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Company Registration No. 05316502 (England and Wales)
Revase Ltd Unaudited accounts for the year ended 31 March 2023
Revase Ltd Unaudited accounts Contents
Page
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Revase Ltd Company Information for the year ended 31 March 2023
Director
Paul Saunders
Company Number
05316502 (England and Wales)
Registered Office
32-34 Hare Street London SE18 6LZ
Accountants
Elite Accountants (London) Limited 717 Green Lanes Winchmore Hill London N21 3RX
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Revase Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,867 
9,157 
Current assets
Inventories
215,010 
203,832 
Debtors
30,996 
34,676 
Cash at bank and in hand
61,732 
27,739 
307,738 
266,247 
Creditors: amounts falling due within one year
(65,652)
(70,599)
Net current assets
242,086 
195,648 
Total assets less current liabilities
248,953 
204,805 
Creditors: amounts falling due after more than one year
(42,688)
(48,644)
Net assets
206,265 
156,161 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
205,265 
155,161 
Shareholders' funds
206,265 
156,161 
For the year ending 31 March 2023 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 July 2023 and were signed on its behalf by
Paul Saunders Director Company Registration No. 05316502
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Revase Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Revase Ltd is a private company, limited by shares, registered in England and Wales, registration number 05316502. The registered office is 32-34 Hare Street, London, SE18 6LZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 April 2022
64,999 
At 31 March 2023
64,999 
Amortisation
At 1 April 2022
64,999 
At 31 March 2023
64,999 
Net book value
At 31 March 2023
- 
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Revase Ltd Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2022
113,465 
At 31 March 2023
113,465 
Depreciation
At 1 April 2022
104,308 
Charge for the year
2,290 
At 31 March 2023
106,598 
Net book value
At 31 March 2023
6,867 
At 31 March 2022
9,157 
6
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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