Company Registration No. 04801520 (England and Wales)
Rivergate Consultants Limited
Unaudited accounts
for the year ended 30 June 2024
Rivergate Consultants Limited
Unaudited accounts
Contents
Rivergate Consultants Limited
Company Information
for the year ended 30 June 2024
Company Number
04801520 (England and Wales)
Registered Office
Highland House
Mayflower Close, Chandlers Ford
Eastleigh
Hampshire
SO53 4AR
Accountants
Hopper Williams & Bell Limited
Highland House
Mayflower Close
Chandlers Ford
Eastleigh
SO53 4AR
Rivergate Consultants Limited
Statement of financial position
as at 30 June 2024
Tangible assets
30,937
28,307
Cash at bank and in hand
5,669
9,747
Creditors: amounts falling due within one year
(13,245)
(15,342)
Net current liabilities
(7,576)
(5,595)
Total assets less current liabilities
23,361
22,712
Provisions for liabilities
Deferred tax
(3,729)
(2,500)
Called up share capital
2
2
Profit and loss account
19,630
20,210
Shareholders' funds
19,632
20,212
For the year ending 30 June 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 November 2024 and were signed on its behalf by
Andrew Cartlidge
Director
Company Registration No. 04801520
Rivergate Consultants Limited
Notes to the Accounts
for the year ended 30 June 2024
Rivergate Consultants Limited is a private company, limited by shares, registered in England and Wales, registration number 04801520. The registered office is Highland House, Mayflower Close, Chandlers Ford, Eastleigh, Hampshire, SO53 4AR.
2
Compliance with accounting standards
These financial statements have been prepared in accordance with FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historic cost convention, modified to include certain financial instruments at fair value. The principle accounting policies are set out below.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Turnover represents the value of goods and services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight Line Basis
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
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 statement of financial position date.
Rivergate Consultants Limited
Notes to the Accounts
for the year ended 30 June 2024
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
28,180
4,597
13,003
45,780
At 30 June 2024
28,180
11,697
13,003
52,880
At 1 July 2023
5,636
3,518
8,319
17,473
Charge for the year
2,818
481
1,171
4,470
At 30 June 2024
8,454
3,999
9,490
21,943
At 30 June 2024
19,726
7,698
3,513
30,937
At 30 June 2023
22,544
1,079
4,684
28,307
Rivergate Consultants Limited
Notes to the Accounts
for the year ended 30 June 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
5,400
6,957
Other creditors
7,845
8,385
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).