Acorah Software Products - Accounts Production 16.3.350 false true 25 May 2023 26 May 2022 false 26 May 2023 31 August 2024 31 August 2024 06022834 Mr Richard Soper Mr Richard Soper iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06022834 2023-05-25 06022834 2024-08-31 06022834 2023-05-26 2024-08-31 06022834 frs-core:CurrentFinancialInstruments 2024-08-31 06022834 frs-core:Non-currentFinancialInstruments 2024-08-31 06022834 frs-core:BetweenOneFiveYears 2024-08-31 06022834 frs-core:ComputerEquipment 2024-08-31 06022834 frs-core:ComputerEquipment 2023-05-26 2024-08-31 06022834 frs-core:ComputerEquipment 2023-05-25 06022834 frs-core:FurnitureFittings 2024-08-31 06022834 frs-core:FurnitureFittings 2023-05-26 2024-08-31 06022834 frs-core:FurnitureFittings 2023-05-25 06022834 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 06022834 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-26 2024-08-31 06022834 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-25 06022834 frs-core:MotorVehicles 2024-08-31 06022834 frs-core:MotorVehicles 2023-05-26 2024-08-31 06022834 frs-core:MotorVehicles 2023-05-25 06022834 frs-core:PlantMachinery 2024-08-31 06022834 frs-core:PlantMachinery 2023-05-26 2024-08-31 06022834 frs-core:PlantMachinery 2023-05-25 06022834 frs-core:WithinOneYear 2024-08-31 06022834 frs-core:ShareCapital 2024-08-31 06022834 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 06022834 frs-bus:PrivateLimitedCompanyLtd 2023-05-26 2024-08-31 06022834 frs-bus:FilletedAccounts 2023-05-26 2024-08-31 06022834 frs-bus:SmallEntities 2023-05-26 2024-08-31 06022834 frs-bus:AuditExempt-NoAccountantsReport 2023-05-26 2024-08-31 06022834 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-26 2024-08-31 06022834 frs-bus:Director1 2023-05-26 2024-08-31 06022834 frs-bus:CompanySecretary1 2023-05-26 2024-08-31 06022834 frs-countries:EnglandWales 2023-05-26 2024-08-31 06022834 2022-05-25 06022834 2023-05-25 06022834 2022-05-26 2023-05-25 06022834 frs-core:CurrentFinancialInstruments 2023-05-25 06022834 frs-core:Non-currentFinancialInstruments 2023-05-25 06022834 frs-core:BetweenOneFiveYears 2023-05-25 06022834 frs-core:WithinOneYear 2023-05-25 06022834 frs-core:ShareCapital 2023-05-25 06022834 frs-core:RetainedEarningsAccumulatedLosses 2023-05-25
Registered number: 06022834
RSV Van Hire Limited
Unaudited Financial Statements
For the Period 26 May 2023 to 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06022834
31 August 2024 25 May 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,794,461 1,626,375
1,794,461 1,626,375
CURRENT ASSETS
Stocks 5 181,013 125,586
Debtors 6 492,996 409,256
Cash at bank and in hand 276,190 131,126
950,199 665,968
Creditors: Amounts Falling Due Within One Year 7 (782,843 ) (610,277 )
NET CURRENT ASSETS (LIABILITIES) 167,356 55,691
TOTAL ASSETS LESS CURRENT LIABILITIES 1,961,817 1,682,066
Creditors: Amounts Falling Due After More Than One Year 8 (1,121,030 ) (945,298 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (335,758 ) (241,040 )
NET ASSETS 505,029 495,728
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 504,929 495,628
SHAREHOLDERS' FUNDS 505,029 495,728
Page 1
Page 2
For the period 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Richard Soper
Director
28th May 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
RSV Van Hire Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06022834 . The registered office is 115 Cleveland Street, Hull, HU8 7AU.
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, 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.
2.3. 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:
Freehold 2% on reducing balance
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 33% on reducing balance
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. 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.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 7 (2023: 6)
7 6
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 26 May 2023 374,307 11,223 2,046,289 21,574
Additions 20,350 8,427 860,405 -
Disposals - - (438,865 ) -
As at 31 August 2024 394,657 19,650 2,467,829 21,574
Depreciation
As at 26 May 2023 43,832 7,900 766,929 11,460
Provided during the period 8,563 2,203 478,785 1,897
Disposals - - (209,720 ) -
As at 31 August 2024 52,395 10,103 1,035,994 13,357
Net Book Value
As at 31 August 2024 342,262 9,547 1,431,835 8,217
As at 26 May 2023 330,475 3,323 1,279,360 10,114
Page 4
Page 5
Computer Equipment Total
£ £
Cost
As at 26 May 2023 15,909 2,469,302
Additions 971 890,153
Disposals - (438,865 )
As at 31 August 2024 16,880 2,920,590
Depreciation
As at 26 May 2023 12,806 842,927
Provided during the period 1,474 492,922
Disposals - (209,720 )
As at 31 August 2024 14,280 1,126,129
Net Book Value
As at 31 August 2024 2,600 1,794,461
As at 26 May 2023 3,103 1,626,375
5. Stocks
31 August 2024 25 May 2023
£ £
Stock 181,013 125,586
6. Debtors
31 August 2024 25 May 2023
£ £
Due within one year
Trade debtors 297,588 237,654
Prepayments and accrued income - 30,475
Other debtors 653 6,424
VAT 5,291 48,457
Amounts owed by other participating interests 189,464 86,246
492,996 409,256
7. Creditors: Amounts Falling Due Within One Year
31 August 2024 25 May 2023
£ £
Net obligations under finance lease and hire purchase contracts 530,722 424,139
Trade creditors 219,710 154,480
Bank loans and overdrafts 10,000 10,000
Other loans 10,146 10,146
Other taxes and social security 3,308 3,876
...CONTINUED
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Other creditors 6,336 4,702
Accruals and deferred income 2,450 2,450
Director's loan account 171 484
782,843 610,277
8. Creditors: Amounts Falling Due After More Than One Year
31 August 2024 25 May 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,060,789 855,130
Bank loans 10,239 20,000
Other loans 50,002 70,168
1,121,030 945,298
9. Obligations Under Finance Leases and Hire Purchase
31 August 2024 25 May 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 530,722 424,139
Later than one year and not later than five years 1,060,789 855,130
1,591,511 1,279,269
1,591,511 1,279,269
10. Share Capital
31 August 2024 25 May 2023
£ £
Allotted, Called up and fully paid 100 100
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