RVM Repairs Limited 14275190 false 2022-08-03 2023-08-31 2023-08-31 The principal activity of the company is maintenance and repair of motor vehicles. Digita Accounts Production Advanced 6.30.9574.0 true 14275190 2022-08-03 2023-08-31 14275190 2023-08-31 14275190 core:RetainedEarningsAccumulatedLosses 2023-08-31 14275190 core:ShareCapital 2023-08-31 14275190 core:CurrentFinancialInstruments 2023-08-31 14275190 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 14275190 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 14275190 core:Goodwill 2023-08-31 14275190 core:FurnitureFittingsToolsEquipment 2023-08-31 14275190 core:MotorVehicles 2023-08-31 14275190 core:OtherPropertyPlantEquipment 2023-08-31 14275190 bus:SmallEntities 2022-08-03 2023-08-31 14275190 bus:AuditExemptWithAccountantsReport 2022-08-03 2023-08-31 14275190 bus:FullAccounts 2022-08-03 2023-08-31 14275190 bus:SmallCompaniesRegimeForAccounts 2022-08-03 2023-08-31 14275190 bus:RegisteredOffice 2022-08-03 2023-08-31 14275190 bus:Director1 2022-08-03 2023-08-31 14275190 bus:PrivateLimitedCompanyLtd 2022-08-03 2023-08-31 14275190 core:Goodwill 2022-08-03 2023-08-31 14275190 core:FurnitureFittingsToolsEquipment 2022-08-03 2023-08-31 14275190 core:MotorVehicles 2022-08-03 2023-08-31 14275190 core:OtherPropertyPlantEquipment 2022-08-03 2023-08-31 14275190 core:PlantMachinery 2022-08-03 2023-08-31 14275190 countries:EnglandWales 2022-08-03 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 14275190

RVM Repairs Limited

Unaudited Financial Statements

for the Period from 3 August 2022 to 31 August 2023

 

RVM Repairs Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

RVM Repairs Limited

(Registration number: 14275190)
Balance Sheet as at 31 August 2023

Note

2023
£

Fixed assets

 

Intangible assets

4

26,304

Tangible assets

5

20,443

 

46,747

Current assets

 

Stocks

14,158

Debtors

6

48,018

Cash at bank and in hand

 

6,770

 

68,946

Creditors: Amounts falling due within one year

7

(111,115)

Net current liabilities

 

(42,169)

Total assets less current liabilities

 

4,578

Creditors: Amounts falling due after more than one year

7

(2,230)

Provisions for liabilities

(1,515)

Net assets

 

833

Capital and reserves

 

Called up share capital

100

Retained earnings

733

Shareholders' funds

 

833

For the financial period ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

RVM Repairs Limited

(Registration number: 14275190)
Balance Sheet as at 31 August 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 August 2024
 

.........................................
Mr D Johnson
Director

 

RVM Repairs Limited

Notes to the Unaudited Financial Statements for the Period from 3 August 2022 to 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

RVM Repairs Limited

Notes to the Unaudited Financial Statements for the Period from 3 August 2022 to 31 August 2023

Tax

The tax expense for the period comprises current tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and computer equipment

straight line over 3 years

Motor vehicles

25% reducing balance

Plant and machinery

20% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

straight line over 5 years

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 5.

 

RVM Repairs Limited

Notes to the Unaudited Financial Statements for the Period from 3 August 2022 to 31 August 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

Additions

32,880

32,880

At 31 August 2023

32,880

32,880

Amortisation

Amortisation charge

6,576

6,576

At 31 August 2023

6,576

6,576

Carrying amount

At 31 August 2023

26,304

26,304

5

Tangible assets

Fixtures, fittings and computer equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

Additions

912

19,169

5,015

25,096

At 31 August 2023

912

19,169

5,015

25,096

Depreciation

Charge for the period

253

3,664

736

4,653

At 31 August 2023

253

3,664

736

4,653

Carrying amount

At 31 August 2023

659

15,505

4,279

20,443

6

Debtors

Note

2023
£

Trade debtors

 

39,197

Amounts owed by related parties

6,949

Other debtors

 

1,872

   

48,018

 

RVM Repairs Limited

Notes to the Unaudited Financial Statements for the Period from 3 August 2022 to 31 August 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Bank loan

13,380

Trade creditors

 

25,811

Taxation and social security

 

31,862

Other creditors

 

40,062

 

111,115

Creditors: amounts falling due after more than one year

Note

2023
£

Due after one year

 

Bank loan

2,230