Acorah Software Products - Accounts Production 16.1.300 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 09888230 Mr John Yung-Hok Mr Martin Yung-Hok RVGPSI Holdings INC Registered in Canada false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09888230 2023-11-30 09888230 2024-11-30 09888230 2023-12-01 2024-11-30 09888230 frs-core:CurrentFinancialInstruments 2024-11-30 09888230 frs-core:ComputerEquipment 2024-11-30 09888230 frs-core:ComputerEquipment 2023-12-01 2024-11-30 09888230 frs-core:ComputerEquipment 2023-11-30 09888230 frs-core:FurnitureFittings 2024-11-30 09888230 frs-core:FurnitureFittings 2023-12-01 2024-11-30 09888230 frs-core:FurnitureFittings 2023-11-30 09888230 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-11-30 09888230 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 09888230 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 09888230 frs-core:MotorVehicles 2024-11-30 09888230 frs-core:MotorVehicles 2023-12-01 2024-11-30 09888230 frs-core:MotorVehicles 2023-11-30 09888230 frs-core:PlantMachinery 2024-11-30 09888230 frs-core:PlantMachinery 2023-12-01 2024-11-30 09888230 frs-core:PlantMachinery 2023-11-30 09888230 frs-core:ShareCapital 2024-11-30 09888230 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 09888230 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09888230 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 09888230 frs-bus:SmallEntities 2023-12-01 2024-11-30 09888230 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 09888230 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 09888230 1 2023-12-01 2024-11-30 09888230 frs-bus:Director1 2023-12-01 2024-11-30 09888230 frs-bus:Director1 2023-11-30 09888230 frs-bus:Director1 2024-11-30 09888230 frs-bus:Director2 2023-12-01 2024-11-30 09888230 frs-bus:Director2 2023-11-30 09888230 frs-bus:Director2 2024-11-30 09888230 frs-countries:EnglandWales 2023-12-01 2024-11-30 09888230 2022-11-30 09888230 2023-11-30 09888230 2022-12-01 2023-11-30 09888230 frs-core:CurrentFinancialInstruments 2023-11-30 09888230 frs-core:ShareCapital 2023-11-30 09888230 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 09888230
Rvg Distribution Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Revis & Co Accountancy Services Ltd
AAT
1st Floor 50 High Street
Cosham
Portsmouth
Hampshire
PO6 3AG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09888230
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 43,286 53,070
43,286 53,070
CURRENT ASSETS
Stocks 5 - 279,496
Debtors 6 64,862 60,613
Cash at bank and in hand 119,579 178,432
184,441 518,541
Creditors: Amounts Falling Due Within One Year 7 (47,078 ) (207,011 )
NET CURRENT ASSETS (LIABILITIES) 137,363 311,530
TOTAL ASSETS LESS CURRENT LIABILITIES 180,649 364,600
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,022 ) (6,418 )
NET ASSETS 175,627 358,182
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 175,527 358,082
SHAREHOLDERS' FUNDS 175,627 358,182
Page 1
Page 2
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Martin Yung-Hok
Director
14/03/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rvg Distribution Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09888230 . The registered office is 1st Floor , 50 High Street, Cosham, Hampshire, PO6 3AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10 Years Straight Line
Plant & Machinery 15% Cost
Motor Vehicles 15% Cost
Fixtures & Fittings 15% Cost
Computer Equipment 15% Cost
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration - 1
Sales, marketing and distribution 2 6
2 7
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 December 2023 25,000 8,066 6,848 36,422
Additions - 145 - -
Disposals - (100 ) (6,848 ) (356 )
As at 30 November 2024 25,000 8,111 - 36,066
Depreciation
As at 1 December 2023 5,707 4,063 4,465 11,835
Provided during the period 2,437 194 - 4,065
Disposals - (28 ) (4,466 ) (227 )
As at 30 November 2024 8,144 4,229 (1 ) 15,673
Net Book Value
As at 30 November 2024 16,856 3,882 1 20,393
As at 1 December 2023 19,293 4,003 2,383 24,587
Page 4
Page 5
Computer Equipment Total
£ £
Cost
As at 1 December 2023 4,277 80,613
Additions - 145
Disposals (441 ) (7,745 )
As at 30 November 2024 3,836 73,013
Depreciation
As at 1 December 2023 1,473 27,543
Provided during the period 380 7,076
Disposals (171 ) (4,892 )
As at 30 November 2024 1,682 29,727
Net Book Value
As at 30 November 2024 2,154 43,286
As at 1 December 2023 2,804 53,070
5. Stocks
2024 2023
£ £
Materials - 279,496
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 22 7,525
Prepayments and accrued income 75 9,841
Other debtors 17,196 17,196
Corporation tax recoverable assets 226 8
Directors' loan accounts 32,825 634
Amounts owed by other participating interests 14,518 25,409
64,862 60,613
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,135 76,312
Other taxes and social security 1,970 6,709
VAT 43,973 42,701
Other creditors - 617
Payments on account - 80,672
47,078 207,011
Page 5
Page 6
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2023 Amounts advanced Amounts repaid Amounts written off As at 30 November 2024
£ £ £ £ £
Mr John Yung-Hok 253 875 - - 1,128
Mr Martin Yung-Hok 380 31,316 - - 31,696
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
During the year RVG Distribution Ltd made the following payments to Pacific Smoke International ltd 
Stock £64,319.96
11. Controlling Party
The company's controlling party is RVGPSI Holdings INC Registered in Canada by virtue of their ownership of 80% of the issued share capital in the company.
Page 6