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Registered number: 00972285
R.G.V. ENGINEERING (NETHERAVON) LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31/05/2025
Prepared By:
Lynham & Co
Chartered Accountants
9 Hampton Lane
Blackfield
Southampton
Hampshire
SO45 1ZA

R.G.V. ENGINEERING (NETHERAVON) LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/05/2025
DIRECTORS
D J Burke
M V Chalke
M Maggs
L F Marsh (Resigned - 30/04/2024)
N M Chalke (Appointed - 09/04/2024)
SECRETARY
D J Burke
REGISTERED OFFICE
Old Brewery Works
High Street, Netheravon
Salisbury
Wiltshire
SP4 9PQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 00972285
ACCOUNTANTS
Lynham & Co
Chartered Accountants
9 Hampton Lane
Blackfield
Southampton
Hampshire
SO45 1ZA

R.G.V. ENGINEERING (NETHERAVON) LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/05/2025
CONTENTS |  |
|  | Page
Directors' Report |  | -
Accountants' Report |  | -
Statement Of Comprehensive Income |  | -
Balance Sheet |  | 3
Notes To The Accounts |  | 5
The following do not form part of the statutory financial statements: |  |
Trading And Profit And Loss Account |  | -
Profit And Loss Account Summaries |  | -

R.G.V. ENGINEERING (NETHERAVON) LIMITED

BALANCE SHEET AT 31/05/2025
|  |  |  |  |  | 2025 |  |  |  | 2024
|  | Notes |  |  |  | £ |  |  |  | £
FIXED ASSETS |  |  |  |  |  |  |  |  |  |
Tangible assets |  | 3 |  |  |  | 622,640 |  |  |  | 220,745
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |
Stock |  |  |  | 7,500 |  |  |  | 7,500 |  |
Debtors |  | 5 |  | 334,991 |  |  |  | 357,068 |  |
Cash at bank and in hand |  |  |  | 564,927 |  |  |  | 788,867 |  |
|  |  |  | 907,418 |  |  |  | 1,153,435 |  |
CREDITORS: Amounts falling due within one year |  | 6 |  | 338,631 |  |  |  | 282,551 |  |
NET CURRENT ASSETS |  |  |  |  |  | 568,787 |  |  |  | 870,884
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  |  |  |  | 1,191,427 |  |  |  | 1,091,629
CREDITORS: Amounts falling due after more than one year |  | 7 |  |  |  | 8,606 |  |  |  | -
PROVISIONS FOR LIABILITIES AND CHARGES |  | 8 |  |  |  | 35,715 |  |  |  | 19,781
NET ASSETS |  |  |  |  |  | 1,147,106 |  |  |  | 1,071,848
CAPITAL AND RESERVES |  |  |  |  |  |  |  |  |  |
Called up share capital |  | 9 |  |  |  | 920 |  |  |  | 920
Revaluation reserve |  | 1f,10 |  |  |  | 50,220 |  |  |  | -
Other reserves |  | 11 |  |  |  | 20,080 |  |  |  | 20,080
Profit and loss account |  |  |  |  |  | 1,075,886 |  |  |  | 1,050,848
SHAREHOLDERS' FUNDS |  |  |  |  |  | 1,147,106 |  |  |  | 1,071,848

R.G.V. ENGINEERING (NETHERAVON) LIMITED

BALANCE SHEET AT 31/05/2025
For the year ending 31/05/2025 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 02/12/2025 and signed on their behalf by
.............................
D J Burke
Director
.............................
M V Chalke
Director

R.G.V. ENGINEERING (NETHERAVON) LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2025

1. ACCOUNTING POLICIES

1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation |  |
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildings |  | straight line 1%
Plant and Machinery |  | reducing balance 25%
Commercial Vehicles |  | reducing balance 25%
Equipment |  | reducing balance 25%

1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

1e. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.

1f. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 10).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.

R.G.V. ENGINEERING (NETHERAVON) LIMITED

1g. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

2. EMPLOYEES |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | No. |  | No.
Average number of employees |  |  |  | 28 |  | 27

3. TANGIBLE FIXED ASSETS |  |  |  |  |  |  |  |  |  |
|  | Land And |  | Plant and |  | Commercial |  |  |  |
|  | Buildings |  | Machinery |  | Vehicles |  | Equipment |  | Total
|  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |
At 01/06/2024 |  | 153,939 |  | 51,259 |  | 136,844 |  | 50,787 |  | 392,829
Additions |  | 338,160 |  | 3,763 |  | 34,500 |  | 2,225 |  | 378,648
Disposals |  | - |  | - |  | (12,800) |  | - |  | (12,800)
Revaluation |  | 37,901 |  | - |  | - |  | - |  | 37,901
At 31/05/2025 |  | 530,000 |  | 55,022 |  | 158,544 |  | 53,012 |  | 796,578
Depreciation |  |  |  |  |  |  |  |  |  |
At 01/06/2024 |  | 12,319 |  | 40,354 |  | 77,254 |  | 42,157 |  | 172,084
Disposals |  | - |  | - |  | (10,560) |  | - |  | (10,560)
Revaluation |  | (12,319) |  | - |  | - |  | - |  | (12,319)
For the year |  | - |  | 3,328 |  | 18,345 |  | 3,060 |  | 24,733
At 31/05/2025 |  | - |  | 43,682 |  | 85,039 |  | 45,217 |  | 173,938
Net Book Amounts |  |  |  |  |  |  |  |  |  |
At 31/05/2025 |  | 530,000 |  | 11,340 |  | 73,505 |  | 7,795 |  | 622,640
At 31/05/2024 |  | 141,620 |  | 10,905 |  | 59,590 |  | 8,630 |  | 220,745
The carrying value of commercial vehicles includes £17,390 (2024 - £2,255) of assets held under finance arrangements. |  |  |

4. STOCK |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Stock comprises: |  |  |  |  |  |
Stock |  |  |  | 7,500 |  | 7,500
|  |  |  | 7,500 |  | 7,500

R.G.V. ENGINEERING (NETHERAVON) LIMITED

5. DEBTORS |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Amounts falling due within one year |  |  |  |  |  |
Trade debtors |  |  |  | 235,587 |  | 287,174
Other debtors |  |  |  | 41,261 |  | 17,448
Amounts due from group companies |  |  |  | 28,219 |  | 28,219
Prepayments |  |  |  | 29,924 |  | 24,227
|  |  |  | 334,991 |  | 357,068

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
UK corporation tax |  |  |  | 7,859 |  | 33,208
Other taxation and social security |  |  |  | 32,785 |  | 26,972
Directors current accounts |  |  |  | 221 |  | 221
Hire purchase |  |  |  | 3,750 |  | 536
Trade creditors |  |  |  | 279,252 |  | 208,536
Other creditors |  |  |  | 12,614 |  | 11,083
Accruals |  |  |  | 2,150 |  | 1,995
|  |  |  | 338,631 |  | 282,551

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Hire purchase |  |  |  | 8,606 |  | -
|  |  |  | 8,606 |  | -

8. PROVISIONS FOR LIABILITIES |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Deferred taxation |  |  |  | 35,715 |  | 19,781
|  |  |  | 35,715 |  | 19,781

R.G.V. ENGINEERING (NETHERAVON) LIMITED

9. SHARE CAPITAL |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Allotted, issued and fully paid: |  |  |  |  |  |
920 Ordinary shares of £1.00 each |  |  |  | 920 |  | 920
|  |  |  | 920 |  | 920

10. REVALUATION RESERVE |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Fair value reserve |  |  |  | 50,220 |  | -
|  |  |  | 50,220 |  | -

11. OTHER RESERVES |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Other reserves |  |  |  | 20,080 |  | 20,080
|  |  |  | 20,080 |  | 20,080

12. CONTROLLING PARTY
The immediate controlling party is B&C Enterprises (Wiltshire) Limited. The company is a wholly owned subsidiary of B&C Enterprises (Wiltshire) Limited, a company incorporated in the United Kingdom. B&C Enterprises (Wiltshire) Limited is the ultimate parent company and the director, Mr D J Burke, is the majority shareholder of the parent company. The ultimate controlling party is Mr D J Burke.

13. RELATED PARTY TRANSACTIONS
The company has taken advantage of the exemptions in FRS102 from disclosing transactions with other members of the group.
Two of the directors had interests in transactions with another business. The sums involved were overhead expenses of £21,550 (2024 - £13,600).

14. OPERATING LEASE COMMITMENTS
At the year end, the company had annual commitments of £27,362 (2024 - £27,362) under non cancellable operating leases.