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REGISTERED NUMBER: 08161458 (England and Wales)







Unaudited Financial Statements

for the Year Ended

30 September 2024

for

Rivendell Carpets & Flooring Limited

Rivendell Carpets & Flooring Limited (Registered number: 08161458)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Rivendell Carpets & Flooring Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Ms M J Risso





REGISTERED OFFICE: Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST





REGISTERED NUMBER: 08161458 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

Rivendell Carpets & Flooring Limited (Registered number: 08161458)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 24,485 3,486
24,485 3,486

CURRENT ASSETS
Inventories 2,340 7,804
Debtors 6 64,836 67,039
Cash at bank and in hand 55,891 68,546
123,067 143,389
CREDITORS
Amounts falling due within one year 7 102,280 83,729
NET CURRENT ASSETS 20,787 59,660
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,272

63,146

CREDITORS
Amounts falling due after more than one
year

8

(44,623

)

(34,447

)

PROVISIONS FOR LIABILITIES - (662 )
NET ASSETS 649 28,037

Rivendell Carpets & Flooring Limited (Registered number: 08161458)

Statement of Financial Position - continued
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 549 27,937
SHAREHOLDERS' FUNDS 649 28,037

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:





Ms M J Risso - Director


Rivendell Carpets & Flooring Limited (Registered number: 08161458)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Rivendell Carpets & Flooring 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.

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 represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Inventories 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 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 statement of financial position date.


Rivendell Carpets & Flooring Limited (Registered number: 08161458)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 year was 4 (2023 - 4 ) .

Rivendell Carpets & Flooring Limited (Registered number: 08161458)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 96,000
AMORTISATION
At 1 October 2023
and 30 September 2024 96,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 7,392 - 3,246 10,638
Additions - 28,699 - 28,699
At 30 September 2024 7,392 28,699 3,246 39,337
DEPRECIATION
At 1 October 2023 4,651 - 2,501 7,152
Charge for year 413 7,175 112 7,700
At 30 September 2024 5,064 7,175 2,613 14,852
NET BOOK VALUE
At 30 September 2024 2,328 21,524 633 24,485
At 30 September 2023 2,741 - 745 3,486

Rivendell Carpets & Flooring Limited (Registered number: 08161458)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 28,699
At 30 September 2024 28,699
DEPRECIATION
Charge for year 7,175
At 30 September 2024 7,175
NET BOOK VALUE
At 30 September 2024 21,524

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 28,495 61,738
Other debtors 4,350 4,350
Directors' current accounts 24,188 -
Prepayments 7,803 951
64,836 67,039

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 5,731 5,589
Hire purchase contracts 9,088 -
Trade creditors 41,161 26,765
Payments on account - 24,400
Tax 3,047 7,724
Social security and other taxes 18,419 1,738
VAT 22,772 14,533
Other creditors 169 209
Directors' current accounts - 885
Accrued expenses 1,893 1,886
102,280 83,729

Rivendell Carpets & Flooring Limited (Registered number: 08161458)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans - 2-5 years 24,943 24,328
Bank loans more 5 yr by instal 3,776 10,119
Hire purchase contracts 15,904 -
44,623 34,447

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,776 10,119

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary shares 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 October 2023 27,937
Profit for the year 2,612
Dividends (30,000 )
At 30 September 2024 549

Rivendell Carpets & Flooring Limited (Registered number: 08161458)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Ms M J Risso
Director

During the year the company entered into the following transactions with the director;

20242023

Dividends paid30,00048,000

Capital introduced/(withdrawn)(25,073)603

At the year end the amount due to the company was £24,188 (2023 - £885 company owed the director). This was repaid to the company within 9 months of the year end.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Ms M J Risso.