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REGISTERED NUMBER: 13288026 (England and Wales)






RVC Electrical Limited

Financial Statements

for the Year Ended 30 April 2024






RVC Electrical Limited (Registered number: 13288026)

Contents of the Financial Statements
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RVC Electrical Limited

Company Information
for the year ended 30 April 2024







DIRECTOR: Mr R V Crewe





REGISTERED OFFICE: Office 3
291 Wakefield Road
Lepton
Huddersfield
West Yorkshire
HD8 0EL





REGISTERED NUMBER: 13288026 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

RVC Electrical Limited (Registered number: 13288026)

Balance Sheet
30 April 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 13,491 19,851

CURRENT ASSETS
Stocks 350 500
Debtors 5 37,207 63,017
Cash at bank 35,124 25,860
72,681 89,377
CREDITORS
Amounts falling due within one year 6 67,015 67,937
NET CURRENT ASSETS 5,666 21,440
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,157

41,291

CREDITORS
Amounts falling due after more than one year 7 - (5,059 )

PROVISIONS FOR LIABILITIES (2,309 ) (3,287 )
NET ASSETS 16,848 32,945

RVC Electrical Limited (Registered number: 13288026)

Balance Sheet - continued
30 April 2024

2024 2023
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 16,847 32,944
SHAREHOLDERS' FUNDS 16,848 32,945

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 January 2025 and were signed by:





Mr R V Crewe - Director


RVC Electrical Limited (Registered number: 13288026)

Notes to the Financial Statements
for the year ended 30 April 2024


1. STATUTORY INFORMATION

RVC Electrical 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.

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 is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, excluding discounts, rebates, value added tax and other taxes.

Revenue from the sale of goods is recognised when the risks and rewards of ownership have passed to the buyer. Revenue from services are recognised when the service has been provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

Fixed assets are initially recorded at cost.

Government grants
Grants received are accounted for as they fall due and are included within other operating income.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


RVC Electrical Limited (Registered number: 13288026)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates an auto-enrolment pension scheme on behalf of its employees and makes contributions into the scheme. Contributions payable to this 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 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 May 2023 899 25,977 1,357 28,233
Additions - - 733 733
At 30 April 2024 899 25,977 2,090 28,966
DEPRECIATION
At 1 May 2023 298 7,572 512 8,382
Charge for year 180 6,495 418 7,093
At 30 April 2024 478 14,067 930 15,475
NET BOOK VALUE
At 30 April 2024 421 11,910 1,160 13,491
At 30 April 2023 601 18,405 845 19,851

RVC Electrical Limited (Registered number: 13288026)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 34,365 52,108
Other debtors - 100
Directors' current accounts - 8,900
Prepayments and accrued income 2,842 1,909
37,207 63,017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 4,885 4,569
Trade creditors 20,747 42,968
Tax 10,204 5,017
Social security and other taxes 5,621 523
VAT 10,104 7,363
Other creditors 10,511 4,972
Directors' current accounts 2,418 -
Accruals and deferred income 2,525 2,525
67,015 67,937

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans - 1-2 years - 5,059

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 9,364 9,364
Between one and five years 5,810 19,644
15,174 29,008

RVC Electrical Limited (Registered number: 13288026)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 4,885 9,628

The bank loan is secured by a personal guarantee given by the Director.

10. CALLED UP SHARE CAPITAL

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

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£ £
Mr R V Crewe
Balance outstanding at start of year 8,900 -
Amounts advanced - 40,900
Amounts repaid (8,900 ) (32,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 8,900