RIVERSIDE CARE LIMITED

Company Registration Number:
SC112395 (Scotland)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

RIVERSIDE CARE LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Additional notes
Balance sheet notes

RIVERSIDE CARE LIMITED

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 2,313,886 1,315,673
Total fixed assets: 2,313,886 1,315,673
Current assets
Debtors: 4 154,800 108,568
Cash at bank and in hand: 258 12,530
Total current assets: 155,058 121,098
Creditors: amounts falling due within one year: 5 ( 1,578,686 ) ( 1,549,787 )
Net current assets (liabilities): (1,423,628) (1,428,689)
Total assets less current liabilities: 890,258 ( 113,016)
Total net assets (liabilities): 890,258 (113,016)
Capital and reserves
Called up share capital: 40,000 40,000
Share premium account: 395,068 106,987
Profit and loss account: 455,190 (260,003 )
Total Shareholders' funds: 890,258 (113,016)

The notes form part of these financial statements

RIVERSIDE CARE LIMITED

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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 directors acknowledge their 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 21 August 2024
and signed on behalf of the board by:

Name: Mr A J Morgan
Status: Director

The notes form part of these financial statements

RIVERSIDE CARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Asset class Depreciation method and rate Land and Buildings Freehold 2% straight line Equipment 20% straight line Fixtures, fittings & equipment 15% reducing balance

RIVERSIDE CARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 63 86

RIVERSIDE CARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 2,011,919 332,341 2,344,260
Additions 1,028 1,028
Disposals
Revaluations 288,081 288,081
Transfers
At 31 October 2023 2,300,000 333,369 2,633,369
Depreciation
At 1 November 2022 711,959 316,628 1,028,587
Charge for year 2,855 2,855
On disposals
Other adjustments 711,959 711,959
At 31 October 2023 0 319,483 319,483
Net book value
At 31 October 2023 2,300,000 13,886 2,313,886
At 31 October 2022 1,299,960 15,713 1,315,673

RIVERSIDE CARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Trade debtors 61,215 70,252
Other debtors 93,585 38,316
Total 154,800 108,568

RIVERSIDE CARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 1,238
Trade creditors 24,528 25,279
Taxation and social security 18,709 17,793
Accruals and deferred income 6,310 9,531
Other creditors 1,527,901 1,497,184
Total 1,578,686 1,549,787