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Registered number: 10327275
REVM Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10327275
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,064 29,524
3,064 29,524
CURRENT ASSETS
Debtors 5 104,340 81,978
Cash at bank and in hand 123,937 143,883
228,277 225,861
Creditors: Amounts Falling Due Within One Year 6 (68,524 ) (84,057 )
NET CURRENT ASSETS (LIABILITIES) 159,753 141,804
TOTAL ASSETS LESS CURRENT LIABILITIES 162,817 171,328
Creditors: Amounts Falling Due After More Than One Year 7 (16,500 ) (49,631 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (766 ) (7,381 )
NET ASSETS 145,551 114,316
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 145,541 114,306
SHAREHOLDERS' FUNDS 145,551 114,316
Page 1
Page 2
For the year ending 31 August 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
C A Davies
Director
20 March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
REVM Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10327275 . The registered office is C/O BWBCA Limited Office 44, A30 Business Centre, Okehampton, Devon, EX20 1BG.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes and is recognised on a work done basis.
2.3. 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:
Plant & Machinery 25% on cost
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on cost
Computer Equipment 33% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
2.6. 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 years 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 assets reflect 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.
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Page 4
3. Average Number of Employees
Average number of employees during the year was: 1 (2023: NIL)
1 -
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 1,220 50,995 2,811 7,428 62,454
Additions 833 - 1,871 - 2,704
Disposals - (50,995 ) - - (50,995 )
As at 31 August 2024 2,053 - 4,682 7,428 14,163
Depreciation
As at 1 September 2023 1,220 22,907 2,571 6,232 32,930
Provided during the period - - 496 580 1,076
Disposals - (22,907 ) - - (22,907 )
As at 31 August 2024 1,220 - 3,067 6,812 11,099
Net Book Value
As at 31 August 2024 833 - 1,615 616 3,064
As at 1 September 2023 - 28,088 240 1,196 29,524
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 17,154 59,786
Other debtors 87,186 22,192
104,340 81,978
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 8,154
Trade creditors 1,490 3,121
Bank loans and overdrafts 8,500 11,666
Other creditors 109 -
Taxation and social security 58,425 61,116
68,524 84,057
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 27,131
Bank loans 16,500 22,500
16,500 49,631
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Page 5
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 8,154
Later than one year and not later than five years - 27,131
- 35,285
- 35,285
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
9 Ordinary A shares of £ 1.00 each 9 9
1 Ordinary B shares of £ 1.00 each 1 1
10 10
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023
Amounts advanced
Amounts repaid
Amounts written off
As at 31 August 2024
£
£
£
£
£
C Davies & S Newman
21,735
image
144,235
image
79,345
image
-
image
86,625
image
The above loan is unsecured and repayable on demand. Interest has been charged on overdrawn loan account balances at the approved HM Revenue & Customs rate. 
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