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REGISTERED NUMBER: 10838064 (England and Wales)














Unaudited Financial Statements

for the period

1st November 2022 to 30th April 2024

for

Riverside Hair and Beauty Limited

Riverside Hair and Beauty Limited (Registered number: 10838064)






Contents of the Financial Statements
for the period 1st November 2022 to 30th April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Riverside Hair and Beauty Limited

Company Information
for the period 1st November 2022 to 30th April 2024







DIRECTOR: Miss J A Clark



REGISTERED OFFICE: Princes House
Wright Street
Hull
HU2 8HX



REGISTERED NUMBER: 10838064 (England and Wales)



ACCOUNTANTS: Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



BANKERS: Lloyds Bank Plc
Hull Silver Street
Ariel House
2138 Coventry Road
Sheldon
B26 3JW

Riverside Hair and Beauty Limited (Registered number: 10838064)

Abridged Balance Sheet
30th April 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,300 9,000
Tangible assets 5 1,964 3,000
8,264 12,000

CURRENT ASSETS
Stocks 5,743 6,945
Debtors 6,188 9,988
Cash at bank and in hand 1,356 8,417
13,287 25,350
CREDITORS
Amounts falling due within one year 10,832 15,348
NET CURRENT ASSETS 2,455 10,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,719

22,002

CREDITORS
Amounts falling due after more than one
year

(10,200

)

(21,000

)

PROVISIONS FOR LIABILITIES (373 ) (570 )
NET ASSETS 146 432

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 46 332
SHAREHOLDERS' FUNDS 146 432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Hair and Beauty Limited (Registered number: 10838064)

Abridged Balance Sheet - continued
30th April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 30th April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22nd October 2024 and were signed by:





Miss J A Clark - Director


Riverside Hair and Beauty Limited (Registered number: 10838064)

Notes to the Financial Statements
for the period 1st November 2022 to 30th April 2024

1. STATUTORY INFORMATION

Riverside Hair and Beauty 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2017, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

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

Taxation
Taxation for the period 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 period 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 Hair and Beauty Limited (Registered number: 10838064)

Notes to the Financial Statements - continued
for the period 1st November 2022 to 30th April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 period was 4 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st November 2022
and 30th April 2024 18,000
AMORTISATION
At 1st November 2022 9,000
Amortisation for period 2,700
At 30th April 2024 11,700
NET BOOK VALUE

At 30th April 2024 6,300
At 31st October 2022 9,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st November 2022
and 30th April 2024 11,670
DEPRECIATION
At 1st November 2022 8,670
Charge for period 1,036
At 30th April 2024 9,706
NET BOOK VALUE
At 30th April 2024 1,964
At 31st October 2022 3,000

Riverside Hair and Beauty Limited (Registered number: 10838064)

Notes to the Financial Statements - continued
for the period 1st November 2022 to 30th April 2024

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: £    £   
100 Ordinary £1 100 100

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Riverside Hair and Beauty Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Riverside Hair and Beauty Limited for the period ended 30th April 2024 which comprise the Income Statement, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Riverside Hair and Beauty Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Riverside Hair and Beauty Limited and state those matters that we have agreed to state to the director of Riverside Hair and Beauty Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Riverside Hair and Beauty Limited and its director for our work or for this report.

It is your duty to ensure that Riverside Hair and Beauty Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Riverside Hair and Beauty Limited. You consider that Riverside Hair and Beauty Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Riverside Hair and Beauty Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX


22nd October 2024