Registered number
07310758
River Horse (Europe) Limited
Report and Accounts
30 June 2023
River Horse (Europe) Limited
Report to the directors on the preparation of the unaudited statutory accounts of River Horse (Europe) Limited for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of River Horse (Europe) Limited for the year ended 30 June 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
25 September 2023
River Horse (Europe) Limited
Registered number: 07310758
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 6,729 8,345
Current assets
Stocks 186,524 76,460
Debtors 4 4,892 43,968
Cash at bank and in hand 31,565 97,751
222,981 218,179
Creditors: amounts falling due within one year 5 (201,409) (192,984)
Net current assets 21,572 25,195
Net assets 28,301 33,540
Capital and reserves
Called up share capital 500 500
Profit and loss account 27,801 33,040
Shareholders' funds 28,301 33,540
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Cavatore
Director
Approved by the board on 25 September 2023
River Horse (Europe) Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value, net of discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 18,965
At 30 June 2023 18,965
Depreciation
At 1 July 2022 10,620
Charge for the year 1,616
At 30 June 2023 12,236
Net book value 6,729
At 30 June 2023 6,729
At 30 June 2022 8,345
4 Debtors 2023 2022
£ £
Trade debtors 4,392 43,468
Other debtors 500 500
4,892 43,968
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 6,474 26,221
Other taxes and social security costs 3,055 (29,024)
Other creditors 191,880 195,787
201,409 192,984
6 Other information
River Horse (Europe) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Castle Cavendish Enterprise Centre
63 - 67 St. Peters Street
Nottingham
NG7 3EN
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