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REGISTERED NUMBER: 07080397 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

RIVER MANUFACTURING LIMITED

RIVER MANUFACTURING LIMITED (REGISTERED NUMBER: 07080397)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RIVER MANUFACTURING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: B M Yaseen
P Newbury





REGISTERED OFFICE: 61-63 Windmill Road
Sunbury-on-Thames
Middlesex
TW16 7DT





REGISTERED NUMBER: 07080397 (England and Wales)





ACCOUNTANTS: Wells Associates
Ground Floor Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS

RIVER MANUFACTURING LIMITED (REGISTERED NUMBER: 07080397)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 100,512 114,086
100,512 114,086

CURRENT ASSETS
Inventories 97,330 76,974
Debtors 6 406,949 655,249
Cash at bank and in hand 81,538 55,374
585,817 787,597
CREDITORS
Amounts falling due within one year 7 (245,546 ) (381,531 )
NET CURRENT ASSETS 340,271 406,066
TOTAL ASSETS LESS CURRENT
LIABILITIES

440,783

520,152

CREDITORS
Amounts falling due after more than one
year

8

(474,503

)

(143,596

)

PROVISIONS FOR LIABILITIES (16,949 ) (19,087 )
NET (LIABILITIES)/ASSETS (50,669 ) 357,469

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (60,669 ) 347,469
(50,669 ) 357,469

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RIVER MANUFACTURING LIMITED (REGISTERED NUMBER: 07080397)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





B M Yaseen - Director


RIVER MANUFACTURING LIMITED (REGISTERED NUMBER: 07080397)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

River Manufacturing 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
Turnover is measured at fair value of the consideration received or receivable for the sale of goods, excluding value added tax. This is recognised when the significant risks and rewards of ownership for the goods has transferred to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under finance lease, over the lease term, whichever is the shorter.

Plant & machinery - at varying rates on cost
Improvements to property - over the lease term
Motor vehicles - 33.33% on cost
Office equipment - 33.33% on cost

On disposal, the difference between net proceeds and the carrying amount of the item sold is recognised in the profit and loss account.

Stocks
Stock and work in progress are valued at the lower of cost and net realisable value. Cost of finished goods and work in progress includes overheads appropriate to the stage of manufacture. Net realisable value is based upon estimated selling price less further costs expected to be incurred to completion. Provision is made 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

RIVER MANUFACTURING LIMITED (REGISTERED NUMBER: 07080397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 8,500
AMORTISATION
At 1 December 2022
and 30 November 2023 8,500
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Improvements
to Plant and Office Motor
property machinery Equipment vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 69,013 272,188 49,971 20,697 411,869
Additions 5,518 13,518 2,199 - 21,235
At 30 November 2023 74,531 285,706 52,170 20,697 433,104
DEPRECIATION
At 1 December 2022 27,961 203,512 45,613 20,697 297,783
Charge for year 13,344 18,863 2,602 - 34,809
At 30 November 2023 41,305 222,375 48,215 20,697 332,592
NET BOOK VALUE
At 30 November 2023 33,226 63,331 3,955 - 100,512
At 30 November 2022 41,052 68,676 4,358 - 114,086

RIVER MANUFACTURING LIMITED (REGISTERED NUMBER: 07080397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 December 2022
and 30 November 2023 54,985
DEPRECIATION
At 1 December 2022 11,455
Charge for year 5,499
At 30 November 2023 16,954
NET BOOK VALUE
At 30 November 2023 38,031
At 30 November 2022 43,530

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 138,761 167,301
Other debtors 53,104 80,833
Directors' current accounts 141 170,343
Tax 50,884 50,884
Prepayments and accrued income 164,059 185,888
406,949 655,249

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 66,987 60,578
Hire purchase contracts 10,289 9,862
Trade creditors 68,658 47,386
Tax 4,741 25,229
Social security and other taxes 17,887 17,359
VAT 35,865 32,708
Other creditors 6,747 155,739
Accrued expenses 34,372 32,670
245,546 381,531

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 54,693 66,987
Bank loans - 2-5 years - 54,693
Hire purchase contracts 11,627 21,916
Other creditors 408,183 -
474,503 143,596

RIVER MANUFACTURING LIMITED (REGISTERED NUMBER: 07080397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 21,916 31,778

10. FINANCIAL INSTRUMENTS

Financial instruments are classified by directors as basic or advanced following the conditions on FRS102 Section 11. Basic financial instruments are initially measured at transaction price and subsequently recognised at amortised cost using the effective interest method The company does not have any advanced financial instruments.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
B M Yaseen
Balance outstanding at start of year 170,343 165,129
Amounts advanced 54,202 5,214
Amounts repaid (224,404 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 141 170,343

Interest is charged on this loan at 3% and the balance is repayable on demand.