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Registered number: 00972285

R.G.V. ENGINEERING (NETHERAVON) LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024

Prepared By:
Lynham & Co
Chartered Accountants
9 Hampton Lane
Blackfield
Southampton
Hampshire
SO45 1ZA

R.G.V. ENGINEERING (NETHERAVON) LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
DIRECTORS
D J Burke
M V Chalke
M Maggs
L F Marsh (Resigned - 30/04/2024)
N M Chalke (Appointed - 09/04/2024)
SECRETARY
D J Burke
REGISTERED OFFICE
Old Brewery Works
High Street, Netheravon
Salisbury
Wiltshire
SP4 9PQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 00972285
ACCOUNTANTS
Lynham & Co
Chartered Accountants
9 Hampton Lane
Blackfield
Southampton
Hampshire
SO45 1ZA

R.G.V. ENGINEERING (NETHERAVON) LIMITED

ACCOUNTS
FOR THEYEARENDED31/05/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

R.G.V. ENGINEERING (NETHERAVON) LIMITED

BALANCE SHEET AT 31/05/2024
20242023
Notes££
FIXED ASSETS
Tangible assets3220,745199,290
CURRENT ASSETS
Stock7,50010,500
Debtors5357,068404,855
Cash at bank and in hand788,867754,871
1,153,4351,170,226
CREDITORS: Amounts falling due within one year6282,551409,708
NET CURRENT ASSETS870,884760,518
TOTAL ASSETS LESS CURRENT LIABILITIES1,091,629959,808
CREDITORS: Amounts falling due after more than one year7-536
PROVISIONS FOR LIABILITIES AND CHARGES819,78114,033
NET ASSETS1,071,848945,239
CAPITAL AND RESERVES
Called up share capital9920920
Other reserves1020,08020,080
Profit and loss account1,050,848924,239
SHAREHOLDERS' FUNDS1,071,848945,239

R.G.V. ENGINEERING (NETHERAVON) LIMITED

BALANCE SHEET AT 31/05/2024
For the year ending 31/05/2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 03/09/2024 and signed on their behalf by
.............................
D J Burke
Director
.............................
M V Chalke
Director

R.G.V. ENGINEERING (NETHERAVON) LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 1%
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.
1f. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

R.G.V. ENGINEERING (NETHERAVON) LIMITED

2. EMPLOYEES
20242023
No.No.
Average number of employees2725
3. TANGIBLE FIXED ASSETS
Land AndPlant andCommercial
BuildingsMachineryVehiclesEquipmentTotal
£££££
Cost
At 01/06/2023153,93947,739118,34448,266368,288
Additions-3,52046,4952,52152,536
Disposals--(27,995)-(27,995)
At 31/05/2024153,93951,259136,84450,787392,829
Depreciation
At 01/06/202310,77936,39984,98436,836168,998
Disposals--(23,865)-(23,865)
For the year1,5403,95516,1355,32126,951
At 31/05/202412,31940,35477,25442,157172,084
Net Book Amounts
At 31/05/2024141,62010,90559,5908,630220,745
At 31/05/2023143,16011,34033,36011,430199,290
The carrying value of commercial vehicles includes £2,255 (2023 - £14,780) of assets held under finance arrangements.
4. STOCK 20242023
££
Stock comprises:
Stock7,50010,500
7,50010,500
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors287,174303,888
Other debtors17,44814,606
Amounts due from group companies28,21958,219
Prepayments24,22728,142
357,068404,855

R.G.V. ENGINEERING (NETHERAVON) LIMITED

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax33,20827,791
Other taxation and social security26,9728,051
Directors current accounts221221
Hire purchase5362,035
Trade creditors208,536347,090
Other creditors11,08323,070
Accruals1,9951,450
282,551409,708
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Hire purchase-536
-536
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation19,78114,033
19,78114,033
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
920 Ordinary shares of £1.00 each920920
920920

R.G.V. ENGINEERING (NETHERAVON) LIMITED

10. OTHER RESERVES 20242023
££
Other reserves20,08020,080
20,08020,080
11. CONTROLLING PARTY
The immediate controlling party is B&C Enterprises (Wiltshire) Limited. The company is a wholly owned subsidiary of B&C Enterprises (Wiltshire) Limited, a company incorporated in the United Kingdom. B&C Enterprises (Wiltshire) Limited is the ultimate parent company and the director, Mr D J Burke, is the majority shareholder of the parent company. The ultimate controlling party is Mr D J Burke.
12. RELATED PARTY TRANSACTIONS
The company has taken advantage of the exemptions in FRS102 from disclosing transactions with other members of the group.
Two of the directors had interests in transactions with another business. The sums involved were overhead expenses of £13,600 (2023 - £14,400).
13. OPERATING LEASE COMMITMENTS
At the year end, the company had annual commitments of £27,362 (2023 - £39,170) under non cancellable operating leases.