Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 04716155 Mr Nicholas Hurry Mrs Julie Hurry Mrs Lindsey Earle Mrs Julie Hurry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04716155 2024-03-31 04716155 2025-03-31 04716155 2024-04-01 2025-03-31 04716155 frs-core:CurrentFinancialInstruments 2025-03-31 04716155 frs-core:MotorVehicles 2025-03-31 04716155 frs-core:MotorVehicles 2024-04-01 2025-03-31 04716155 frs-core:MotorVehicles 2024-03-31 04716155 frs-core:PlantMachinery 2025-03-31 04716155 frs-core:PlantMachinery 2024-04-01 2025-03-31 04716155 frs-core:PlantMachinery 2024-03-31 04716155 frs-core:ShareCapital 2025-03-31 04716155 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04716155 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04716155 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04716155 frs-bus:SmallEntities 2024-04-01 2025-03-31 04716155 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04716155 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04716155 frs-bus:Director1 2024-04-01 2025-03-31 04716155 frs-bus:Director1 2024-03-31 04716155 frs-bus:Director1 2025-03-31 04716155 frs-bus:Director2 2024-04-01 2025-03-31 04716155 frs-bus:Director2 2024-03-31 04716155 frs-bus:Director2 2025-03-31 04716155 frs-bus:Director3 2024-04-01 2025-03-31 04716155 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 04716155 frs-countries:EnglandWales 2024-04-01 2025-03-31 04716155 2023-03-31 04716155 2024-03-31 04716155 2023-04-01 2024-03-31 04716155 frs-core:CurrentFinancialInstruments 2024-03-31 04716155 frs-core:ShareCapital 2024-03-31 04716155 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04716155 frs-core:CurrentFinancialInstruments 2 2024-03-31
Registered number: 04716155
RTL (Europe) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Tom Geraghty & Associates
Chartered Accountants and Business Advisors
38 North Gate
Newark
NG24 1EZ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 04716155
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 34,602 35,701
34,602 35,701
CURRENT ASSETS
Stocks 5 120,273 96,188
Debtors 6 166,914 275,006
Cash at bank and in hand 357,657 256,779
644,844 627,973
Creditors: Amounts Falling Due Within One Year 7 (157,346 ) (126,731 )
NET CURRENT ASSETS (LIABILITIES) 487,498 501,242
TOTAL ASSETS LESS CURRENT LIABILITIES 522,100 536,943
NET ASSETS 522,100 536,943
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 522,000 536,843
SHAREHOLDERS' FUNDS 522,100 536,943
For the year ending 31 March 2025 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nicholas Hurry
Director
19/08/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
RTL (Europe) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04716155 . The registered office is 38 North Gate, F.A.O. Tga, Newark, NG24 1EZ.
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% Straight Line
Motor Vehicles 33% Straight Line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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.
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Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 6)
5 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 110,865 36,015 146,880
Additions 3,018 19,166 22,184
Disposals (94,607 ) (19,195 ) (113,802 )
As at 31 March 2025 19,276 35,986 55,262
Depreciation
As at 1 April 2024 99,294 11,885 111,179
Provided during the period 4,820 2,370 7,190
Disposals (91,375 ) (6,334 ) (97,709 )
As at 31 March 2025 12,739 7,921 20,660
Net Book Value
As at 31 March 2025 6,537 28,065 34,602
As at 1 April 2024 11,571 24,130 35,701
5. Stocks
2025 2024
£ £
Finished goods 120,273 96,188
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 100,369 203,468
Prepayments and accrued income 4,078 2,812
VAT 61,828 68,221
Directors' loan accounts 639 505
166,914 275,006
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 140,832 119,124
Corporation tax 12,424 4,265
Credit Card (Current liabilities - creditors < 1 year) - (54 )
Accruals and deferred income 4,090 3,396
157,346 126,731
Page 3
Page 4
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Nicholas Hurry 252 68 - - 320
Mrs Julie Hurry 252 68 - - 320
The above loan is unsecured, interest free and repayable on demand.
Page 4