Real Time Graphics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01817327 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

Real Time Graphics Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R L Taylor

J M Taylor

SECRETARY:

J M Taylor

REGISTERED OFFICE:

66 Stafford Street

Market Drayton

Shropshire

TF9 1JB

REGISTERED NUMBER:

01817327 (England and Wales)

FIXED ASSETS

Tangible assets

4

946

1,092

Investment property

5

310,000

310,000

310,946

311,092

CURRENT ASSETS

Debtors

6

1,224

1,450

CREDITORS

Amounts falling due within one year

7

71,731

41,991

NET CURRENT LIABILITIES

(70,507

)

(40,541

)

TOTAL ASSETS LESS CURRENT LIABILITIES

240,439

270,551

CREDITORS

Amounts falling due after more than one year

8

(50,898

)

(50,898

)

PROVISIONS FOR LIABILITIES

(23,852

)

(23,852

)

NET ASSETS

165,689

195,801

CAPITAL AND RESERVES

Called up share capital

2

2

Other reserves

129,559

129,559

Retained earnings

36,128

66,240

SHAREHOLDERS' FUNDS

165,689

195,801

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2021 and were signed on its behalf by:

R L Taylor - Director

1.	STATUTORY INFORMATION

Real Time Graphics 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.

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 cover the company as an individual entity and are presented in Pounds Sterling (£) being the functional currency.

Particular consideration has been given to the impact of the Coronavirus on the company's ability to operate for the foreseeable future. In arriving at this assessment of the going concern status of the company the directors have made key judgements about the returning level of demand for the services provided by the company.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

33.33% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Basic financial assets and liabilities are initially measured at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

Taxation for the year comprises current and deferred tax, if applicable. 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 statement of financial position date.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, after discounts, returns and rebates, excluding value added tax and other sales taxes.

Property rental

Turnover represents rental income receivable in the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2020

2,625

14,498

225

17,348

Disposals

-

-

(225

)

(225

)

At 31 March 2021

2,625

14,498

-

17,123

DEPRECIATION

At 1 April 2020

2,461

13,601

194

16,256

Charge for year

25

90

-

115

Eliminated on disposal

-

-

(194

)

(194

)

At 31 March 2021

2,486

13,691

-

16,177

NET BOOK VALUE

At 31 March 2021

139

807

-

946

At 31 March 2020

164

897

31

1,092

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2020

and 31 March 2021

310,000

NET BOOK VALUE

At 31 March 2021

310,000

At 31 March 2020

310,000

Fair value at 31 March 2021 is represented by:

£

Valuation in 2019

153,411

Cost

156,589

310,000

Investment property was valued on an open market basis on 31 March 2019 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

1,224

1,450

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

909

2,890

Taxation and social security

-

3,387

Other creditors

70,822

35,714

71,731

41,991

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

50,898

50,898

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

50,898

50,898

9.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

50,898

50,898

The bank loans are secured by way of a fixed and floating charge on the property.