Realtime Technical Services Ltd

Registered number

11022351

Report and Financial Statements

31 May 2025

Realtime Technical Services Ltd
Report and accounts
Contents




Page

Company information	1
Directors' report	2
Strategic report	3
Independent auditor's report	4
Income statement	7
Statement of comprehensive income	8
Statement of financial position	9
Statement of changes in equity	10
Statement of cash flows	11
Notes to the financial statements	12

Realtime Technical Services Ltd

Company Information

Directors

Comiskey, Mark

Gallagher, Damian

Secretary

McGrath, Eileen

Auditors

Evolve Accounting and Tax Solutions Ltd

Congress House

14 Lyon Road

Harrow

Middlesex

HA1 2EN

Registered office

39- 41 Swanley Bar Lane

Potters Bar

Hertfordshire

EN6 1NU

Registered number

11022351

Realtime Technical Services Ltd
Registered number:		11022351
Directors' Report

The directors present their report and financial statements for the year ended 31 May 2025.

Principal activities
The principal activity of the company in the year under review was that of the provision of construction labour.

Dividends
A Dividend of £50,000 was distributed for the year ended 31 May 2025.

Directors
The following persons served as directors during the year:

	D Gallagher
	M Comiskey

Directors' responsibilities

The directors are responsible for preparing the report and financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). Under company law the directors 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 these financial statements, the directors are required to:
●	select suitable accounting policies and then apply them consistently;
●	make judgements and estimates that are reasonable and prudent;
●	state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
●	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are 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. They are 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.


Disclosure of information to auditors

Each person who was a director at the time this report was approved confirms that:
●	so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
●	he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.


Auditors
The auditors, Evolve Accounting and Tax Solutions Limited, will be proposed for re-appointment
at the forthcoming Annual General Meeting.

This report was approved by the board on 4 September 2025 and signed on its behalf.

D Gallagher

Director

Realtime Technical Services Ltd
Strategic Report

The directors present the strategic report for the year ended 31 May 2025.

Review of Business
The company has had a solid year of trading despite the volatile trading conditions of the construction market. The company has made a profit and increased its sales by £3.3 million. Some key financial highlights are as follows:

	2025	2024	2023
Turnover	£10.6 million	£7.3 million	£6 million
Turnover movement	£3.3 million	£1.3 Million	£0.2 million
Gross profit margin	2.43%	0.56%	1.20%
Profit before tax	2.35%	0.44%	0.93%

Principle risks and uncertainties
Operational Risk
The company derives its turnover from providing subcontracted labour to a fellow group company, Realtime Civil Engineering Limited. Its results are therefore dependent on the business generated from that company. Since the company's main expense is subcontract labour and other administrative costs are minimal, any reduction in sales income will in turn bring about a reduction of direct costs accordingly. The primary business risks faced by the company are those faced by its fellow group company, which continue to be as a result of Brexit, the war in Ukraine and the general economic outlook of the country. Each of these factors are likely to impact the ability of the company to trade, with the potential disruption to supply chains. The industry in which the company operates is construction and the provision of labour. The recruitment and retention of superior quality labour is therefore a significant risk faced by the company, especially since the UK's withdrawal from the European Union. In order for the business to be able to attract and retain staff of high quality, the management regularly reviews its Health and Safety policy to ensure that its workers are well trained and are attracted to work in a safe environment. Strong risk-based procedures are in place which are used whenever the company tenders for new business. This approach enables management to minimise any adverse effects of unexpected changes in conditions as each project progresses. The directors aim to keep a healthy balance of liquid funds so as to take advantage of any new opportunities as and when they arise. The change to the law regarding IR35 could have a major impact on the margins in which the company operates. In order to reduce the risk of non-compliance, the company has reviewed its contracts with subcontractors. Management monitor and review the business and operating risks faced by the company and adjust its plans accordingly so that the company is able to trade within its means in the long term. The directors are satisfied with the results achieved by the company, given the circumstances that its industry is in and believe that the company is well placed to continue to trade successfully in the future.










This report was approved by the board on 4 September 2025 and signed on its behalf.

D Gallagher-Director

Realtime Technical Services Ltd
Independent auditor's report
to the members of Realtime Technical Services Ltd

Opinion

We have audited the financial statements of Realtime Technical Services Ltd (the 'company') for the year ended 31 May 2025 which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
●	give a true and fair view of the state of the company's affairs as at 31 May 2025 and of its profit for the year then ended;
●	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
●	have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
●	the information given in the strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
●	the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
●	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
●	the financial statements are not in agreement with the accounting records and returns; or
●	certain disclosures of directors’ remuneration specified by law are not made; or
●	we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
●	enquiring of management and those charged with governance around actual and potential litigation and claims;
●	enquiring of management and those charged with governance to identify any instances of non-compliance with laws and regulations;
●	reviewing board meeting minutes for all meetings taking place throughout the year and indeed up until the date of signature of these financial statements;
●	reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
●	reviewing the general ledger in detail for all transactions with related parties;
●	performing walk through testing to ensure systems and controls are operating as recorded where appropriate;
●	performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
●	Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
●	Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the Company's internal control.
●	Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.
●	Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditors' Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditors' Report. However, future events or conditions may cause the Company to cease to continue as a going concern.
●	Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.


Paul O'Rourke FCA
(Senior Statutory Auditor)		Congress House
for and on behalf of		14 Lyon Road
Evolve Accounting and Tax Solutions Ltd		Harrow
Statutory Auditor		Middlesex
4 September 2025		HA1 2EN

Realtime Technical Services Ltd
Income Statement
for the year ended 31 May 2025


Notes		2025		2024
£			£

Turnover	3	10,612,195		7,274,624

Cost of sales		(10,353,954)		(7,234,063)

Gross profit		258,241		40,561

Administrative expenses		(8,839)		(8,535)

Operating profit	4	249,402		32,026

Profit on ordinary activities before taxation		249,402		32,026

Tax on profit on ordinary activities	5	(62,351)		(6,095)

Profit for the financial year		187,051		25,931

Realtime Technical Services Ltd
Statement of Comprehensive Income
for the year ended 31 May 2025


Notes	2025		2024
£		£

Profit for the financial year	187,051		25,931

Total comprehensive income for the year	187,051		25,931

Realtime Technical Services Ltd
Statement of Financial Position
as at 31 May 2025

Notes			2025			2024
£				£
Current assets
Debtors	6	273,502			272,426
Cash at bank and in hand		406,830			149,112
		680,332			421,538

Creditors: amounts falling due within one year	7	(322,061)			(200,318)

Net current assets			358,271			221,220

Total assets less current liabilities			358,271			221,220


Capital and reserves
Called up share capital	8		2,000			2,000
Profit and loss account	9		356,271			219,220

Total equity			358,271			221,220




D Gallagher
Director
Approved by the board on 4 September 2025

Realtime Technical Services Ltd
Statement of Changes in Equity
for the year ended 31 May 2025

Share		Share		Other		Profit		Total
capital		premium		reserves		and loss
account
£		£		£		£		£

At 1 June 2023	2,000		-		-		193,289		195,289

Profit for the financial year							25,931		25,931

Gain on revaluation of land and buildings					-				-
Deferred taxation arising on the revaluation of land and buildings					-				-
Other comprehensive income for the financial year	-		-		-		-		-
Total comprehensive income for the financial year	-		-		-		25,931		25,931

Dividends							-		-
Shares issued	-		-						-
Shares redeemed	-								-

At 31 May 2024	2,000		-		-		219,220		221,220
Correction of prior year errors							-		-
Effect of retrospective changes in accounting policies							-		-
At 31 May 2024 as restated	2,000		-		-		219,220		221,220



At 1 June 2024	2,000		-		-		219,220		221,220

Profit for the financial year							187,051		187,051

Gain on revaluation of land and buildings					-				-
Deferred taxation arising on the revaluation of land and buildings					-				-
Other comprehensive income for the financial year	-		-		-		-		-
Total comprehensive income for the financial year	-		-		-		187,051		187,051

Dividends							(50,000)		(50,000)
Shares issued	-		-						-
Shares redeemed	-								-

At 31 May 2025	2,000		-		-		356,271		358,271

Realtime Technical Services Ltd
Statement of Cash Flows
for the year ended 31 May 2025

Notes	2025		2024
£		£
Operating activities
Profit for the financial year	187,051		25,931

Adjustments for:
Tax on profit on ordinary activities	62,351		6,095
(Increase)/decrease in debtors	(1,076)		118,956
Increase/(decrease) in creditors	15,487		(23,276)
	263,813		127,706

Corporation tax paid	(6,095)		(10,918)

Cash generated by operating activities	257,718		116,788

Net cash generated
Cash generated by operating activities	257,718		116,788
Cash generated by investing activities	-		-
Cash generated by financing activities	-		-

Net cash generated	257,718		116,788

Cash and cash equivalents at 1 June	149,112		32,324
Cash and cash equivalents at 31 May	406,830		149,112

Cash and cash equivalents comprise:
Cash at bank	406,830		149,112
	406,830		149,112

Realtime Technical Services Ltd
Notes to the Accounts
for the year ended 31 May 2025

1	General information

	Realtime Technical Services Limited 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.
	The presentation currency of the financial statements is the Pound Sterling (£) and is rounded to the nearest £1.

2	Accounting Policies

2.1	Basis of preparation
	The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2	Related Party exemption
	The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

2.3	Turnover
	Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
	Rendering of services
	Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
	• the amount of revenue can be measured reliably;
	• it is probable that the Company will receive the consideration due under the contract;
	• the stage of completion of the contract at the end of the reporting period can be measured reliably; and
	• the costs incurred and the costs to complete the contract can be measured reliably.

2.4	Taxation
	Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
	The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
	Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
	• The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
	• Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
	Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.5	Financial Instruments

	The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

	Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

	Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

	Basic financial assets
	Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price. Financial assets classified as receivable within one year are not amortised.

	Cash and cash equivalents
	Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

	Financial liabilities
	Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

	Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. Financial liabilities classified as payable within one year are not amortised.

3	Employees and Directors
						2025		2024
£							£
	Wages and Salaries					-		-
						-		-

	Average number of employees during the year:
						2025		2024
	Administration					-		-

						2025		2024

	Directors' remuneration					-		-

4	Operating Profit
	The operating profit/(loss) is stated after charging:
						2025		2024
£							£
	Auditors' remuneration					5,000		5,000

						5,000		5,000

5	Taxation					2025		2024
£							£
	Analysis of charge in period
	Current tax:
	UK corporation tax on profits of the period					62,351		6,095
						62,351		6,095

	Tax on profit on ordinary activities					62,351		6,095


	Factors affecting tax charge for period
	The tax assessed for the year is equal to (2024 - higher than) the standard rate of corporation tax in the UK. The differences are explained below:

						2025		2024
£							£
	Profit on ordinary activities before tax					249,402		32,026

	Standard rate of corporation tax in the UK					25%		19%

£							£
	Profit on ordinary activities multiplied by the standard rate of corporation tax					62,351		6,085

	Effects of:
	Expenses not deductible for tax purposes					-		10

	Current tax charge for period					62,351		6,095

	Factors that may affect future tax charges
	There are no factors that may affect future tax charges

6	Debtors					2025		2024
£							£

	Trade debtors							-
	Other debtors					2,000		3,067
	VAT debtor					79,734		61,341
	Prepayments and accrued income					191,768		208,018
	Construction contract debtors					-		-
						273,502		272,426


7	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					12,970		7,826
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					100,000		50,000
	Corporation tax					62,351		6,095
	Other taxes and social security costs					141,740		131,397
	Accruals and deferred income					5,000		5,000
						322,061		200,318


8	Share capital	Nominal		2025		2025		2024
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2,000		2,000		2,000
						2,000		2,000


9	Reserves					2025		2024
£							£

	At 1 June					219,220		193,289
	Profit for the financial year					187,051		25,931
	Dividends					(50,000)		-

	At 31 May					356,271		219,220

10	Ultimate Parent Company

	Realtime Civil Engineering London Limited is regarded by the directors as being the company's ultimate parent company. Copies of the accounts of the holding company, Realtime Civil Engineering London Limited can be obtained from its registered office of Swanley Bar Lane, Potters Bar, Hertfordshire, EN6 1NU.


11	Ultimate Controlling Party

	In the opinion of the directors there is no overall controlling party.