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REGISTERED NUMBER: 06616468 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 June 2024

for

RV Shipping Ltd

RV Shipping Ltd (Registered number: 06616468)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RV Shipping Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M Pickering
J N Tebay
B D F Walker





REGISTERED OFFICE: 12 Wilkinson Business Park
Clywedog Road
Wrexham Industrial Estate
Wrexham
Clwyd
LL13 9AE





REGISTERED NUMBER: 06616468 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

RV Shipping Ltd (Registered number: 06616468)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 673,505 75,705

CURRENT ASSETS
Work in progress 300,000 88,013
Debtors 5 676,767 590,558
Cash at bank 175,379 644,465
1,152,146 1,323,036
CREDITORS
Amounts falling due within one year 6 1,165,741 1,264,056
NET CURRENT (LIABILITIES)/ASSETS (13,595 ) 58,980
TOTAL ASSETS LESS CURRENT
LIABILITIES

659,910

134,685

CREDITORS
Amounts falling due after more than one
year

7

(399,443

)

(107,084

)

PROVISIONS FOR LIABILITIES (79,313 ) (18,926 )
NET ASSETS 181,154 8,675

CAPITAL AND RESERVES
Called up share capital 1,450 1,450
Fair value reserve 9 147,779 -
Retained earnings 31,925 7,225
181,154 8,675

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RV Shipping Ltd (Registered number: 06616468)

Balance Sheet - continued
30 June 2024


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 5 December 2024 and were signed on its behalf by:




M Pickering - Director



B D F Walker - Director


RV Shipping Ltd (Registered number: 06616468)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

RV Shipping Ltd 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 as modified by the revaluation of certain assets.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

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.
Plant and machinery etc - 25% on reducing balance and 10% on reducing balance

Work in progress
Work in progress represents services undertaken and completed but not billed at the year end date. Work in progress is valued at its full selling price.

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 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.

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

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.

RV Shipping Ltd (Registered number: 06616468)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 July 2023 - 103,810 103,810
Additions 362,961 68,489 431,450
Disposals - (18,206 ) (18,206 )
Revaluations 197,039 - 197,039
At 30 June 2024 560,000 154,093 714,093
DEPRECIATION
At 1 July 2023 - 28,105 28,105
Charge for year - 22,530 22,530
Eliminated on disposal - (10,047 ) (10,047 )
At 30 June 2024 - 40,588 40,588
NET BOOK VALUE
At 30 June 2024 560,000 113,505 673,505
At 30 June 2023 - 75,705 75,705

Cost or valuation at 30 June 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 197,039 - 197,039
Cost 362,961 154,093 517,054
560,000 154,093 714,093

Freehold property is included at its open market value at the year end date, as valued by the directors of the company.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 482,759 562,177
Other debtors 194,008 28,381
676,767 590,558

RV Shipping Ltd (Registered number: 06616468)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 134,844 62,882
Hire purchase contracts 20,902 10,282
Trade creditors 690,020 1,011,859
Taxation and social security 210,612 153,788
Other creditors 109,363 25,245
1,165,741 1,264,056

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 353,113 76,630
Hire purchase contracts 46,330 30,454
399,443 107,084

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 214,632 -

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 418,494 117,490
Hire purchase contracts 67,232 40,736
485,726 158,226

Bank loans are secured by charges over the freehold property of the company and by fixed and floating charges over assets of the company. Hire purchase creditors are secured by the assets to which they relate.

9. RESERVES
Fair
value
reserve
£   
Revalution 147,779

At 30 June 2024 147,779

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30/6/24 Directors of the company owed the company £100,000 in respect of interest free loans which are repayable on demand. These loans will be repaid in full on or before 31/3/25.