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RVS Engineering Limited

Registered Number
11896858
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

RVS Engineering Limited
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

Matthew Reeves
Peter Reeves
Stephen Reeves

Registered Address

1 Billing Road
Northampton
NN1 5AL

Place of Business

Rawlesmere Unit

Quinton Green Park South

Quinton Green

Northampton

NN7 2EG


Registered Number

11896858 (England and Wales)
RVS Engineering Limited
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets325,70528,669
25,70528,669
Current assets
Debtors4303,666172,362
Cash at bank and on hand68,38319,414
372,049191,776
Creditors amounts falling due within one year5(255,432)(129,865)
Net current assets (liabilities)116,61761,911
Total assets less current liabilities142,32290,580
Creditors amounts falling due after one year6(56,112)(83,273)
Provisions for liabilities7(16,098)(5,447)
Net assets70,1121,860
Capital and reserves
Called up share capital100100
Profit and loss account70,0121,760
Shareholders' funds70,1121,860
The financial statements were approved and authorised for issue by the Board of Directors on 31 July 2025, and are signed on its behalf by:
Matthew Reeves
Director
Stephen Reeves
Director

Registered Company No. 11896858
RVS Engineering Limited
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
RVS Engineering Limited is a private company limited by shares incorporated and registered in England and Wales. The registered office is 1 Billing Road, Northampton, United Kingdom, NN1 5AL.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery20-
Fixtures and fittings15-
Vehicles25-
Office Equipment-3
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
Government grants or assistance
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2.Average number of employees

20252024
Average number of employees during the year1512
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 April 2424,30919,4503,9752,76850,502
Additions3,000---3,000
At 31 March 2527,30919,4503,9752,76853,502
Depreciation and impairment
At 01 April 2412,3275,9681,4522,08621,833
Charge for year2,4472,6483784915,964
At 31 March 2514,7748,6161,8302,57727,797
Net book value
At 31 March 2512,53510,8342,14519125,705
At 31 March 2411,98213,4822,52368228,669
4.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables116,13963,599
Other debtors187,527108,763
Total303,666172,362
5.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables123,55057,188
Bank borrowings and overdrafts25,48922,294
Taxation and social security44,97812,319
Other creditors61,41538,064
Total255,432129,865
6.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts56,11283,273
Total56,11283,273
7.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)6,4265,447
Other provisions9,672-
Total16,0985,447