REGISTERED NUMBER: 01688988 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ACVR SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr RJC Bowyer

Mr G Hale

REGISTERED OFFICE:

Unit 40

Coalcart Road

Birstall

Leicestershire

LE4 3BY

REGISTERED NUMBER:

01688988 (England and Wales)

FIXED ASSETS

Tangible assets

4

554,596

391,114

CURRENT ASSETS

Stocks

5

7,500

7,500

Debtors

6

3,625,903

4,005,559

Cash at bank and in hand

1,123,041

912,061

4,756,444

4,925,120

CREDITORS

Amounts falling due within one year

7

1,076,912

1,985,784

NET CURRENT ASSETS

3,679,532

2,939,336

TOTAL ASSETS LESS CURRENT LIABILITIES

4,234,128

3,330,450

CREDITORS

Amounts falling due after more than one year

8

(178,962

)

(129,031

)

PROVISIONS FOR LIABILITIES

(60,649

)

(74,399

)

NET ASSETS

3,994,517

3,127,020

CAPITAL AND RESERVES

Called up share capital

200

200

Share premium

76,980

76,980

Retained earnings

3,917,337

3,049,840

SHAREHOLDERS' FUNDS

3,994,517

3,127,020

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

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

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 14 August 2025 and were signed on its behalf by:

Mr RJC Bowyer - Director

1.	STATUTORY INFORMATION

ACVR Services 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

Revenue comprises the fair value of the sale of goods and services excluding value added taxes and represents net invoice.

The company supplies goods and services under standard terms and conditions. In all cases, revenue is recognised when the risks and rewards of ownership are transferred and this is defined as when the work is completed

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

over 10 years

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

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 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 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.

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.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

15,787

284,605

493,163

793,555

Additions

-

35,811

322,150

357,961

Disposals

-

(5,000

)

(53,272

)

(58,272

)

At 31 December 2024

15,787

315,416

762,041

1,093,244

DEPRECIATION

At 1 January 2024

10,522

167,476

224,443

402,441

Charge for year

5,265

22,191

144,194

171,650

Eliminated on disposal

-

(2,781

)

(32,662

)

(35,443

)

At 31 December 2024

15,787

186,886

335,975

538,648

NET BOOK VALUE

At 31 December 2024

-

128,530

426,066

554,596

At 31 December 2023

5,265

117,129

268,720

391,114

5.

STOCKS

2024

2023

£

£

Stocks

7,500

7,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

910,084

1,273,259

Other debtors

2,715,819

2,732,300

3,625,903

4,005,559

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

28,802

31,547

Trade creditors

368,022

1,384,763

Amounts owed to group undertakings

187,981

196,260

Taxation and social security

439,224

344,543

Other creditors

52,883

28,671

1,076,912

1,985,784

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

178,962

129,031

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

207,764

160,578

The amounts due under hire purchase agreements are secured on the assets subject to the agreement.

10.	OTHER FINANCIAL COMMITMENTS

At the year end the company had total financial commitments under non cancellable operating leases of £32,396 (2023: £14,345).

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr RJC Bowyer

Balance outstanding at start of year

519,769

170,804

Amounts advanced

54,946

348,965

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

574,715

519,769

Mr G Hale

Balance outstanding at start of year

67,000

-

Amounts advanced

10,000

77,000

Amounts repaid

-

(10,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

77,000

67,000

The loan is interest free and repayable upon demand.

12.	RELATED PARTY DISCLOSURES

During the year the company advanced to R&E Property Lets Limited £26,000 (2023: £22,182). At the year end the amount owed by R&E Property Lets Limited was £950,136 (2023: £924,136). Mr Bowyer is a director and shareholder of both companies.

During the period the company advanced £70,197 to ACVR Service and Maintenance Limited. At the year end the amount owed by ACVR Service and Maintenance Limited was £70,197. Mr Bowyer is a director and shareholder of both companies.

13.	ULTIMATE CONTROLLING PARTY