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REGISTERED NUMBER: 03411231 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RIVERBANK CONSTRUCTION SERVICES LIMITED

RIVERBANK CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 03411231)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RIVERBANK CONSTRUCTION SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 December 2023







DIRECTORS: G P Keen
A C Keen





SECRETARY: G P Keen





REGISTERED OFFICE: Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX





REGISTERED NUMBER: 03411231 (England and Wales)





ACCOUNTANTS: Traviss & Co Ltd
Chartered Certified Accountants
Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX

RIVERBANK CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 03411231)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 99,258 116,399

CURRENT ASSETS
Debtors 5 16,157 19,307
Cash at bank and in hand 2,361 6,231
18,518 25,538
CREDITORS
Amounts falling due within one year 6 25,356 33,400
NET CURRENT LIABILITIES (6,838 ) (7,862 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,420

108,537

CREDITORS
Amounts falling due after more than one year 7 47,952 56,584
NET ASSETS 44,468 51,953

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 44,466 51,951
44,468 51,953

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

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

RIVERBANK CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 03411231)

BALANCE SHEET - continued
31 December 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 17 September 2024 and were signed on its behalf by:





G P Keen - Director


RIVERBANK CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 03411231)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2023


1. STATUTORY INFORMATION

Riverbank Construction Services 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 represents sales of hire charges and recovered costs, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance and 10% on cost
Motor vehicles - 25% on reducing balance

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 1 (2022 - 1 ) .

RIVERBANK CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 03411231)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 286,509 19,700 - 306,209
Additions 3,140 - 429 3,569
At 31 December 2023 289,649 19,700 429 309,778
DEPRECIATION
At 1 January 2023 172,082 17,728 - 189,810
Charge for year 20,074 493 143 20,710
At 31 December 2023 192,156 18,221 143 210,520
NET BOOK VALUE
At 31 December 2023 97,493 1,479 286 99,258
At 31 December 2022 114,427 1,972 - 116,399

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 85,025
DEPRECIATION
At 1 January 2023 12,878
Charge for year 8,503
At 31 December 2023 21,381
NET BOOK VALUE
At 31 December 2023 63,644
At 31 December 2022 72,147

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,036 13,235
Amounts owed by group undertakings 5,000 5,000
Other debtors 1,121 1,072
16,157 19,307

RIVERBANK CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 03411231)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 11,134 18,193
Trade creditors 1,744 7,319
Taxation and social security 2,518 2,645
Other creditors 9,960 5,243
25,356 33,400

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 17,952 26,584
Other creditors 30,000 30,000
47,952 56,584

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 29,086 44,777