IRIS Accounts Production v23.2.0.158 04559966 Board of Directors 1.2.22 31.1.23 31.1.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045599662022-01-31045599662023-01-31045599662022-02-012023-01-31045599662021-01-31045599662021-02-012022-01-31045599662022-01-3104559966ns10:Originalns15:EnglandWales2022-02-012023-01-3104559966ns14:PoundSterlingns10:Original2022-02-012023-01-3104559966ns10:Originalns10:Director12022-02-012023-01-3104559966ns10:Original2022-02-012023-01-3104559966ns10:Original2023-01-3104559966ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-3104559966ns10:Originalns10:SmallEntities2022-02-012023-01-3104559966ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-3104559966ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3104559966ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-3104559966ns10:Originalns10:FullAccounts2022-02-012023-01-3104559966ns10:Originalns10:Director22022-02-012023-01-3104559966ns10:CompanySecretary1ns10:Original2022-02-012023-01-3104559966ns10:Originalns10:RegisteredOffice2022-02-012023-01-3104559966ns10:Original2022-01-3104559966ns10:Originalns5:CurrentFinancialInstruments2023-01-3104559966ns10:Originalns5:CurrentFinancialInstruments2022-01-3104559966ns10:Originalns5:Non-currentFinancialInstruments2023-01-3104559966ns10:Originalns5:Non-currentFinancialInstruments2022-01-3104559966ns5:ShareCapitalns10:Original2023-01-3104559966ns5:ShareCapitalns10:Original2022-01-3104559966ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-3104559966ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3104559966ns10:Originalns5:LeaseholdImprovements2022-02-012023-01-3104559966ns10:Originalns5:PlantMachinery2022-02-012023-01-3104559966ns10:Originalns5:MotorVehicles2022-02-012023-01-3104559966ns10:Originalns5:ComputerEquipment2022-02-012023-01-3104559966ns10:Original2021-02-012022-01-3104559966ns10:Originalns5:LeaseholdImprovements2022-01-3104559966ns10:Originalns5:PlantMachinery2022-01-3104559966ns10:Originalns5:MotorVehicles2022-01-3104559966ns10:Originalns5:ComputerEquipment2022-01-3104559966ns10:Original2022-01-3104559966ns10:Originalns5:LeaseholdImprovements2023-01-3104559966ns10:Originalns5:PlantMachinery2023-01-3104559966ns10:Originalns5:MotorVehicles2023-01-3104559966ns10:Originalns5:ComputerEquipment2023-01-3104559966ns10:Originalns5:LeaseholdImprovements2022-01-3104559966ns10:Originalns5:PlantMachinery2022-01-3104559966ns10:Originalns5:MotorVehicles2022-01-3104559966ns10:Originalns5:ComputerEquipment2022-01-3104559966ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3104559966ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-31
REGISTERED NUMBER: 04559966 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2023

for

RIVERSIDE ENGINEERING (SUFFOLK) LIMITED

RIVERSIDE ENGINEERING (SUFFOLK) LIMITED (Registered number: 04559966)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RIVERSIDE ENGINEERING (SUFFOLK) LIMITED

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mr C Bloomfield
Mr A F Last





SECRETARY: Mr C Bloomfield





REGISTERED OFFICE: Unit 7 Riverside View
Ind Est
Wickham Market
WOODBRIDGE
Suffolk
IP13 0TA





REGISTERED NUMBER: 04559966 (England and Wales)





ACCOUNTANTS: Turner & Ellerby
Chartered Certified Accountants
5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ

RIVERSIDE ENGINEERING (SUFFOLK) LIMITED (Registered number: 04559966)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,923 19,445

CURRENT ASSETS
Stocks 5 20,000 26,050
Debtors 6 131,913 148,411
Cash at bank 90,230 60,178
242,143 234,639
CREDITORS
Amounts falling due within one year 7 121,786 122,864
NET CURRENT ASSETS 120,357 111,775
TOTAL ASSETS LESS CURRENT
LIABILITIES

135,280

131,220

CREDITORS
Amounts falling due after more than one
year

8

(21,807

)

(34,376

)

PROVISIONS FOR LIABILITIES (3,663 ) (3,663 )
NET ASSETS 109,810 93,181

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 109,807 93,178
SHAREHOLDERS' FUNDS 109,810 93,181

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RIVERSIDE ENGINEERING (SUFFOLK) LIMITED (Registered number: 04559966)

Balance Sheet - continued
31 January 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:





Mr C Bloomfield - Director


RIVERSIDE ENGINEERING (SUFFOLK) LIMITED (Registered number: 04559966)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

RIVERSIDE ENGINEERING (SUFFOLK) LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - At varying rates

Stocks
Stocks and unbilled sales contracts are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

RIVERSIDE ENGINEERING (SUFFOLK) LIMITED (Registered number: 04559966)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution workplace pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022
and 31 January 2023 2,500 83,020 19,905 4,146 109,571
DEPRECIATION
At 1 February 2022 2,500 77,437 7,165 3,024 90,126
Charge for year - 1,117 2,548 857 4,522
At 31 January 2023 2,500 78,554 9,713 3,881 94,648
NET BOOK VALUE
At 31 January 2023 - 4,466 10,192 265 14,923
At 31 January 2022 - 5,583 12,740 1,122 19,445

5. STOCKS
2023 2022
£    £   
Stocks 20,000 21,350
Unbilled sales contracts - 4,700
20,000 26,050

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 130,275 137,121
Recoverable S455 tax 933 933
PAYE overpaid - 7,049
Prepayments 705 3,308
131,913 148,411

RIVERSIDE ENGINEERING (SUFFOLK) LIMITED (Registered number: 04559966)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 12,500 12,500
Trade creditors 64,555 71,186
Tax 16,184 9,137
Social security and other taxes 390 7,651
VAT 11,188 2,475
Other creditors 6,648 6,832
Directors' current accounts 6,779 6,862
Accrued expenses 3,542 6,221
121,786 122,864

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Government CBILS loan
(via Funding Circle) 12,500 12,500
Government CBILS loan
(via Funding Circle) 9,307 12,500
Government CBILS loan
(via Funding Circle) - 9,376
21,807 34,376

Amounts falling due in more than five years:

Repayable by instalments
Government CBILS loan
(via Funding Circle) - 9,376
- 9,376