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REGISTERED NUMBER: 11163117 (England and Wales)




























Financial Statements

for the Year Ended 30 June 2024

for

Riverside Plumbing Supplies Limited

Riverside Plumbing Supplies Limited (Registered number: 11163117)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Riverside Plumbing Supplies Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A N Moss
M K Norton



REGISTERED OFFICE: Unit 6
Eclipse Works
Bradford Street
Wigan
Lancashire
WN3 4HT



REGISTERED NUMBER: 11163117 (England and Wales)



AUDITORS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: LLoyds Bank plc
30 Corporation Street
Blackpool
Lancashire
FY1 1EN

Riverside Plumbing Supplies Limited (Registered number: 11163117)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 160,741 159,662

CURRENT ASSETS
Stocks 600,653 413,962
Debtors 5 887,059 1,264,773
Cash at bank and in hand 177,098 150,528
1,664,810 1,829,263
CREDITORS
Amounts falling due within one year 6 773,179 922,900
NET CURRENT ASSETS 891,631 906,363
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,052,372

1,066,025

CREDITORS
Amounts falling due after more than one
year

7

(12,500

)

(22,500

)

PROVISIONS FOR LIABILITIES 10 (40,185 ) (40,669 )
NET ASSETS 999,687 1,002,856

CAPITAL AND RESERVES
Called up share capital 11 70 70
Capital redemption reserve 30 30
Retained earnings 999,587 1,002,756
SHAREHOLDERS' FUNDS 999,687 1,002,856

Riverside Plumbing Supplies Limited (Registered number: 11163117)

Balance Sheet - continued
30 June 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 28 March 2025 and were signed on its behalf by:





M K Norton - Director


Riverside Plumbing Supplies Limited (Registered number: 11163117)

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

1. STATUTORY INFORMATION

Riverside Plumbing Supplies 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

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 - 20% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the weighted average formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

Riverside Plumbing Supplies Limited (Registered number: 11163117)

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

2. ACCOUNTING POLICIES - continued

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023 7,413 51,451 138,641 197,505
Additions - 5,832 63,246 69,078
Disposals - - (19,502 ) (19,502 )
At 30 June 2024 7,413 57,283 182,385 247,081
DEPRECIATION
At 1 July 2023 3,415 13,716 20,712 37,843
Charge for year 1,482 10,368 39,042 50,892
Eliminated on disposal - - (2,395 ) (2,395 )
At 30 June 2024 4,897 24,084 57,359 86,340
NET BOOK VALUE
At 30 June 2024 2,516 33,199 125,026 160,741
At 30 June 2023 3,998 37,735 117,929 159,662

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 227,851 191,334
Amounts owed by group undertakings 655,662 1,071,269
Other debtors 312 -
Prepayments 3,234 2,170
887,059 1,264,773

Riverside Plumbing Supplies Limited (Registered number: 11163117)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans 52 13,254
Trade creditors 480,519 555,278
Amounts owed to group undertakings - 25,000
Tax 142,471 234,096
Social security and other taxes 7,981 5,976
Pension 1,775 1,387
VAT 81,968 73,545
Other creditors 14,000 1,264
Accrued expenses 34,413 3,100
773,179 922,900

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 12,500 10,000
Bank loans - 2-5 years - 12,500
12,500 22,500

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 73,000 73,000
Between one and five years 152,083 225,083
225,083 298,083

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 22,500 32,500

There is a fixed and floating charge over all the assets of Riverside Plumbing Supplies Ltd in favour of Lloyds Bank plc.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 40,185 40,669

Riverside Plumbing Supplies Limited (Registered number: 11163117)

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

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2023 40,669
Credit to Statement of Income and Retained Earnings during year (484 )
Balance at 30 June 2024 40,185

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
70 Ordinary £1 70 70

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.


The corresponding figures for the year to 30 June 2023 have not been audited as the company was small and so took exemption from audit under S477 of the Companies Act 2006.

Catherine Cole (Senior Statutory Auditor)
for and on behalf of DonnellyBentley Limited

13. PARENT COMPANY

The parent company of Riverside Plumbing Supplies Limited is MWA Group Limited. It's registered office is 70 Chorley New Road, Bolton, Lancashire.