,667 44,627 47,294
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 172,246 142,701
Prepayments and accrued income 2,869 5,125
Other debtors - 24,648
175,115 172,474
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 39,616 10,376
Corporation tax 6,980 6,020
Other taxes and social security 49,127 -
Director's loan account 58,158 42,108
153,881 58,504
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 34,199 80,514
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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