1
false
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2023-05-01
Sage Accounts Production Advanced 2024 - FRS102_2024
xbrli:pure
xbrli:shares
iso4217:GBP
10726047
2023-05-01
2024-04-30
10726047
2024-04-30
10726047
2023-04-30
10726047
2022-05-01
2023-04-30
10726047
2023-04-30
10726047
2022-04-30
10726047
core:PlantMachinery
2023-05-01
2024-04-30
10726047
bus:Director1
2023-05-01
2024-04-30
10726047
core:PlantMachinery
2023-04-30
10726047
core:PlantMachinery
2024-04-30
10726047
core:WithinOneYear
2024-04-30
10726047
core:WithinOneYear
2023-04-30
10726047
core:AfterOneYear
2024-04-30
10726047
core:AfterOneYear
2023-04-30
10726047
core:ShareCapital
2024-04-30
10726047
core:ShareCapital
2023-04-30
10726047
core:RetainedEarningsAccumulatedLosses
2024-04-30
10726047
core:RetainedEarningsAccumulatedLosses
2023-04-30
10726047
core:PlantMachinery
2023-04-30
10726047
bus:SmallEntities
2023-05-01
2024-04-30
10726047
bus:AuditExemptWithAccountantsReport
2023-05-01
2024-04-30
10726047
bus:SmallCompaniesRegimeForAccounts
2023-05-01
2024-04-30
10726047
bus:PrivateLimitedCompanyLtd
2023-05-01
2024-04-30
10726047
bus:FullAccounts
2023-05-01
2024-04-30
10726047
core:OfficeEquipment
2023-05-01
2024-04-30
10726047
core:OfficeEquipment
2024-04-30
10726047
core:OfficeEquipment
2023-04-30
10726047
core:EntityWithJointControlOrSignificantInfluence1
2023-05-01
2024-04-30
10726047
core:EntityWithJointControlOrSignificantInfluence1
2024-04-30
10726047
core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity
2023-05-01
2024-04-30
10726047
core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity
2024-04-30
COMPANY REGISTRATION NUMBER:
10726047
Riverside Coatings Limited |
|
Filleted Unaudited Financial Statements |
|
Riverside Coatings Limited |
|
Statement of Financial Position |
|
30 April 2024
Fixed assets
Tangible assets |
5 |
|
31,301 |
|
34,808 |
|
|
|
|
|
|
Current assets
Debtors |
6 |
4,687 |
|
7,659 |
|
Cash at bank and in hand |
4,758 |
|
10,099 |
|
|
------- |
|
-------- |
|
|
9,445 |
|
17,758 |
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
41,905 |
|
43,389 |
|
|
-------- |
|
-------- |
|
Net current liabilities |
|
32,460 |
|
25,631 |
|
|
-------- |
|
-------- |
Total assets less current liabilities |
|
(
1,159) |
|
9,177 |
|
|
|
|
|
|
Creditors: amounts falling due after more than one year |
8 |
|
9,375 |
|
15,625 |
|
|
-------- |
|
-------- |
Net liabilities |
|
(
10,534) |
|
(
6,448) |
|
|
-------- |
|
-------- |
|
|
|
|
|
|
Riverside Coatings Limited |
|
Statement of Financial Position (continued) |
|
30 April 2024
Capital and reserves
Called up share capital |
|
100 |
|
100 |
Profit and loss account |
|
(
10,634) |
|
(
6,548) |
|
|
-------- |
|
------- |
Shareholder deficit |
|
(
10,534) |
|
(
6,448) |
|
|
-------- |
|
------- |
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
27 January 2025
, and are signed on behalf of the board by:
Company registration number:
10726047
Riverside Coatings Limited |
|
Notes to the Financial Statements |
|
Year ended 30 April 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2 Riverside Works, Methley Road, Castleford, West Yorkshire, WF10 1PW, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
(a)
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
(b)
Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis. At the balance sheet date the company has net liabilities of £10,534 including a loan from a company under common control which amounted to £30,000 at 30 April 2024. The company under common control has confirmed their support will continue for the foreseeable future and will, where necessary, be increased in order to enable the company to continue normal trading operations. The accounts are therefore prepared on a going concern basis.
(c)
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
(d)
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
(e)
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
(f)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery |
- |
20% reducing balance |
|
Equipment |
- |
15% reducing balance |
|
|
|
|
(g)
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
(h)
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
(i)
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2023:
2
).
5.
Tangible assets
|
Plant and machinery |
Equipment |
Total |
|
£ |
£ |
£ |
Cost |
|
|
|
At 1 May 2023 and 30 April 2024 |
65,354 |
563 |
65,917 |
|
-------- |
---- |
-------- |
Depreciation |
|
|
|
At 1 May 2023 |
30,661 |
448 |
31,109 |
Charge for the year |
3,572 |
(
65) |
3,507 |
|
-------- |
---- |
-------- |
At 30 April 2024 |
34,233 |
383 |
34,616 |
|
-------- |
---- |
-------- |
Carrying amount |
|
|
|
At 30 April 2024 |
31,121 |
180 |
31,301 |
|
-------- |
---- |
-------- |
At 30 April 2023 |
34,693 |
115 |
34,808 |
|
-------- |
---- |
-------- |
|
|
|
|
6.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Trade debtors |
4,687 |
7,659 |
|
------- |
------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Bank loans and overdrafts |
6,250 |
6,250 |
Trade creditors |
2,507 |
3,012 |
Social security and other taxes |
2,233 |
3,257 |
Other Loans |
30,000 |
30,000 |
Other creditors |
915 |
870 |
|
-------- |
-------- |
|
41,905 |
43,389 |
|
-------- |
-------- |
|
|
|
8.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
Bank loans and overdrafts |
9,375 |
15,625 |
|
------- |
-------- |
|
|
|
9.
Related party transactions
During the year, a
company
under common control made various loans
to the company. The balance owed as at the balance sheet date was £ 30,000
(2023: £30,000). No interest is charged and the loan is repayable on demand
.