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REGISTERED NUMBER: 04559966 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2024

for

RIVERSIDE ENGINEERING (SUFFOLK) LIMITED

RIVERSIDE ENGINEERING (SUFFOLK) LIMITED (Registered number: 04559966)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RIVERSIDE ENGINEERING (SUFFOLK) LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr C Bloomfield
Mr A F Last





SECRETARY: Mr C Bloomfield





REGISTERED OFFICE: Unit 7 Riverside View
Ind Est
Wickham Market
WOODBRIDGE
Suffolk
IP13 0TA





REGISTERED NUMBER: 04559966 (England and Wales)





ACCOUNTANTS: Turner & Ellerby
Chartered Certified Accountants
5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ

RIVERSIDE ENGINEERING (SUFFOLK) LIMITED (Registered number: 04559966)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,416 14,923

CURRENT ASSETS
Stocks 5 9,500 20,000
Debtors 6 72,896 131,913
Cash at bank 63,092 90,230
145,488 242,143
CREDITORS
Amounts falling due within one year 7 59,499 121,786
NET CURRENT ASSETS 85,989 120,357
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,405

135,280

CREDITORS
Amounts falling due after more than one
year

8

(9,239

)

(21,807

)

PROVISIONS FOR LIABILITIES (3,000 ) (3,663 )
NET ASSETS 86,166 109,810

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 86,163 109,807
SHAREHOLDERS' FUNDS 86,166 109,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

RIVERSIDE ENGINEERING (SUFFOLK) LIMITED (Registered number: 04559966)

Balance Sheet - continued
31 January 2024


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 23 October 2024 and were signed on its behalf by:





Mr C Bloomfield - Director


RIVERSIDE ENGINEERING (SUFFOLK) LIMITED (Registered number: 04559966)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

RIVERSIDE ENGINEERING (SUFFOLK) 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 the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - At varying rates

Stocks
Stocks and unbilled sales contracts are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

RIVERSIDE ENGINEERING (SUFFOLK) LIMITED (Registered number: 04559966)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution workplace 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 3 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 2,500 83,020 19,905 4,146 109,571
Additions - - - 1,034 1,034
At 31 January 2024 2,500 83,020 19,905 5,180 110,605
DEPRECIATION
At 1 February 2023 2,500 78,554 9,713 3,881 94,648
Charge for year - 893 2,038 610 3,541
At 31 January 2024 2,500 79,447 11,751 4,491 98,189
NET BOOK VALUE
At 31 January 2024 - 3,573 8,154 689 12,416
At 31 January 2023 - 4,466 10,192 265 14,923

5. STOCKS
2024 2023
£    £   
Stocks 9,500 20,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 67,279 130,275
Recoverable S455 tax 933 933
VAT 3,210 -
Prepayments 1,474 705
72,896 131,913

RIVERSIDE ENGINEERING (SUFFOLK) LIMITED (Registered number: 04559966)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,500 12,500
Trade creditors 23,359 64,555
Tax 7,313 16,184
Social security and other taxes 139 390
VAT - 11,188
Other creditors 6,434 6,648
Directors' current accounts 6,779 6,779
Accrued expenses 2,975 3,542
59,499 121,786

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Government CBILS loan
(via Funding Circle) 9,239 12,500
Government CBILS loan
(via Funding Circle) - 9,307
9,239 21,807