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
Riversland Technologies Ltd
Company Information
for the year ended 31 October 2023
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
Riversland Technologies Ltd
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
3,161
12,126
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)
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
Riversland Technologies Ltd
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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
Riversland Technologies Ltd
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
364
834
Other creditors
(1,798)
2,039
Loans from directors
10,109
27,405
7
Creditors: amounts falling due after more than one year
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).