REGISTERED NUMBER: 08439519 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Empire RV Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T R Hastie

J C Tranter

SECRETARY:

T R Hastie

REGISTERED OFFICE:

The Old Quarry

Wells Road

Emborough

Somerset

BA3 4SD

REGISTERED NUMBER:

08439519 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,118,970

2,272,955

2,118,970

2,272,955

CURRENT ASSETS

Stocks

1,620,819

1,392,851

Debtors

6

388,391

373,319

Cash at bank

63,391

132,553

2,072,601

1,898,723

CREDITORS

Amounts falling due within one year

7

1,706,328

1,708,156

NET CURRENT ASSETS

366,273

190,567

TOTAL ASSETS LESS CURRENT LIABILITIES

2,485,243

2,463,522

CREDITORS

Amounts falling due after more than one year

8

2,341,984

2,262,527

NET ASSETS

143,259

200,995

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

93,259

150,995

SHAREHOLDERS' FUNDS

143,259

200,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 2 October 2025 and were signed on its behalf by:

T R Hastie - Director

1.	STATUTORY INFORMATION

Empire RV 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 represents net invoiced sales, rentals and commission receivable on vehicles, excluding value added tax. Sales of vehicles and commission are recognised when vehicles are despatched or collected by customers. Rental income is recognised in the period to which it relates.

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.

Leasehold improvements

-

10% on straight line basis

Plant and machinery

-

12.75% and 20% straight line

Office equipment

-

25% on straight line basis

Motor vehicles

-

12.75% and 20% straight line

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

15,000

AMORTISATION

At 1 April 2024

and 31 March 2025

15,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Leasehold

Plant and

Office

Motor

improvements

machinery

equipment

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

78,620

1,255,849

18,499

1,466,298

2,819,266

Additions

18,659

-

880

-

19,539

Disposals

-

-

-

(20,000

)

(20,000

)

At 31 March 2025

97,279

1,255,849

19,379

1,446,298

2,818,805

DEPRECIATION

At 1 April 2024

75,102

175,878

15,770

279,561

546,311

Charge for year

2,257

60,997

736

91,688

155,678

Eliminated on disposal

-

-

-

(2,154

)

(2,154

)

At 31 March 2025

77,359

236,875

16,506

369,095

699,835

NET BOOK VALUE

At 31 March 2025

19,920

1,018,974

2,873

1,077,203

2,118,970

At 31 March 2024

3,518

1,079,971

2,729

1,186,737

2,272,955

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

313,824

247,038

VAT

-

20,520

Prepayments

74,567

105,761

388,391

373,319

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

191,328

304,833

Hire purchase contracts (see note 9)

481,379

503,737

Trade creditors

62,342

191,538

Social security and other taxes

5,129

8,338

VAT

75,914

-

Other creditors

751,555

557,834

Directors' current accounts

136,000

133,200

Accrued expenses

2,681

8,676

1,706,328

1,708,156

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans - 2-5 years

824,907

757,900

Hire purchase contracts (see note 9)

1,517,077

1,504,627

2,341,984

2,262,527

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

481,379

503,737

Between one and five years

1,517,077

1,504,627

1,998,456

2,008,364

Non-cancellable

operating leases

2025

2024

£

£

Within one year

151,250

165,000

Between one and five years

-

151,250

151,250

316,250

10.	RELATED PARTY DISCLOSURES

The company's directors have made loans of £136,000 (2024: £133,200) to the company. The loans bear an interest charge of 10% per annum and are repayable on demand.