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REGISTERED NUMBER: 03277773 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

REVELL HOLDINGS LIMITED

REVELL HOLDINGS LIMITED (REGISTERED NUMBER: 03277773)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Balance sheet 1

Notes to the financial statements 2


REVELL HOLDINGS LIMITED (REGISTERED NUMBER: 03277773)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 65,987 149,498

Current assets
Debtors 5 15,445 13,183
Cash at bank 1,610 3,612
17,055 16,795
Creditors
Amounts falling due within one year 6 52,762 50,509
Net current liabilities (35,707 ) (33,714 )
Total assets less current liabilities 30,280 115,784

Creditors
Amounts falling due after more than one year 7 (18,819 ) (53,240 )

Provisions for liabilities 10 (2,143 ) (7,901 )
Net assets 9,318 54,643

Capital and reserves
Called up share capital 11 1,001 1,001
Retained earnings 8,317 53,642
Shareholders' funds 9,318 54,643

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2024 and were signed by:



Mr G J Revell - Director


REVELL HOLDINGS LIMITED (REGISTERED NUMBER: 03277773)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. Statutory information

Revell Holdings Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03277773. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is Jubilee Farm, Burts Lane, Mannington, Wimborne, Dorset, BH21 7JX.

2. Accounting policies

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents income receivable from the hire of equipment, net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

REVELL HOLDINGS LIMITED (REGISTERED NUMBER: 03277773)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1 May 2023 226,197 141,689 4,305 40,007 412,198
Additions - 500 - - 500
Disposals - (64,500 ) - - (64,500 )
At 30 April 2024 226,197 77,689 4,305 40,007 348,198
Depreciation
At 1 May 2023 133,106 89,958 3,842 35,794 262,700
Charge for year 35,228 5,716 154 4,213 45,311
Eliminated on disposal - (25,800 ) - - (25,800 )
At 30 April 2024 168,334 69,874 3,996 40,007 282,211
Net book value
At 30 April 2024 57,863 7,815 309 - 65,987
At 30 April 2023 93,091 51,731 463 4,213 149,498

REVELL HOLDINGS LIMITED (REGISTERED NUMBER: 03277773)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 May 2023 79,500 16,850 96,350
Disposals (64,500 ) - (64,500 )
Transfer to ownership - (16,850 ) (16,850 )
At 30 April 2024 15,000 - 15,000
Depreciation
At 1 May 2023 34,800 12,638 47,438
Charge for year 3,000 - 3,000
Eliminated on disposal (25,800 ) - (25,800 )
Transfer to ownership - (12,638 ) (12,638 )
At 30 April 2024 12,000 - 12,000
Net book value
At 30 April 2024 3,000 - 3,000
At 30 April 2023 44,700 4,212 48,912

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 11,213 11,978
Other debtors 2,534 -
VAT 861 216
Prepayments 837 989
15,445 13,183

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 2,200 2,200
Hire purchase contracts (see note 8) 23,774 29,662
Tax 13,509 2,562
Other creditors 1,600 2,100
Directors' current accounts 61 20
Accruals and deferred income 11,618 13,965
52,762 50,509

REVELL HOLDINGS LIMITED (REGISTERED NUMBER: 03277773)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 2,200 2,200
Bank loans - 2-5 years 183 2,383
Hire purchase contracts (see note 8) 16,436 48,657
18,819 53,240

8. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 23,774 29,662
Between one and five years 16,436 48,657
40,210 78,319

Non-cancellable operating leases
2024 2023
£    £   
Within one year - 2,524

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 40,210 78,319

Hire purchase contracts are secured on the assets to which they relate.

10. Provisions for liabilities
2024 2023
£    £   
Deferred tax 2,143 7,901

Deferred
tax
£   
Balance at 1 May 2023 7,901
Credit to Income statement during year (5,758 )
Balance at 30 April 2024 2,143

REVELL HOLDINGS LIMITED (REGISTERED NUMBER: 03277773)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000
1 "A" Ordinary £1 1 1
1,001 1,001

12. Ultimate controlling party

The ultimate controlling party is Mr G Revell by virtue of his majority ownership of the voting share capital of the company.