1 October 2023 v2025.63.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity0falsetruexbrli:purexbrli:sharesiso4217:GBP107183262023-10-012024-09-30107183262024-09-30107183262023-09-3010718326core:WithinOneYear2024-09-3010718326core:WithinOneYear2023-09-3010718326core:AfterOneYear2024-09-3010718326core:AfterOneYear2023-09-3010718326core:ShareCapital2024-09-3010718326core:ShareCapital2023-09-3010718326core:RetainedEarningsAccumulatedLosses2024-09-3010718326core:RetainedEarningsAccumulatedLosses2023-09-3010718326bus:Director12023-10-012024-09-3010718326bus:RegisteredOffice2023-10-012024-09-3010718326core:LandBuildings2023-10-012024-09-3010718326core:PlantMachinery2023-10-012024-09-3010718326core:FurnitureFittingsToolsEquipment2023-10-012024-09-3010718326core:MotorVehicles2023-10-012024-09-3010718326core:PlantMachinery2023-10-0110718326core:PlantMachinery2024-09-3010718326core:PlantMachinery2023-09-301071832612023-10-012024-09-30107183262022-10-012023-09-3010718326countries:EnglandWales2023-10-012024-09-3010718326bus:AuditExempt-NoAccountantsReport2023-10-012024-09-3010718326bus:PrivateLimitedCompanyLtd2023-10-012024-09-3010718326bus:SmallEntities2023-10-012024-09-3010718326bus:FullAccounts2023-10-012024-09-30
Company registration number:
10718326
Rcltech Ltd
Unaudited Filleted Financial Statements for the year ended
30 September 2024
Rcltech Ltd
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Rcltech Ltd
Year ended
30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Rcltech Ltd
for the year ended
30 September 2024
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Rcltech Ltd
, as a body, in accordance with the terms of my engagement letter dated 23 April 2023. My work has been undertaken solely to prepare for your approval the
financial statements
of
Rcltech Ltd
and state those matters that I have agreed to state to the Board of Directors of
Rcltech Ltd
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Rcltech Ltd
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Rcltech 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
Rcltech Ltd
. You consider that
Rcltech Ltd
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Rcltech Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Real Time Accountants
Anson House
1 Cae'r Llynen
Llandudno Junction
Conwy
LL31 9LS
United Kingdom
Date:
30 April 2025
Rcltech Ltd
Statement of Financial Position
30 September 2024
20242023
Note££
Fixed assets    
Tangible assets 5
9,770
 
8,732
 
Current assets    
Debtors 6
232,583
 
156,382
 
Cash at bank and in hand
30,983
 
35,644
 
263,566
 
192,026
 
Creditors: amounts falling due within one year 7
(149,127
 )
(127,871
 )
Net current assets
114,439
 
64,155
 
Total assets less current liabilities 124,209   72,887  
Creditors: amounts falling due after more than one year 8
(56,953
 )
(13,578
 )
Net assets
67,256
 
59,309
 
Capital and reserves    
Called up share capital
120
 
120
 
Profit and loss account
67,136
 
59,189
 
Shareholders funds
67,256
 
59,309
 
For the year ending
30 September 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
30 April 2025
, and are signed on behalf of the board by:
R Leach
Director
Company registration number:
10718326
Rcltech Ltd
Notes to the Financial Statements
Year ended
30 September 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Anson House
,
1 Cae'R Llynen
,
Llandudno Junction
,
LL31 9LS
, Wales.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
Over the lease term
Plant and machinery
18% straight line
Fixtures, fittings and equipment
18% straight line
Motor vehicles
25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023: nil).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 October 2023
14,286
 
Additions
4,401
 
At
30 September 2024
18,687
 
Depreciation  
At
1 October 2023
5,554
 
Charge
3,363
 
At
30 September 2024
8,917
 
Carrying amount  
At
30 September 2024
9,770
 
At 30 September 2023
8,732
 

6 Debtors

20242023
££
Amounts owed by group undertakings and undertakings in which the company has a participating interest
91,342
 
69,682
 
Other debtors
141,241
 
86,700
 
232,583
 
156,382
 

7 Creditors: amounts falling due within one year

20242023
££
Taxation and social security
148,047
 
126,791
 
Other creditors
1,080
 
1,080
 
149,127
 
127,871
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
56,953
 
13,578
 

9 Director's advances, credit and guarantees

Included within Debtors is a director loan of £112,521 (2023: £86,699). During the year, the amount advanced was £127,584 and the amount repaid was £101,762. The loan is unsecured, interest free and repayable on demand.