RIVER RECORDINGS LIMITED

Company Registration Number:
03055993 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2022

Period of accounts

Start date: 01 June 2021

End date: 31 May 2022

RIVER RECORDINGS LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2022

Balance sheet
Notes

RIVER RECORDINGS LIMITED

Balance sheet

As at 31 May 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 363,510 365,740
Total fixed assets: 363,510 365,740
Current assets
Stocks: 526,117 625,016
Debtors:   205,069 144,195
Cash at bank and in hand: 436,830 487,658
Total current assets: 1,168,016 1,256,869
Creditors: amounts falling due within one year:   (217,862) (243,046)
Net current assets (liabilities): 950,154 1,013,823
Total assets less current liabilities: 1,313,664 1,379,563
Creditors: amounts falling due after more than one year: 4   (76,870)
Total net assets (liabilities): 1,313,664 1,302,693
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,313,564 1,302,593
Shareholders funds: 1,313,664 1,302,693

The notes form part of these financial statements

RIVER RECORDINGS LIMITED

Balance sheet statements

For the year ending 31 May 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 August 2022
and signed on behalf of the board by:

Name: Joel Monger
Status: Director

The notes form part of these financial statements

RIVER RECORDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 25% on reducing balance

Valuation and information policy

Stocks and work in progress are valued at the lower of costs and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads

RIVER RECORDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2022

2. Employees

2022 2021
Average number of employees during the period 5 5

RIVER RECORDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2022

3. Tangible Assets

Total
Cost £
At 01 June 2021 490,373
Additions 2,127
At 31 May 2022 492,500
Depreciation
At 01 June 2021 124,633
Charge for year 4,357
At 31 May 2022 128,990
Net book value
At 31 May 2022 363,510
At 31 May 2021 365,740

RIVER RECORDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2022

4. Creditors: amounts falling due after more than one year note

The bank overdraft is secured by a charge over the land & buildings owed by the company.