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REGISTERED NUMBER: 07830633 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

RIVERSIDE SPIRITS LTD

RIVERSIDE SPIRITS LTD (REGISTERED NUMBER: 07830633)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RIVERSIDE SPIRITS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: H Munro
Mrs C Munro





REGISTERED OFFICE: 29 Arkwright Road
Astmoor Industrial Estate
Runcorn
WA7 1NU





REGISTERED NUMBER: 07830633 (England and Wales)





ACCOUNTANTS: Hunter Healey Limited
Abacus House
450 Warrington Road
Culcheth
Warrington
Cheshire
WA3 5QX

RIVERSIDE SPIRITS LTD (REGISTERED NUMBER: 07830633)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 76,858 67,738
76,858 67,738

CURRENT ASSETS
Stocks 221,395 272,433
Debtors 6 25,366 23,375
Cash at bank 38,951 4,662
285,712 300,470
CREDITORS
Amounts falling due within one year 7 54,482 117,386
NET CURRENT ASSETS 231,230 183,084
TOTAL ASSETS LESS CURRENT
LIABILITIES

308,088

250,822

CREDITORS
Amounts falling due after more than one
year

8

109,685

45,081
NET ASSETS 198,403 205,741

RIVERSIDE SPIRITS LTD (REGISTERED NUMBER: 07830633)

BALANCE SHEET - continued
31ST JULY 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 198,303 205,641
198,403 205,741

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th November 2024 and were signed on its behalf by:





H Munro - Director


RIVERSIDE SPIRITS LTD (REGISTERED NUMBER: 07830633)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Riverside Spirits Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five 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
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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


RIVERSIDE SPIRITS LTD (REGISTERED NUMBER: 07830633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 4 (2023 - 4 ) .

RIVERSIDE SPIRITS LTD (REGISTERED NUMBER: 07830633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st August 2023
and 31st July 2024 10,000
AMORTISATION
At 1st August 2023
and 31st July 2024 10,000
NET BOOK VALUE
At 31st July 2024 -
At 31st July 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st August 2023 115,723 22,324 105,334 10,365 253,746
Additions - - 47,874 - 47,874
Disposals - - (17,365 ) - (17,365 )
At 31st July 2024 115,723 22,324 135,843 10,365 284,255
DEPRECIATION
At 1st August 2023 101,163 21,232 53,248 10,365 186,008
Charge for year 9,848 252 23,770 - 33,870
Eliminated on disposal - - (12,481 ) - (12,481 )
At 31st July 2024 111,011 21,484 64,537 10,365 207,397
NET BOOK VALUE
At 31st July 2024 4,712 840 71,306 - 76,858
At 31st July 2023 14,560 1,092 52,086 - 67,738

RIVERSIDE SPIRITS LTD (REGISTERED NUMBER: 07830633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st August 2023 65,415
Additions 47,874
At 31st July 2024 113,289
DEPRECIATION
At 1st August 2023 20,442
Charge for year 23,212
At 31st July 2024 43,654
NET BOOK VALUE
At 31st July 2024 69,635
At 31st July 2023 44,973

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,862 11,003
Other debtors 15,504 12,372
25,366 23,375

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,013 4,585
Trade creditors 7,538 12,608
Taxation and social security 5,549 2,986
Other creditors 35,382 97,207
54,482 117,386

RIVERSIDE SPIRITS LTD (REGISTERED NUMBER: 07830633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 65,935 45,081
Other creditors 43,750 -
109,685 45,081

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 8,750 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 71,948 -