Accounts filed on 31-01-2022

Accounts filed on 31-01-2022

REVOLVER MARKETING LIMITED - Company Information

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2313914falsethe design and marketing of telephone cases,cycle accessories and plastic display products2021-02-012022-01-31http://www.companieshouse.gov.uk/2021-01-31http://www.companieshouse.gov.uk/pt:PlantMachinery2021-01-31http://www.companieshouse.gov.uk/pt:ShareCapital2021-01-31http://www.companieshouse.gov.uk/cd:Director12021-02-012022-01-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2021-01-31http://www.companieshouse.gov.uk/pt:PlantMachinery2022-01-31http://www.companieshouse.gov.uk/pt:SharePremium2021-01-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-01-31http://www.companieshouse.gov.uk/cd:Director22021-02-012022-01-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2021-01-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2022-01-31http://www.companieshouse.gov.uk/pt:CapitalRedemptionReserve2021-01-31http://www.companieshouse.gov.uk/pt:SharePremium2022-01-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-01-31http://www.companieshouse.gov.uk/pt:CapitalRedemptionReserve2022-01-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12021-02-012022-01-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2021-02-012022-01-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2021-02-012022-01-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-01-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2021-01-31http://www.companieshouse.gov.uk/2021-02-012022-01-31http://www.companieshouse.gov.uk/2021-01-31http://www.companieshouse.gov.uk/cd:FRS1022021-02-012022-01-31http://www.companieshouse.gov.uk/2022-01-31http://www.companieshouse.gov.uk/cd:FullAccounts2021-02-012022-01-31http://www.companieshouse.gov.uk/pt:LandBuildings2021-01-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2021-02-012022-01-31http://www.companieshouse.gov.uk/pt:LandBuildings2022-01-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 2313914
Revolver Marketing Limited
ACCOUNTS
FOR THE YEAR ENDED 31/01/2022
Prepared By:
Frank Gartland Limited
6 Torland Road
Plymouth
PL3 5TS
Revolver Marketing Limited
ACCOUNTS
FOR THE YEAR ENDED 31/01/2022
DIRECTORS
S K Barnett
L Barnett
SECRETARY
S K Barnett
REGISTERED OFFICE
Liberty House
Ashleigh Way, Smithaleigh
Plymouth
PL7 5AX
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 2313914
BANKERS
Barclays Bank plc,Cliftonville, Northampton NN1 5BE
SOLICITORS
E M Law, Seckloe House, 101 North 13th Street,Central Milton Keynes MK9 3NU
ACCOUNTANTS
Frank Gartland Limited
6 Torland Road
Plymouth
PL3 5TS
Revolver Marketing Limited
ACCOUNTS
FOR THEYEARENDED31/01/2022
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Revolver Marketing Limited
BALANCE SHEET AT 31/01/2022
20222021
Notes££
FIXED ASSETS
Tangible assets21,570,2901,602,733
CURRENT ASSETS
Debtors3195,936185,488
Cash at bank and in hand300,344285,592
496,280471,080
CREDITORS: Amounts falling due within one year4149,426131,290
NET CURRENT ASSETS346,854339,790
TOTAL ASSETS LESS CURRENT LIABILITIES1,917,1441,942,523
CREDITORS: Amounts falling due after more than one year5196,534268,855
PROVISIONS FOR LIABILITIES AND CHARGES770,75071,300
NET ASSETS1,649,8601,602,368
CAPITAL AND RESERVES
Called up share capital8150150
Share premium account9102,723102,723
Revaluation reserve1c,10940,024940,024
Capital redemption reserve11150150
Profit and loss account606,813559,321
SHAREHOLDERS' FUNDS1,649,8601,602,368
For the year ending 31/01/2022 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 31/10/2022 and signed on their behalf by
.............................
S K Barnett
Director
Revolver Marketing Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2022
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
Tangible assets are shown at historical cost,less accumulated depreciation. Land & Buildings are stated at cost (or deemed cost for Land & Buildings held at valuation at the date of transition to FRS102) less accumulated depreciation. The company previuosly adopted a policy of revaluing Land & buildings and they were stated at their revalued amount. The company has adopted the transitional exemption under FRS 102 paragraph 35.10 (d) and has elected to use the previous valuation as deemed cost.The difference between depreciation based on the deemed cost charged in the profit and loss account and the asset's original cost is transferred from the revaluation reserve to retained earnings.
Land is not depreciated.Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
Land And Buildingsstraight line2%
Plant And Machinerystraight line33.3%
Commercial Vehiclesstraight line25%
Fixtures And Fittingsstraight line20%
1c. 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 note10).
1d. Leasing Commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.
Revolver Marketing Limited
1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
Deferred tax is provided on revalued property in accordance with FRS102.
2. TANGIBLE FIXED ASSETS
Land AndPlant andCommercialFixtures
BuildingsMachineryVehiclesand FittingsTotal
£££££
Cost
At 01/02/20211,750,705111,11828,31527,1431,917,281
Additions2,8755,030--7,905
At 31/01/20221,753,580116,14828,31527,1431,925,186
Depreciation
At 01/02/2021161,110111,11815,90826,412314,548
For the year32,2801,6776,20318840,348
At 31/01/2022193,390112,79522,11126,600354,896
Net Book Amounts
At 31/01/20221,560,1903,3536,2045431,570,290
At 31/01/20211,589,595-12,4077311,602,733
Included in Land and Buildings is Land with a cost of £139,600 (2021 £139,600) which is not depreciated
3. DEBTORS 20222021
££
Amounts falling due within one year
Trade debtors58,72562,101
Other debtors101,88186,609
Other debtors28,56428,564
Directors current account6,766-
195,936177,274
Revolver Marketing Limited
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
UK corporation tax19,30013,100
VAT17,99016,721
Directors current account-3,459
Bank Loan10,00010,000
Trade creditors13,01916,693
Other creditors39,64237,842
Pension schemes48,00032,000
Accruals1,4751,475
149,426131,290
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20222021
££
Bank loans (unsecured) >1yr32,54740,000
Pension schemes >1yr163,987228,855
196,534268,855
6. EMPLOYEES
20222021
No.No.
Average number of employees11
7. PROVISIONS FOR LIABILITIES 20222021
££
Deferred taxation70,75071,300
70,75071,300
Revolver Marketing Limited
8. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
150 Class 1 shares of £1 each150150
150150
9. SHARE PREMIUM ACCOUNT 20222021
££
Share premium account102,723102,723
10. REVALUATION RESERVE 20222021
££
Revaluation reserve940,024940,024
940,024940,024
11. OTHER RESERVES 20222021
££
Capital redemption reserve150150
150150
12. RELATED PARTY TRANSACTIONS
The company is controlled by S K Barnett. He is a Trustee of the Revolver Marketing Limited Pension Scheme.At the year end £211,987 (2021 £260,855) was owed to the scheme. The loan is secured,has annual repayments and carries interest at 1.5 % over base rate,
The company is owed £87,335 (2021 £86,609) by a company controlled by S K Barnett .In addition the company is owed £28,564 (2021 £28,564) by another related company. The loans are interest free and repayable on demand.