RFTC Ltd - Accounts to registrar (filleted)

RFTC LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST APRIL 2024 TO 31ST DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

8

DIRECTOR:

Ms T Tshalibe

REGISTERED OFFICE:

Unit 4 Jubilee Square

Cambridge

Cambridgeshire

CB5 8UW

REGISTERED NUMBER:

13947550 (England and Wales)

ACCOUNTANTS:

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

FIXED ASSETS

Intangible assets

4

27,879

30,698

Tangible assets

5

304,016

313,677

331,895

344,375

CURRENT ASSETS

Debtors

6

125,263

22,665

Cash at bank and in hand

48,038

10,708

173,301

33,373

CREDITORS

Amounts falling due within one year

7

301,748

195,152

NET CURRENT LIABILITIES

(128,447

)

(161,779

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

203,448

182,596

CREDITORS

Amounts falling due after more than one
year

8

411,700

NET LIABILITIES

(208,252

)

(229,104

)

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

(208,254

)

(229,106

)

(208,252

)

(229,104

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th September 2025 and were signed by:

Ms T Tshalibe - Director

1.	STATUTORY INFORMATION

Rftc 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 are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents amounts derived from the provision of nursery care as the services are provided.

Any income received in advance is deferred and included in current liabilities.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise is being amortised evenly over its estimated useful life of ten years.

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

-

straight line over 20 years

Nursery equipment

-

25% on cost

Computer equipment

-

Straight line over 3 years

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 20 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Franchise

£

COST

At 1st April 2024

and 31st December 2024

37,590

AMORTISATION

At 1st April 2024

6,892

Amortisation for period

2,819

At 31st December 2024

9,711

NET BOOK VALUE

At 31st December 2024

27,879

At 31st March 2024

30,698

5.	TANGIBLE FIXED ASSETS

Improvements

to

Nursery

Computer

property

equipment

Totals

£

COST

At 1st April 2024

330,186

-

330,186

Additions

-

1,036

2,146

3,182

At 31st December 2024

330,186

1,036

2,146

333,368

DEPRECIATION

At 1st April 2024

16,509

-

16,509

Charge for period

12,382

151

310

12,843

At 31st December 2024

28,891

151

310

29,352

NET BOOK VALUE

At 31st December 2024

301,295

885

1,836

304,016

At 31st March 2024

313,677

-

313,677

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/3/24

as restated

£

Trade debtors

41,941

-

Amounts owed by participating interests

29,065

-

Other debtors

2,500

7,128

Directors' current accounts

21,896

15,537

Tax

7,390

-

Prepayments and accrued income

22,471

-

125,263

22,665

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/3/24

as restated

£

Trade creditors

107,153

100,525

Amounts owed to participating interests

21,187

9,400

Corporation tax

7,896

-

Social security and other taxes

21,029

41,236

Net wages outstanding

37,438

-

Pensions payable

1,468

-

Accruals and deferred income

105,577

43,991

301,748

195,152

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/12/24

31/3/24

as restated

£

Other creditors

411,700

9.	LEASING AGREEMENTS

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

31/12/24

31/3/24

as restated

£

Within one year

77,400

79,178

Between one and five years

309,600

In more than five years

954,600

1,012,650

1,341,600

1,401,428

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31st December 2024 and the year ended 31st March 2024:

31/12/24

31/3/24

as restated

£

Ms T Tshalibe

Balance outstanding at start of period

15,537

-

Amounts advanced

29,197

15,537

Amounts repaid

(22,838

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

21,896

15,537

11.	FIRST YEAR ADOPTION

No transitional adjustments were deemed necessary to equity or retained earnings on transition to FRS 102 1A.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rftc Ltd for the period ended 31st December 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Rftc Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rftc Ltd and state those matters that we have agreed to state to the director of Rftc Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rftc Ltd and its director for our work or for this report.

It is your duty to ensure that Rftc Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rftc Ltd. You consider that Rftc Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Rftc Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

28th September 2025