Company Registration No. 11692503 (England and Wales)
RV Pharma Ltd
Unaudited accounts
for the year ended 30 November 2024
RV Pharma Ltd
Unaudited accounts
Contents
RV Pharma Ltd
Company Information
for the year ended 30 November 2024
Directors
Niravkumar Ramanlal Patel
Ankitabahen Niravkumar Patel
Company Number
11692503 (England and Wales)
Registered Office
4 HERRIOTTS LANE
WELLINGBOROUGH
NN8 4PT
ENGLAND
Accountants
BPACL Accountancy Services Limited
83 Cowley Hill
Borehamwood
Hertfordshire
WD6 5NA
RV Pharma Ltd
Statement of financial position
as at 30 November 2024
Intangible assets
400,000
400,000
Tangible assets
192,951
186,855
Cash at bank and in hand
71,473
90,665
Creditors: amounts falling due within one year
(318,708)
(398,400)
Net current assets
221,150
166,937
Total assets less current liabilities
814,101
753,792
Creditors: amounts falling due after more than one year
(397,868)
(428,733)
Provisions for liabilities
Deferred tax
(6,215)
(9,315)
Net assets
410,018
315,744
Called up share capital
2
2
Profit and loss account
410,016
315,742
Shareholders' funds
410,018
315,744
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2025 and were signed on its behalf by
Niravkumar Ramanlal Patel
Director
Company Registration No. 11692503
RV Pharma Ltd
Notes to the Accounts
for the year ended 30 November 2024
RV Pharma Ltd is a private company, limited by shares, registered in England and Wales, registration number 11692503. The registered office is 4 HERRIOTTS LANE, WELLINGBOROUGH, NN8 4PT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance Method
Fixtures & fittings
25% Reducing Balance Method
Intangible fixed assets (including purchased goodwill and patents) are included at cost. No amortisation provided.
4
Intangible fixed assets
Goodwill
At 1 December 2023
400,000
At 30 November 2024
400,000
At 30 November 2024
400,000
At 30 November 2023
400,000
RV Pharma Ltd
Notes to the Accounts
for the year ended 30 November 2024
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2023
149,595
56,784
17,158
223,537
Additions
-
17,356
3,192
20,548
At 30 November 2024
149,595
74,140
20,350
244,085
At 1 December 2023
-
25,236
11,446
36,682
Charge for the year
-
12,226
2,226
14,452
At 30 November 2024
-
37,462
13,672
51,134
At 30 November 2024
149,595
36,678
6,678
192,951
At 30 November 2023
149,595
31,548
5,712
186,855
Amounts falling due within one year
Trade debtors
138,587
110,256
Accrued income and prepayments
3,919
1,894
Amounts falling due after more than one year
Other debtors
283,636
304,636
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
51,081
46,752
Obligations under finance leases and hire purchase contracts
12,147
12,147
Trade creditors
130,545
147,241
Taxes and social security
34,124
26,507
Loans from directors
89,831
163,705
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
396,856
415,573
Obligations under finance leases and hire purchase contracts
1,012
13,160
RV Pharma Ltd
Notes to the Accounts
for the year ended 30 November 2024
9
Guarantees provided on behalf of directors
1. Persons entitled: Wesleyan Bank Limited
Brief description: For full details see security assignment deed. The life insurance policy provided by legal and general assurance society limited to the company insuring the life of niravkumar patel and ankitabahen patel with policy number 0230009078. Contains negative pledge.
2. Persons entitled: Wesleyan Bank Limited
Brief description: For full details see debenture deed. All the assets, property and undertaking for the time being subject to the security created by, or pursuant to the debenture deed. Contains fixed charge. Contains floating charge. Floating charge covers all the property or undertaking of the company. Contains negative pledge.
3. Persons entitled: Wesleyan Bank Limited
Brief description: 4 herriotts lane wellingborough NN8 4PT. Contains fixed charge. Contains floating charge. Floating charge covers all the property or undertaking of the company.
10
Average number of employees
During the year the average number of employees was 8 (2023: 8).