IRIS Accounts Production v24.1.4.33 10587769 Board of Directors 1.5.23 30.4.24 30.4.24 18.6.24 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105877692023-04-30105877692024-04-30105877692023-05-012024-04-30105877692022-04-30105877692022-05-012023-04-30105877692023-04-3010587769ns15:EnglandWales2023-05-012024-04-3010587769ns14:PoundSterling2023-05-012024-04-3010587769ns10:Director12023-05-012024-04-3010587769ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3010587769ns10:SmallEntities2023-05-012024-04-3010587769ns10:Audited2023-05-012024-04-3010587769ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3010587769ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3010587769ns10:FullAccounts2023-05-012024-04-3010587769ns10:Director22023-05-012024-04-3010587769ns10:CompanySecretary12023-05-012024-04-3010587769ns10:RegisteredOffice2023-05-012024-04-3010587769ns5:CurrentFinancialInstruments2024-04-3010587769ns5:CurrentFinancialInstruments2023-04-3010587769ns5:ShareCapital2024-04-3010587769ns5:ShareCapital2023-04-3010587769ns5:RetainedEarningsAccumulatedLosses2024-04-3010587769ns5:RetainedEarningsAccumulatedLosses2023-04-3010587769ns5:ShortLeaseholdAssetsns5:LandBuildings2023-05-012024-04-3010587769ns5:LongLeaseholdAssetsns5:LandBuildings2023-05-012024-04-3010587769ns5:LeaseholdImprovements2023-05-012024-04-3010587769ns5:PlantMachinery2023-05-012024-04-3010587769ns5:FurnitureFittings2023-05-012024-04-3010587769ns5:MotorVehicles2023-05-012024-04-3010587769ns5:LandBuildings2023-04-3010587769ns5:PlantMachinery2023-04-3010587769ns5:LandBuildings2023-05-012024-04-3010587769ns5:LandBuildings2024-04-3010587769ns5:PlantMachinery2024-04-3010587769ns5:LandBuildings2023-04-3010587769ns5:PlantMachinery2023-04-3010587769ns5:CostValuation2023-04-3010587769ns5:DisposalsRepaymentsInvestments2024-04-3010587769ns5:CostValuation2024-04-3010587769ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3010587769ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30
REGISTERED NUMBER: 10587769 (England and Wales)
















RVM SYSTEMS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






RVM SYSTEMS LIMITED (REGISTERED NUMBER: 10587769)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


RVM SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: N. Engstrom
Mrs C. Marshall





SECRETARY: N. Engstrom





REGISTERED OFFICE: 21 Lodge Lane
Grays
Essex
RM17 5RY





BUSINESS ADDRESS: 1A Liggat Syke Place
East Mains Industrial Estate
Broxburn
West Lothian
EH52 5NA





REGISTERED NUMBER: 10587769 (England and Wales)





AUDITORS: CR Bland Baker Limited
Chartered Accountants and
Registered Auditor
21 Lodge Lane
Grays
Essex
RM17 5RY

RVM SYSTEMS LIMITED (REGISTERED NUMBER: 10587769)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 220,796 278,333
Investments 5 - 2,371
220,796 280,704

CURRENT ASSETS
Stocks 983,543 1,642,837
Debtors 6 53,218 206,020
Cash at bank 73,940 90,108
1,110,701 1,938,965
CREDITORS
Amounts falling due within one year 7 3,119,434 3,814,250
NET CURRENT LIABILITIES (2,008,733 ) (1,875,285 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,787,937

)

(1,594,581

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,787,938 ) (1,594,582 )
SHAREHOLDERS' FUNDS (1,787,937 ) (1,594,581 )

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2024 and were signed on its behalf by:





Mrs C. Marshall - Director


RVM SYSTEMS LIMITED (REGISTERED NUMBER: 10587769)

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

1. STATUTORY INFORMATION

RVM Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis as the company's holding company has undertaken to make funds available so as to enable the company to meet its liabilities as they fall due.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 15 years
Property improvements - Straight line over 15 years
Hire stock - 15% on reducing balance
Plant, machinery and office equipment - 20% on reducing balance
Furniture and fixtures - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.


RVM SYSTEMS LIMITED (REGISTERED NUMBER: 10587769)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 128,547 204,388 332,935
Disposals - (29,316 ) (29,316 )
At 30 April 2024 128,547 175,072 303,619
DEPRECIATION
At 1 May 2023 16,446 38,156 54,602
Charge for year 8,571 27,603 36,174
Eliminated on disposal - (7,953 ) (7,953 )
At 30 April 2024 25,017 57,806 82,823
NET BOOK VALUE
At 30 April 2024 103,530 117,266 220,796
At 30 April 2023 112,101 166,232 278,333

RVM SYSTEMS LIMITED (REGISTERED NUMBER: 10587769)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023 2,371
Disposals (2,371 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 2,371

RVM Systems Limited owns 100% of the ordinary shares in Redemption Centres Ltd.

On 10th April 2024 an application to strike the company off the register was made in relation to Redemption Centres Ltd at Companies House by the directors of that company. Consequently, the above investment in that company has been written off by RVM Systems Limited as it is no longer deemed to have any value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 42,455 184,072
Amounts owed by group undertakings - 420
Other debtors 10,763 21,528
53,218 206,020

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,623,050 2,006,827
Amounts owed to group undertakings 1,472,393 1,762,099
Taxation and social security 3,675 23,320
Other creditors 20,316 22,004
3,119,434 3,814,250

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

K.B. Roles (Senior Statutory Auditor)
for and on behalf of CR Bland Baker Limited

RVM SYSTEMS LIMITED (REGISTERED NUMBER: 10587769)

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

9. RELATED PARTY DISCLOSURES

Ultimate controlling party
The company is a wholly owned subsidiary of RVM Systems AB, a company registered in Sweden whose registered office is Torshamnsgatan 35, 164 40 Kista, Sweden. This company is in turn a wholly owned subsidiary of Färna Invest AB, a company controlled by G. Engström, also registered in Sweden.