REGISTERED NUMBER: |
Redvan Bearings Limited |
Unaudited Financial Statements |
for the Year Ended 30th November 2023 |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
BUSINESS ADDRESS: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
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 |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
The principal activity of the company is bearing stockists. |
2. | STATEMENT OF COMPLIANCE |
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 |
Motor vehicles | - |
Computer equipment | - |
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 |
5. | TANGIBLE FIXED ASSETS |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1st December 2022 |
and 30th November 2023 |
DEPRECIATION |
At 1st December 2022 |
Charge for year |
At 30th November 2023 |
NET BOOK VALUE |
At 30th November 2023 |
At 30th November 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | DEFERRED TAX |
£ |
Balance at 1st December 2022 | ( |
) |
Provided during year |
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: | £ | £ |
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. |