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REGISTERED NUMBER: 01474133 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

RIVERSIDE MOTORS (SELBY) LIMITED

RIVERSIDE MOTORS (SELBY) LIMITED (Registered number: 01474133)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RIVERSIDE MOTORS (SELBY) LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: M C DAWSON





SECRETARY: M DAWSON





REGISTERED OFFICE: THE MALTINGS
MALT KILN YARD
SELBY
YO8 8BL





REGISTERED NUMBER: 01474133 (England and Wales)





ACCOUNTANTS: David Lacey & Co
Chartered Certified Accountants
Castlegate House
Castlegate
York
YO1 9RP

RIVERSIDE MOTORS (SELBY) LIMITED (Registered number: 01474133)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 250 250

CURRENT ASSETS
Stocks 850 850
Debtors 5 - 1,560
Cash in hand 100 (390 )
950 2,020
CREDITORS
Amounts falling due within one year 6 154,888 150,147
NET CURRENT LIABILITIES (153,938 ) (148,127 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(153,688

)

(147,877

)

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Retained earnings (157,688 ) (151,877 )
SHAREHOLDERS' FUNDS (153,688 ) (147,877 )

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

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

The director acknowledges her 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.

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 director and authorised for issue on 16 April 2024 and were signed by:





M DAWSON - Director


RIVERSIDE MOTORS (SELBY) LIMITED (Registered number: 01474133)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

RIVERSIDE MOTORS (SELBY) 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.

The director provides the day to day working capital required by the company.

The director has stated that she intends to support the company for a period of at least twelve months from the date of signing of the balance sheet.

On that basis, the director considers it appropriate to prepare the financial statements on the going concern basis. No provision has been made for any adjustment which might be necessary if the director withdrew her support.

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.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

RIVERSIDE MOTORS (SELBY) LIMITED (Registered number: 01474133)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2022
and 31 March 2023 49,541
DEPRECIATION
At 1 April 2022
and 31 March 2023 49,291
NET BOOK VALUE
At 31 March 2023 250
At 31 March 2022 250

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Trade debtors - 1,560

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Bank loans and overdrafts 9,069 9,634
Trade creditors 1,100 949
Taxation and social security 3,659 3,659
Other creditors 141,060 135,905
154,888 150,147