REGISTERED NUMBER: 06751725 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

RS Panels SVV Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J R Smith

SECRETARY:

R A Smith

REGISTERED OFFICE:

Kelsey Close

Attleborough Fields Industrial Estate

Nuneaton

Warwickshire

CV11 6RS

REGISTERED NUMBER:

06751725 (England and Wales)

ACCOUNTANTS:

Gopsall Services Limited

First Floor

7 Marina Court

Maple Drive

Hinckley

LE10 3BF

FIXED ASSETS

Intangible assets

4

-

3,500

Tangible assets

5

137,817

122,140

137,817

125,640

CURRENT ASSETS

Stocks

6

147,810

150,000

Debtors

7

88,172

96,773

Cash at bank

485,824

190,147

721,806

436,920

CREDITORS

Amounts falling due within one year

8

176,006

60,900

NET CURRENT ASSETS

545,800

376,020

TOTAL ASSETS LESS CURRENT LIABILITIES

683,617

501,660

CREDITORS

Amounts falling due after more than one year

9

(4,416

)

(14,815

)

PROVISIONS FOR LIABILITIES

(30,712

)

(24,509

)

NET ASSETS

648,489

462,336

CAPITAL AND RESERVES

Called up share capital

11

101

101

Share premium

12

260

260

Retained earnings

12

648,128

461,975

SHAREHOLDERS' FUNDS

648,489

462,336

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 director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2025 and were signed by:

J R Smith - Director

1.	STATUTORY INFORMATION

RS Panels SVV 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc at 10% and 25% reducing balance.

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 Profit and Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

50,000

AMORTISATION

At 1 January 2024

46,500

Charge for year

3,500

At 31 December 2024

50,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

3,500

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

82,168

174,299

93,755

101,033

451,255

Additions

-

-

709

43,348

44,057

At 31 December 2024

82,168

174,299

94,464

144,381

495,312

DEPRECIATION

At 1 January 2024

44,898

155,851

79,169

49,197

329,115

Charge for year

3,727

4,612

3,647

16,394

28,380

At 31 December 2024

48,625

160,463

82,816

65,591

357,495

NET BOOK VALUE

At 31 December 2024

33,543

13,836

11,648

78,790

137,817

At 31 December 2023

37,270

18,448

14,586

51,836

122,140

6.

STOCKS

31.12.24

31.12.23

£

£

Stock and work in progress

147,810

150,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

55,306

66,052

Other debtors

6,950

5,753

Prepayments

25,916

24,968

88,172

96,773

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,396

10,136

Trade creditors

7,903

8,998

Tax

102,692

15,861

Social security and other taxes

8,815

8,508

VAT

17,824

4,511

Other creditors

6,812

6,211

Directors' current accounts

21

516

Accrued expenses

21,543

6,159

176,006

60,900

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

4,416

10,395

Bank loans - 2-5 years

-

4,420

4,416

14,815

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

14,812

24,951

The bank has a fixed and floating charge over the company's entire assets.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

1

100

100

1

Ordinary B

1

1

1

101

101

12.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2024

461,975

260

462,235

Profit for the year

308,636

308,636

Dividends

(122,483

)

(122,483

)

At 31 December 2024

648,128

260

648,388

13.	ULTIMATE CONTROLLING PARTY

The controlling party is J R Smith.