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REGISTERED NUMBER: 07418873 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st October 2024

for

Revs Motors Limited

Revs Motors Limited (Registered number: 07418873)






Contents of the Financial Statements
for the Year Ended 31st October 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Revs Motors Limited

Company Information
for the Year Ended 31st October 2024







DIRECTORS: P J Lewis
Mrs T V A Lewis





REGISTERED OFFICE: Castle House
High Street
Ammanford
Carmarthenshire
SA18 2NB





REGISTERED NUMBER: 07418873 (England and Wales)





ACCOUNTANTS: Ashmole & Co
Chartered Certified Accountants
Castle House
High Street
Ammanford
Carmarthenshire
SA18 2NB

Revs Motors Limited (Registered number: 07418873)

Abridged Balance Sheet
31st October 2024

31.10.24 31.10.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 211,837 208,987

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 23,339 51,133
Cash at bank and in hand 661,561 710,820
685,900 762,953
CREDITORS
Amounts falling due within one year (168,387 ) (124,230 )
NET CURRENT ASSETS 517,513 638,723
TOTAL ASSETS LESS CURRENT
LIABILITIES

729,350

847,710

PROVISIONS FOR LIABILITIES (2,595 ) (3,285 )
NET ASSETS 726,755 844,425

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 726,655 844,325
SHAREHOLDERS' FUNDS 726,755 844,425

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 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.

Revs Motors Limited (Registered number: 07418873)

Abridged Balance Sheet - continued
31st October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 13th May 2025 and were signed on its behalf by:





Mrs T V A Lewis - Director


Revs Motors Limited (Registered number: 07418873)

Notes to the Financial Statements
for the Year Ended 31st October 2024

1. STATUTORY INFORMATION

Revs Motors 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, 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.
Plant and machinery - 15% on cost
Computer equipment - 20% on 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 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 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 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.

Revs Motors Limited (Registered number: 07418873)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st November 2023 260,706
Additions 6,600
At 31st October 2024 267,306
DEPRECIATION
At 1st November 2023 51,719
Charge for year 3,750
At 31st October 2024 55,469
NET BOOK VALUE
At 31st October 2024 211,837
At 31st October 2023 208,987