Company Registration No. 05755617 (England and Wales)
Revinter Limited
Unaudited accounts
for the year ended 31 March 2023
Revinter Limited
Unaudited accounts
Contents
Revinter Limited
Company Information
for the year ended 31 March 2023
Company Number
05755617 (England and Wales)
Registered Office
17 GAINSBORO GARDENS
SUDBURY HILL
GREENFORD
MIDDLESEX
UB6 0JG
Accountants
Utopians Accountants
49 Highview
Pinner
Middlesex
HA5 3PE
Revinter Limited
Statement of financial position
as at 31 March 2023
Tangible assets
4,323
17,483
Cash at bank and in hand
5,392
18,262
Creditors: amounts falling due within one year
(2,786)
(7,979)
Net current assets
2,856
18,874
Total assets less current liabilities
7,413
36,591
Creditors: amounts falling due after more than one year
-
(1,792)
Called up share capital
100
100
Profit and loss account
7,313
34,699
Shareholders' funds
7,413
34,799
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 November 2023 and were signed on its behalf by
Wan Sin Choi
Director
Company Registration No. 05755617
Revinter Limited
Notes to the Accounts
for the year ended 31 March 2023
Revinter Limited is a private company, limited by shares, registered in England and Wales, registration number 05755617. The registered office is 17 GAINSBORO GARDENS, SUDBURY HILL, GREENFORD, MIDDLESEX, UB6 0JG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
10% Reducing Balance
Computer equipment
20% Reducing Balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Revinter Limited
Notes to the Accounts
for the year ended 31 March 2023
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
21,241
16,960
14,225
1,500
53,926
Disposals
(8,000)
-
(5,000)
(160)
(13,160)
At 31 March 2023
13,241
16,960
9,225
1,340
40,766
At 1 April 2022
11,057
15,349
8,697
1,340
36,443
At 31 March 2023
11,057
15,349
8,697
1,340
36,443
At 31 March 2023
2,184
1,611
528
-
4,323
At 31 March 2022
10,184
1,611
5,528
160
17,483
Amounts falling due within one year
Accrued income and prepayments
-
137
Revinter Limited
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
2,786
3,601
Taxes and social security
-
2,707
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
-
1,792
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Average number of employees
During the year the average number of employees was 3 (2022: 3).