Company registration number 08695516 (England and Wales)
RIVERSUN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
PAGES FOR FILING WITH REGISTRAR
RIVERSUN LIMITED
COMPANY INFORMATION
Director
Mr S Robins
Company number
08695516
Registered office
325-327 Oldfield Lane North
Greenford
Middlesex
UB6 0FX
Accountants
Landau Morley LLP
325-327 Oldfield Lane North
Greenford
Middlesex
UB6 0FX
RIVERSUN LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
RIVERSUN LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2022
30 September 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
5,505
5,906
Current assets
Debtors
4
64,109
-
0
Cash at bank and in hand
160,689
373,393
224,798
373,393
Creditors: amounts falling due within one year
Loans and overdrafts
10,925
10,925
Taxation and social security
-
0
(89)
Other creditors
5
255,019
318,100
265,944
328,936
Net current (liabilities)/assets
(41,146)
44,457
Total assets less current liabilities
(35,641)
50,363
Creditors: amounts falling due after more than one year
6
(26,870)
(36,689)
Net (liabilities)/assets
(62,511)
13,674
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(62,611)
13,574
Total equity
(62,511)
13,674

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

RIVERSUN LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2022
30 September 2022
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 30 September 2023
Mr S Robins
Director
Company Registration No. 08695516
RIVERSUN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
- 3 -
1
Accounting policies
Company information

Riversun Limited is a private company limited by shares incorporated in England and Wales. The registered office is 325-327 Oldfield Lane North, Greenford, Middlesex, UB6 0FX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Going concern

The accounts have been prepared on a going concern basis as support has been arranged to enable the company to pay its debts as they fall due.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% on reducing balance
Computers
15% on reducing balance
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. .

1.9
Taxation

The tax expense represents the sum of the tax currently payable.

RIVERSUN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2022
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.10
Employee benefits

These financial statements for the year ended 30 September 2022 are the first financial statements of Riversun Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 October 2020. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

These financial statements for the year ended 30 September 2022 are the first financial statements of Riversun Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 October 2020. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

1.11
Retirement benefits

These financial statements for the year ended 30 September 2022 are the first financial statements of Riversun Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 October 2020. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

1.12
Government grants

Government grants relates to the Furlough claims received during the year due to Covid -19.

 

 

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees
2022
2021
Number
Number
Total
3
3
RIVERSUN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2022
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2021
11,664
Additions
642
At 30 September 2022
12,306
Depreciation and impairment
At 1 October 2021
5,758
Depreciation charged in the year
1,043
At 30 September 2022
6,801
Carrying amount
At 30 September 2022
5,505
At 30 September 2021
5,906
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Other debtors
64,109
-
0
5
Other creditors falling due within one year
2022
2021
£
£
Trade creditors
183,857
220,177
Other creditors
3,104
15,200
Accruals and deferred income
68,058
82,723
255,019
318,100
6
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
26,870
36,689
7
Directors' transactions

Dividends totalling £0 (2021 - £11,000) were paid in the year in respect of shares held by the company's directors.

2022-09-302021-10-01false30 September 2023CCH SoftwareCCH Accounts Production 2023.100No description of principal activityMr S Robins086955162021-10-012022-09-3008695516bus:Director12021-10-012022-09-3008695516bus:RegisteredOffice2021-10-012022-09-30086955162022-09-30086955162021-09-3008695516core:OtherPropertyPlantEquipment2022-09-3008695516core:OtherPropertyPlantEquipment2021-09-3008695516core:CurrentFinancialInstruments2022-09-3008695516core:CurrentFinancialInstruments2021-09-3008695516core:CurrentFinancialInstrumentscore:WithinOneYear2022-09-3008695516core:CurrentFinancialInstrumentscore:WithinOneYear2021-09-3008695516core:Non-currentFinancialInstrumentscore:AfterOneYear2022-09-3008695516core:Non-currentFinancialInstrumentscore:AfterOneYear2021-09-3008695516core:ShareCapital2022-09-3008695516core:ShareCapital2021-09-3008695516core:RetainedEarningsAccumulatedLosses2022-09-3008695516core:RetainedEarningsAccumulatedLosses2021-09-3008695516core:FurnitureFittings2021-10-012022-09-3008695516core:ComputerEquipment2021-10-012022-09-30086955162020-10-012021-09-3008695516core:OtherPropertyPlantEquipment2021-09-3008695516core:OtherPropertyPlantEquipment2021-10-012022-09-300869551612022-09-300869551622022-09-3008695516core:Non-currentFinancialInstruments2022-09-3008695516core:Non-currentFinancialInstruments2021-09-3008695516bus:PrivateLimitedCompanyLtd2021-10-012022-09-3008695516bus:SmallCompaniesRegimeForAccounts2021-10-012022-09-3008695516bus:FRS1022021-10-012022-09-3008695516bus:AuditExemptWithAccountantsReport2021-10-012022-09-3008695516bus:FullAccounts2021-10-012022-09-30xbrli:purexbrli:sharesiso4217:GBP