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REGISTERED NUMBER: NI616697 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Riada (NI) Limited

Riada (NI) Limited (Registered number: NI616697)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Riada (NI) Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: Norman ADAIR
Mrs. S Chambers





SECRETARY:





REGISTERED OFFICE: Suite 5 Ormeau House
91-97 Ormeau Road
Belfast
Co. Antrim
BT7 1SH





BUSINESS ADDRESS: 9-11 RIADA CLOSE
BELFAST
Co. Antrim
BT4 1EB





REGISTERED NUMBER: NI616697 (Northern Ireland)





ACCOUNTANTS: Cleaver Black
Chartered Accountants
Suite 5 Ormeau House
91-97 Ormeau Road
Belfast
Co. Antrim
BT7 1SH

Riada (NI) Limited (Registered number: NI616697)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 45,135 55,122

CURRENT ASSETS
Stocks 5 158,706 147,141
Debtors 6 262,345 247,139
Cash at bank and in hand 157,950 117,570
579,001 511,850
CREDITORS
Amounts falling due within one year 7 (207,259 ) (281,917 )
NET CURRENT ASSETS 371,742 229,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

416,877

285,055

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 416,677 284,855
SHAREHOLDERS' FUNDS 416,877 285,055

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Riada (NI) Limited (Registered number: NI616697)

Balance Sheet - continued
30 April 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 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 31 December 2024 and were signed on its behalf by:




Norman ADAIR - Director



Mrs. S Chambers - Director


Riada (NI) Limited (Registered number: NI616697)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Riada (NI) Limited is a private company, limited by shares , registered in Northern Ireland. 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.
Freehold property - 10% 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.

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.

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.

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 11 (2023 - 11 ) .

Riada (NI) Limited (Registered number: NI616697)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 May 2023 15,200 119,057 49,994 184,251
Additions - 650 - 650
At 30 April 2024 15,200 119,707 49,994 184,901
DEPRECIATION
At 1 May 2023 - 117,422 11,707 129,129
Charge for year - 1,644 8,993 10,637
At 30 April 2024 - 119,066 20,700 139,766
NET BOOK VALUE
At 30 April 2024 15,200 641 29,294 45,135
At 30 April 2023 15,200 1,635 38,287 55,122

5. STOCKS
2024 2023
£    £   
Stocks 135,206 134,250
Raw materials 23,500 12,891
158,706 147,141

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 316,998 297,477
Provision for Bad Debts (62,653 ) (50,338 )
Prepayments and accrued income 8,000 -
262,345 247,139

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 97,345 203,984
Tax 63,379 28,994
Social security and other taxes 7,312 14,916
VAT 9,290 9,435
Staff loans - (964 )
Directors' current accounts 19,692 21,250
Accrued expenses 10,241 4,302
207,259 281,917