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REGISTERED NUMBER: 04066950 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST JULY 2023

FOR

RIVERSIDE TRAINING LIMITED

RIVERSIDE TRAINING LIMITED (REGISTERED NUMBER: 04066950)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


RIVERSIDE TRAINING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







Director: Mrs J M Preston





Registered office: 4-6 St Martins Street
Hereford
HR2 7RE





Registered number: 04066950 (England and Wales)

RIVERSIDE TRAINING LIMITED (REGISTERED NUMBER: 04066950)

BALANCE SHEET
31ST JULY 2023

31.7.23 31.7.22
Notes £ £ £ £
Fixed assets
Tangible assets 4 98,123 102,018

Current assets
Debtors 5 541,445 525,733
Cash at bank and in hand 74,109 25
615,554 525,758
Creditors
Amounts falling due within one year 6 323,922 352,598
Net current assets 291,632 173,160
Total assets less current liabilities 389,755 275,178

Creditors
Amounts falling due after more than one
year

7

-

(26,439

)

Provisions for liabilities 8 - (1,700 )
Net assets 389,755 247,039

Capital and reserves
Called up share capital 9 1,000 1,000
Retained earnings 388,755 246,039
Shareholders' funds 389,755 247,039

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

RIVERSIDE TRAINING LIMITED (REGISTERED NUMBER: 04066950)

BALANCE SHEET - continued
31ST JULY 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th March 2024 and were signed by:





Mrs J M Preston - Director


RIVERSIDE TRAINING LIMITED (REGISTERED NUMBER: 04066950)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023


1. Statutory information

Riverside Training 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
The turnover, all of which arises in the U.K., represents net invoiced sales, excluding value added tax.

Tangible fixed assets
Tangible fixed assets are stated in the Balance Sheet at cost less depreciation.
Depreciation is provided at the following rates on the straight line method in order to write off each asset over its estimated useful life:

Office equipment15%
Computer equipment25% - 33%
Motor vehicles25%

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 TRAINING LIMITED (REGISTERED NUMBER: 04066950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


2. Accounting policies - continued

Hire purchase & operating leases
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

The cost of operating leases is charged to the profit and loss account on a straight line basis over the lease term.

Pension contributions
Contributions to the company's money purchase pension scheme are charged in the year in which they are paid.

RIVERSIDE TRAINING LIMITED (REGISTERED NUMBER: 04066950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all of the risks and rewards of the ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.




RIVERSIDE TRAINING LIMITED (REGISTERED NUMBER: 04066950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


2. Accounting policies - continued

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducing all of its liabilities.
Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans, loans from fellow group companies and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities
Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

3. Employees (including officers)

The average number of employees during the year was 46 (2022 - 39 ) .

4. Tangible fixed assets
Computer Office Motor
equipment equipment vehicles Totals
£ £ £ £
Cost
At 1st August 2022 84,596 20,289 88,000 192,885
Additions 20,014 1,965 91,500 113,479
Disposals (14,701 ) (7,723 ) (88,000 ) (110,424 )
At 31st July 2023 89,909 14,531 91,500 195,940
Depreciation
At 1st August 2022 55,796 13,071 22,000 90,867
Charge for year 26,270 2,229 44,875 73,374
Eliminated on disposal (14,701 ) (7,723 ) (44,000 ) (66,424 )
At 31st July 2023 67,365 7,577 22,875 97,817
Net book value
At 31st July 2023 22,544 6,954 68,625 98,123
At 31st July 2022 28,800 7,218 66,000 102,018

RIVERSIDE TRAINING LIMITED (REGISTERED NUMBER: 04066950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


4. Tangible fixed assets - continued

The net book value of tangible fixed assets includes £NIL (2022 - £ 66,000 ) in respect of assets held under hire purchase contracts.

5. Debtors: amounts falling due within one year
31.7.23 31.7.22
£ £
Trade debtors 236,809 224,084
Owed from related undertakings 175,900 171,121
Other debtors 119,434 125,754
VAT 9,302 4,774
541,445 525,733

6. Creditors: amounts falling due within one year
31.7.23 31.7.22
£ £
Bank loans & overdrafts - 10,792
Hire purchase contracts - 19,100
Trade creditors 133,557 132,311
Corporation tax 51,100 9,600
Social security & other tax 31,431 26,193
Other creditors 32,113 53,008
Owed to related undertakings 36,962 41,382
Directors' loan accounts 38,759 60,212
323,922 352,598

7. Creditors: amounts falling due after more than one year
31.7.23 31.7.22
£ £
Hire purchase contracts - 26,439

8. Provisions for liabilities
31.7.23 31.7.22
£ £
Deferred tax - 1,700

Deferred tax
£
Balance at 1st August 2022 1,700
Utilised during year (1,700 )
Balance at 31st July 2023 -

RIVERSIDE TRAINING LIMITED (REGISTERED NUMBER: 04066950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


8. Provisions for liabilities - continued

The unprovided deferred tax asset amounted to £4,200.

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £ £
900 A Ordinary shares £1 900 900
100 B Ordinary shares £1 100 100
1,000 1,000

10. Contingent liabilities & lease commitments

There were no contingent liabilities or lease commitments as at 31st July 2023.

11. Directors' advances, credits and guarantees

The Directors

During the year, the directors used a current account with the company to record amounts due to them and amounts drawn by them. The balance at the year end was £38,759 (2022: £60,212) owed by the company.

The company was charged £32,562 for rent of the company's offices by the director, Mrs J Preston (2022: £32,562).

12. Related party disclosures

The following transactions with related parties, on normal commercial terms, took place during the year:


Rent Loans repaidBalance debtorBalance creditor
£ £ £ £
Significant influence
entities

10,300

9,199

175,900

36,962