REGISTERED NUMBER: 10587769 (England and Wales)

RVM SYSTEMS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

N. Engstrom

Mrs C. Marshall

SECRETARY:

N. Engstrom

REGISTERED OFFICE:

21 Lodge Lane

Grays

Essex

RM17 5RY

REGISTERED NUMBER:

10587769 (England and Wales)

AUDITORS:

CR Bland Baker Limited

Chartered Accountants and

Statutory Auditor

21 Lodge Lane

Grays

Essex

RM17 5RY

FIXED ASSETS

Tangible assets

4

25,003

220,796

CURRENT ASSETS

Stocks

42,201

983,543

Debtors

5

20,682

53,218

Cash at bank

29,627

73,940

92,510

1,110,701

CREDITORS

Amounts falling due within one year

6

718,688

1,647,041

NET CURRENT LIABILITIES

(626,178

)

(536,340

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(601,175

)

(315,544

)

CREDITORS

Amounts falling due after more than one year

7

1,743,845

1,472,393

NET LIABILITIES

(2,345,020

)

(1,787,937

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(2,345,021

)

(1,787,938

)

SHAREHOLDERS' FUNDS

(2,345,020

)

(1,787,937

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2025 and were signed on its behalf by:

Mrs C. Marshall - Director

N. Engstrom - Director

1.	STATUTORY INFORMATION

RVM Systems 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.

The financial statements have been prepared on a going concern basis as the parent company, RVM Systems AB, has undertaken to make funds available so as to enable the company to meet its liabilities as they fall due.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

Straight line over 15 years

Property improvements

-

Straight line over 15 years

Hire stock

-

15% on reducing balance

Plant, machinery and office equipment

-

20% on reducing balance

Furniture and fixtures

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 2 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2024

128,547

175,072

303,619

Additions

-

188

188

Disposals

(128,547

)

(129,248

)

(257,795

)

At 30 April 2025

-

46,012

46,012

DEPRECIATION

At 1 May 2024

25,017

57,806

82,823

Charge for year

4,993

15,262

20,255

Eliminated on disposal

(30,010

)

(52,059

)

(82,069

)

At 30 April 2025

-

21,009

21,009

NET BOOK VALUE

At 30 April 2025

-

25,003

25,003

At 30 April 2024

103,530

117,266

220,796

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,506

42,455

Other debtors

10,176

10,763

20,682

53,218

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

699,899

1,623,050

Taxation and social security

3,189

3,675

Other creditors

15,600

20,316

718,688

1,647,041

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

1,743,845

1,472,393

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven James Garrod FCA (Senior Statutory Auditor)

for and on behalf of CR Bland Baker Limited

9.	RELATED PARTY DISCLOSURES

Ultimate controlling party

The company is a wholly owned subsidiary of RVM Systems AB, a company registered in Sweden whose registered office is Torshamnsgatan 35, 164 40 Kista, Sweden. This company is in turn a wholly owned subsidiary of Färna Invest AB, a company controlled by G. Engström, also registered in Sweden.