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REGISTERED NUMBER: 06999624 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2024

for

Revenue Essentials Limited

Revenue Essentials Limited (Registered number: 06999624)

Contents of the Financial Statements

for the Year Ended 31 August 2024

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

Revenue Essentials Limited

Company Information

for the Year Ended 31 August 2024

| DIRECTOR: | Mr M Scott

| REGISTERED OFFICE: | The Clock House, Mount Pleasant Farm

| Seven Mile Lane

| Tonbridge

| Kent

| TN12 5NE

| REGISTERED NUMBER: | 06999624 (England and Wales)

| ACCOUNTANT: | L. A. Horsfall

| Lonicera

| Rhododendron Avenue

| Meopham

| Kent

| DA13 0TT

Revenue Essentials Limited (Registered number: 06999624)

Statement of Financial Position

31 August 2024

| 31.8.24 | 31.8.23 |

| Notes | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 48,202 |  | 63,097 |  |

CURRENT ASSETS

Stocks | 47,010 |  | 53,087 |  |

Debtors | 5 | 1,368,022 |  | 904,477 |  |

Cash at bank and in hand | 70,813 |  | 139,821 |  |

1,485,845 |  | 1,097,385 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,267,492 |  | 889,137 |  |

NET CURRENT ASSETS | 218,353 |  | 208,248 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 266,555 |  | 271,345 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (11,518 | ) | (25,371 | ) |

PROVISIONS FOR LIABILITIES | (9,158 | ) | (11,988 | ) |

NET ASSETS | 245,879 |  | 233,986 |  |

CAPITAL AND RESERVES

Called up share capital | 240 |  | 240 |  |

Retained earnings | 245,639 |  | 233,746 |  |

245,879 |  | 233,986 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Revenue Essentials Limited (Registered number: 06999624)

Statement of Financial Position - continued

31 August 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 director and authorised for issue on 23 May 2025 and were signed by:

Mr M Scott - Director

Revenue Essentials Limited (Registered number: 06999624)

Notes to the Financial Statements

for the Year Ended 31 August 2024

1. | STATUTORY INFORMATION

| Revenue Essentials 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 measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

| Depreciation

| 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 20% on reducing balance

| 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 only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

| 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.

Revenue Essentials Limited (Registered number: 06999624)

Notes to the Financial Statements - continued

for the Year Ended 31 August 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.

| 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.

| Tangible fixed assets

| Tangible fixed assets are initially measured at cost and subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

| Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

| An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Revenue Essentials Limited (Registered number: 06999624)

Notes to the Financial Statements - continued

for the Year Ended 31 August 2024

2. | ACCOUNTING POLICIES - continued

| Impairment of fixed assets

| A review for indicators of impairments carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

| For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

| For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

| Provisions

| Provisions are recognised when the company has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2023 - 7 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 September 2023 | 176,518 |  |

| Additions | 1,032 |  |

| At 31 August 2024 | 177,550 |  |

| DEPRECIATION

| At 1 September 2023 | 113,421 |  |

| Charge for year | 15,927 |  |

| At 31 August 2024 | 129,348 |  |

| NET BOOK VALUE

| At 31 August 2024 | 48,202 |  |

| At 31 August 2023 | 63,097 |  |

Revenue Essentials Limited (Registered number: 06999624)

Notes to the Financial Statements - continued

for the Year Ended 31 August 2024

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.8.24 |  | 31.8.23

£ | £ |

| Trade debtors | 1,343,708 |  | 837,128 |  |

| Other debtors | 24,314 |  | 67,349 |  |

1,368,022 |  | 904,477 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.8.24 |  | 31.8.23

£ | £ |

| Bank loans and overdrafts | 13,826 |  | 13,799 |  |

| Trade creditors | 194,910 |  | 270,801 |  |

| Taxation and social security | 285,510 |  | 181,954 |  |

| Other creditors | 773,246 |  | 422,583 |  |

1,267,492 |  | 889,137 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.8.24 |  | 31.8.23

£ | £ |

| Bank loans | 11,518 |  | 25,371 |  |