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REGISTERED NUMBER: 07839548 (England and Wales)















Redvan Bearings Limited

Unaudited Financial Statements

for the Year Ended 30th November 2023






Redvan Bearings Limited (Registered number: 07839548)






Contents of the Financial Statements
for the year ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Redvan Bearings Limited

Company Information
for the year ended 30th November 2023







DIRECTOR: P J Mullen





SECRETARY: Ms S J Andrews





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
Northamptonshire
NN1 4EP





BUSINESS ADDRESS: 12 The Peak
Nether Heyford
Northamptonshire
NN7 3LP





REGISTERED NUMBER: 07839548 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Redvan Bearings Limited (Registered number: 07839548)

Balance Sheet
30th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 361 488

CURRENT ASSETS
Stocks 21,732 20,997
Debtors 6 2,383 3,666
Cash at bank 14,305 3,015
38,420 27,678
CREDITORS
Amounts falling due within one year 7 38,322 32,704
NET CURRENT ASSETS/(LIABILITIES) 98 (5,026 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

459

(4,538

)

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 359 (4,638 )
SHAREHOLDERS' FUNDS 459 (4,538 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 14th March 2024 and were signed by:





P J Mullen - Director


Redvan Bearings Limited (Registered number: 07839548)

Notes to the Financial Statements
for the year ended 30th November 2023

1. STATUTORY INFORMATION

Redvan Bearings 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 (£).


The principal activity of the company is bearing stockists.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements for the year ended 30th November 2023 comply with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Reporting Standard applicable in the UK and the Republic of Ireland".

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Redvan Bearings Limited (Registered number: 07839548)

Notes to the Financial Statements - continued
for the year ended 30th November 2023

3. ACCOUNTING POLICIES - continued

Going concern
The accounts have been prepared on the going concern basis as, in the opinion of the director, with his continued support the company can continue to trade for the foreseeable future.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st December 2022
and 30th November 2023 3,600 907 4,507
DEPRECIATION
At 1st December 2022 3,119 900 4,019
Charge for year 120 7 127
At 30th November 2023 3,239 907 4,146
NET BOOK VALUE
At 30th November 2023 361 - 361
At 30th November 2022 481 7 488

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,383 2,316
Other debtors - 1,350
2,383 3,666

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 9,729 6,503
Taxation and social security 2,846 474
Other creditors 25,747 25,727
38,322 32,704

8. DEFERRED TAX
£   
Balance at 1st December 2022 (1,350 )
Provided during year 1,350
Balance at 30th November 2023 -

Redvan Bearings Limited (Registered number: 07839548)

Notes to the Financial Statements - continued
for the year ended 30th November 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100

10. CONTINGENT LIABILITIES

There were no contingent liabilities as at 30th November 2023 or 30th November 2022.

11. CAPITAL COMMITMENTS

There were no capital commitments as at 30th November 2023 or 30th November 2022.