Registered number: 00972285 | ||||||||
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 | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Wiltshire | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 5 | |||||||
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 | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
1,153,435 | 1,170,226 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 760,518 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | - | 536 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Other reserves | 10 | 20,080 | 20,080 | |||||||
Profit and loss account | 1,050,848 | 924,239 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
R.G.V. ENGINEERING (NETHERAVON) LIMITED | ||||||||
BALANCE SHEET AT | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
Land And Buildings | straight line 1% | |||||||
Plant and Machinery | reducing balance 25% | |||||||
Commercial Vehicles | reducing balance 25% | |||||||
Equipment | reducing 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 | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 25 | |||||
3. TANGIBLE FIXED ASSETS | |||||||||||
Land And | Plant and | Commercial | |||||||||
Buildings | Machinery | Vehicles | Equipment | Total | |||||||
£ | £ | £ | £ | £ | |||||||
Cost | |||||||||||
At 01/06/2023 | 153,939 | 47,739 | 118,344 | 48,266 | 368,288 | ||||||
Additions | - | 3,520 | 46,495 | 2,521 | 52,536 | ||||||
Disposals | - | - | (27,995) | - | (27,995) | ||||||
At 31/05/2024 | 153,939 | 51,259 | 136,844 | 50,787 | 392,829 | ||||||
Depreciation | |||||||||||
At 01/06/2023 | 10,779 | 36,399 | 84,984 | 36,836 | 168,998 | ||||||
Disposals | - | - | (23,865) | - | (23,865) | ||||||
For the year | 1,540 | 3,955 | 16,135 | 5,321 | 26,951 | ||||||
At 31/05/2024 | 12,319 | 40,354 | 77,254 | 42,157 | 172,084 | ||||||
Net Book Amounts | |||||||||||
At 31/05/2024 | 220,745 | ||||||||||
At 31/05/2023 | 199,290 | ||||||||||
The carrying value of commercial vehicles includes £2,255 (2023 - £14,780) of assets held under finance arrangements. | |||||||||||
4. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
5. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 287,174 | 303,888 | ||||||
Other debtors | 17,448 | 14,606 | ||||||
Amounts due from group companies | 28,219 | 58,219 | ||||||
Prepayments | 24,227 | 28,142 | ||||||
357,068 | 404,855 | |||||||
R.G.V. ENGINEERING (NETHERAVON) LIMITED | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 33,208 | 27,791 | ||||||
Other taxation and social security | 26,972 | 8,051 | ||||||
Directors current accounts | 221 | 221 | ||||||
Hire purchase | 536 | 2,035 | ||||||
Trade creditors | 208,536 | 347,090 | ||||||
Other creditors | 11,083 | 23,070 | ||||||
Accruals | 1,995 | 1,450 | ||||||
282,551 | 409,708 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Hire purchase | - | 536 | ||||||
- | 536 | |||||||
8. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 19,781 | 14,033 | ||||||
19,781 | 14,033 | |||||||
9. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
920 | 920 | |||||||
920 | 920 | |||||||
R.G.V. ENGINEERING (NETHERAVON) LIMITED | ||||||||
10. OTHER RESERVES | 2024 | 2023 | ||||
£ | £ | |||||
Other reserves | 20,080 | 20,080 | ||||
20,080 | 20,080 | |||||
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 | |||||||||||||||||||||||||||||||||||||
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13. OPERATING LEASE COMMITMENTS | ||||||||
At the year end, the company had annual commitments of £27,362 (2023 - £39,170) under non cancellable operating leases. | ||||||||