Registered number
08972754
RIVA Training Ltd
Unaudited Filleted Accounts
30 April 2024
RIVA Training Ltd
Registered number: 08972754
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 3,157 5,121
Tangible assets 4 2,712 4,135
5,869 9,256
Current assets
Debtors 5 14,028 7,311
Cash at bank and in hand 7,738 5,915
21,766 13,226
Creditors: amounts falling due within one year 6 (1,850) (284)
Net current assets 19,916 12,942
Net assets 25,785 22,198
Capital and reserves
Called up share capital 120 120
Profit and loss account 25,665 22,078
Shareholder's funds 25,785 22,198
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms Katy Constance Victoria Peters
Director
Approved by the board on 3 December 2024
RIVA Training Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 33.33% Straight line
Leasehold Improvements 20% Straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Website:
Cost
At 1 May 2023 9,065
At 30 April 2024 9,065
Amortisation
At 1 May 2023 3,944
Provided during the year 1,964
At 30 April 2024 5,908
Net book value
At 30 April 2024 3,157
At 30 April 2023 5,121
Website is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Leasehold Improvements Total
£ £ £
Cost
At 1 May 2023 1,554 6,402 7,956
At 30 April 2024 1,554 6,402 7,956
Depreciation
At 1 May 2023 1,518 2,303 3,821
Charge for the year 36 1,387 1,423
At 30 April 2024 1,554 3,690 5,244
Net book value
At 30 April 2024 - 2,712 2,712
At 30 April 2023 36 4,099 4,135
5 Debtors 2024 2023
£ £
Trade debtors 1,287 1,387
Amount owed by related parties 3,288 -
Other debtors 9,453 5,924
14,028 7,311
6 Creditors: amounts falling due within one year 2024 2023
£ £
Amount owed to related parties - 284
Taxation and social security costs 1,850 -
1,850 284
7 Related party transactions
As at 30 April 2024, RIVA Training Ltd was owed £3,288 from 360 Health Ltd, a company in which Katy Constance Victoria Peters is a Director.
8 Other information
RIVA Training Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Lower Coombe
Hydrangeas, Buckfastleigh
South Hams, Devon
England
TQ11 0LE
RIVA Training Ltd 08972754 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts April 2024 Ms Katy Constance Victoria Peters No description of principal activity 08972754 2022-04-01 2023-04-30 08972754 core:WithinOneYear 2023-04-30 08972754 core:ShareCapital 2023-04-30 08972754 core:RetainedEarningsAccumulatedLosses 2023-04-30 08972754 2023-05-01 2024-04-30 08972754 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08972754 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 08972754 bus:Director40 2023-05-01 2024-04-30 08972754 1 2023-05-01 2024-04-30 08972754 2 2023-05-01 2024-04-30 08972754 core:Goodwill 2023-05-01 2024-04-30 08972754 core:PlantMachinery 2023-05-01 2024-04-30 08972754 core:Vehicles 2023-05-01 2024-04-30 08972754 countries:England 2023-05-01 2024-04-30 08972754 bus:FRS102 2023-05-01 2024-04-30 08972754 bus:FilletedAccounts 2023-05-01 2024-04-30 08972754 2024-04-30 08972754 core:WithinOneYear 2024-04-30 08972754 core:ShareCapital 2024-04-30 08972754 core:RetainedEarningsAccumulatedLosses 2024-04-30 08972754 core:Goodwill 2024-04-30 08972754 core:PlantMachinery 2024-04-30 08972754 core:Vehicles 2024-04-30 08972754 2023-04-30 08972754 core:Goodwill 2023-04-30 08972754 core:PlantMachinery 2023-04-30 08972754 core:Vehicles 2023-04-30 iso4217:GBP xbrli:pure