Registered number
05768895
Re Vive Property Maintenance Limited
Filleted Accounts
31 March 2023
Re Vive Property Maintenance Limited
Registered number: 05768895
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 12,438 15,597
Current assets
Debtors 4 1,225 2,854
Cash at bank and in hand 5,050 27,838
6,275 30,692
Creditors: amounts falling due within one year 5 (15,470) (40,897)
Net current liabilities (9,195) (10,205)
Total assets less current liabilities 3,243 5,392
Creditors: amounts falling due after more than one year 6 - (1,276)
Net assets 3,243 4,116
Capital and reserves
Called up share capital 1 1
Profit and loss account 3,242 4,115
Shareholder's funds 3,243 4,116
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr D Barber
Director
Approved by the board on 22 December 2023
Re Vive Property Maintenance Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a reducing balance basis at the following rates.
Plant and machinery 20% p.a reducing balance
Fixtures, fittings, tools and equipment 20% p.a reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 40,695
At 31 March 2023 40,695
Depreciation
At 1 April 2022 25,098
Charge for the year 3,159
At 31 March 2023 28,257
Net book value
At 31 March 2023 12,438
At 31 March 2022 15,597
4 Debtors 2023 2022
£ £
Trade debtors 1,225 2,105
Other debtors - 749
1,225 2,854
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 2,327 5,386
Trade creditors - 53
Taxation and social security costs 11,763 30,385
Other creditors 1,380 5,073
15,470 40,897
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts - 1,276
7 Other information
Re Vive Property Maintenance Limited is a private company limited by shares and incorporated in England. Its registered office is:
16 Barbara Close
Rochford
Essex
SS4 1NQ
Re Vive Property Maintenance Limited 05768895 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2022 Mr D Barber No description of principal activity 05768895 2021-04-01 2022-03-31 05768895 core:WithinOneYear 2022-03-31 05768895 core:AfterOneYear 2022-03-31 05768895 core:ShareCapital 2022-03-31 05768895 core:RetainedEarningsAccumulatedLosses 2022-03-31 05768895 2022-04-01 2023-03-31 05768895 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05768895 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 05768895 bus:Director40 2022-04-01 2023-03-31 05768895 1 2022-04-01 2023-03-31 05768895 2 2022-04-01 2023-03-31 05768895 core:PlantMachinery 2022-04-01 2023-03-31 05768895 countries:England 2022-04-01 2023-03-31 05768895 bus:FRS102 2022-04-01 2023-03-31 05768895 bus:FullAccounts 2022-04-01 2023-03-31 05768895 2023-03-31 05768895 core:WithinOneYear 2023-03-31 05768895 core:AfterOneYear 2023-03-31 05768895 core:ShareCapital 2023-03-31 05768895 core:RetainedEarningsAccumulatedLosses 2023-03-31 05768895 core:PlantMachinery 2023-03-31 05768895 2022-03-31 05768895 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure