Registered number
08546638
Riverside Publishing Solutions Ltd
Filleted Accounts
31 May 2024
Riverside Publishing Solutions Ltd
Registered number: 08546638
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,741 3,427
Current assets
Stocks 30,000 35,000
Debtors 4 11,829 9,494
41,829 44,494
Creditors: amounts falling due within one year 5 (23,725) (23,679)
Net current assets 18,104 20,815
Total assets less current liabilities 20,845 24,242
Creditors: amounts falling due after more than one year 6 (20,803) (24,225)
Net assets 42 17
Capital and reserves
Called up share capital 4 4
Profit and loss account 38 13
Shareholders' funds 42 17
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr D Potter
Director
Approved by the board on 10 January 2025
Riverside Publishing Solutions Ltd
Notes to the Accounts
for the year ended 31 May 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.
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 and IT equipment 20% reducing balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 10,175
At 31 May 2024 10,175
Depreciation
At 1 June 2023 6,748
Charge for the year 686
At 31 May 2024 7,434
Net book value
At 31 May 2024 2,741
At 31 May 2023 3,427
4 Debtors 2024 2023
£ £
Trade debtors 2,888 6,554
Directors loan accounts 5,167 2,657
Other debtors 3,774 283
11,829 9,494
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 11,514 10,365
Trade creditors 964 4,826
Taxation and social security costs 8,059 6,103
Other creditors 3,188 2,385
23,725 23,679
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 20,803 24,225
7 Other information
Riverside Publishing Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Avon Suite
Court Farm Yard
Lower Woodford
Salisbury
SP4 6NQ
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