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Company Registration No. 10423090 (England and Wales)
Riversland Technologies Ltd Unaudited accounts for the year ended 31 October 2023
Riversland Technologies Ltd Unaudited accounts Contents
Page
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Riversland Technologies Ltd Company Information for the year ended 31 October 2023
Director
Raihan Kabir
Company Number
10423090 (England and Wales)
Registered Office
Suites 11 Chantal House, 13-17 High Beech Road Loughton Essex IG10 4BN United Kingdom
Accountants
NRV Tax Ltd Suites 12 & 13 Chantal House 13-17 High Beech Road Loughton IG10 4BN
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Riversland Technologies Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
710 
946 
Current assets
Inventories
17,550 
19,550 
Debtors
3,880 
1,984 
Cash at bank and in hand
3,161 
12,126 
24,591 
33,660 
Creditors: amounts falling due within one year
(12,973)
(31,214)
Net current assets
11,618 
2,446 
Total assets less current liabilities
12,328 
3,392 
Creditors: amounts falling due after more than one year
(29,005)
(34,213)
Net liabilities
(16,677)
(30,821)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(16,687)
(30,831)
Shareholders' funds
(16,677)
(30,821)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 July 2024 and were signed on its behalf by
Raihan Kabir Director Company Registration No. 10423090
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Riversland Technologies Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Riversland Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 10423090. The registered office is Suites 11, Chantal House, 13-17 High Beech Road, Loughton, Essex, IG10 4BN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Reducing Balance method at 25%
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2022
2,387 
At 31 October 2023
2,387 
Depreciation
At 1 November 2022
1,441 
Charge for the year
236 
At 31 October 2023
1,677 
Net book value
At 31 October 2023
710 
At 31 October 2022
946 
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Riversland Technologies Ltd Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,213 
1,317 
Other debtors
667 
667 
3,880 
1,984 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
4,298 
936 
Taxes and social security
364 
834 
Other creditors
(1,798)
2,039 
Loans from directors
10,109 
27,405 
12,973 
31,214 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
29,005 
34,213 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £0.10 each
10 
10 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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