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REGISTERED NUMBER: 11981806 (England and Wales)















Unaudited Financial Statements

for the Period 1 March 2025 to 31 May 2025

for

Rev Corp Ltd

Rev Corp Ltd (Registered number: 11981806)






Contents of the Financial Statements
for the Period 1 March 2025 to 31 May 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rev Corp Ltd

Company Information
for the Period 1 March 2025 to 31 May 2025







DIRECTORS: Mr R L Savage
Mr P M Savage





REGISTERED OFFICE: Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA





BUSINESS ADDRESS: Unit 3
Baytor Industrial Estate
Alders Way
Paignton
Devon
TQ4 7QJ





REGISTERED NUMBER: 11981806 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

Rev Corp Ltd (Registered number: 11981806)

Balance Sheet
31 May 2025

31.5.25 28.2.25
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,299,265 2,037,535
Investments 5 60 60
2,299,325 2,037,595

CURRENT ASSETS
Stocks 6 1,644,237 2,900,000
Debtors 7 679,363 1,414,207
Cash at bank 1,826,426 521,311
4,150,026 4,835,518
CREDITORS
Amounts falling due within one year 8 1,150,613 260,382
NET CURRENT ASSETS 2,999,413 4,575,136
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,298,738

6,612,731

CREDITORS
Amounts falling due after more than one
year

9

1,054,917

1,139,072
NET ASSETS 4,243,821 5,473,659

CAPITAL AND RESERVES
Called up share capital 11 200 200
Retained earnings 12 4,243,621 5,473,459
SHAREHOLDERS' FUNDS 4,243,821 5,473,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2025 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.

Rev Corp Ltd (Registered number: 11981806)

Balance Sheet - continued
31 May 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





Mr P M Savage - Director


Rev Corp Ltd (Registered number: 11981806)

Notes to the Financial Statements
for the Period 1 March 2025 to 31 May 2025

1. STATUTORY INFORMATION

Rev Corp 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - in accordance with the property
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

Rev Corp Ltd (Registered number: 11981806)

Notes to the Financial Statements - continued
for the Period 1 March 2025 to 31 May 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2025 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 March 2025 1,344,987 71,988 48,575 - 1,465,550
Additions 597,269 - - 375,000 972,269
At 31 May 2025 1,942,256 71,988 48,575 375,000 2,437,819
DEPRECIATION
At 1 March 2025 - 36,112 17,122 - 53,234
Charge for period - 7,175 3,145 75,000 85,320
At 31 May 2025 - 43,287 20,267 75,000 138,554
NET BOOK VALUE
At 31 May 2025 1,942,256 28,701 28,308 300,000 2,299,265
At 28 February 2025 1,344,987 35,876 31,453 - 1,412,316

The directors do not consider the freehold properties to have significantly changed in value during the year, therefore they are included above at cost price.

Rev Corp Ltd (Registered number: 11981806)

Notes to the Financial Statements - continued
for the Period 1 March 2025 to 31 May 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2025 50,400 - 50,400
Additions - 375,000 375,000
At 31 May 2025 50,400 375,000 425,400
DEPRECIATION
At 1 March 2025 24,595 - 24,595
Charge for period 5,161 75,000 80,161
At 31 May 2025 29,756 75,000 104,756
NET BOOK VALUE
At 31 May 2025 20,644 300,000 320,644
At 28 February 2025 25,805 - 25,805

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
Additions 60
At 31 May 2025 60
NET BOOK VALUE
At 31 May 2025 60

6. STOCKS
31.5.25 28.2.25
£    £   
Stocks 1,644,237 2,900,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.25 28.2.25
£    £   
Trade debtors 433,317 229,775
Other debtors 223,317 222,682
Directors' current accounts - 961,750
Prepayments 22,729 -
679,363 1,414,207

Rev Corp Ltd (Registered number: 11981806)

Notes to the Financial Statements - continued
for the Period 1 March 2025 to 31 May 2025

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.25 28.2.25
£    £   
Bank loans and overdrafts 39,307 36,022
Hire purchase contracts 65,276 8,457
Trade creditors 160,014 191,598
Corporation tax 526,144 14,705
Social security and other taxes 661 -
Company credit cards 331,962 -
Directors' current accounts 17,649 -
Accrued expenses 9,600 9,600
1,150,613 260,382

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.25 28.2.25
£    £   
Bank loans 781,279 793,544
Hire purchase contracts 273,638 345,528
1,054,917 1,139,072

10. SECURED DEBTS

The following secured debts are included within creditors:

31.5.25 28.2.25
£    £   
Bank loans 820,586 829,566
Hire purchase contracts 338,914 353,985
1,159,500 1,183,551

The bank loans are secured severally by way of fixed and floating charges and/or negative pledges on specified assets as registered at Companies House.

The hire purchase contracts are secured against the assets to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.25 28.2.25
value: £    £   
100 Ordinary "A" £1 100 100
100 Ordinary "B" £1 100 100
200 200

Rev Corp Ltd (Registered number: 11981806)

Notes to the Financial Statements - continued
for the Period 1 March 2025 to 31 May 2025

12. RESERVES
Retained
earnings
£   

At 1 March 2025 2,944,397
Profit for the period 1,539,224
Dividends (240,000 )
At 31 May 2025 4,243,621

13. RELATED PARTY DISCLOSURES

During the year the directors, Mr P M Savage and Mr R L Savage, being father and son, made net deposits to their account of £8,155. The balance on their account at 31 May 2025 was £17,649 in credit (2024 - £9,494).

Also during the year the directors received combined dividends from the company of £160,000 (2024 - £120,000).

14. ULTIMATE CONTROLLING PARTY

Mr P M Savage and Mr R L Savage together form the ultimate controlling party by virtue of their holding all of the company's issued, voting share capital.