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Registration number: 04543806

Riviam Digital Care Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Riviam Digital Care Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Riviam Digital Care Limited

Company Information

Directors

C Targett

P A Targett

Registered office

Cooper House
Lower Charlton Trading Estate
Shepton Mallet
Somerset
BA4 5QE

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Cooper House
Lower Charlton Trading Estate
Shepton Mallet
Somserset
BA4 5QE

 

Riviam Digital Care Limited

(Registration number: 04543806)
Balance Sheet
30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

400,263

132,188

Tangible assets

5

24,080

17,685

 

424,343

149,873

Current assets

 

Debtors

6

783,787

411,651

Cash at bank and in hand

 

186,208

111,421

 

969,995

523,072

Creditors: Amounts falling due within one year

7

(1,135,290)

(567,644)

Net current liabilities

 

(165,295)

(44,572)

Total assets less current liabilities

 

259,048

105,301

Creditors: Amounts falling due after more than one year

7

(33,275)

(57,475)

Provisions for liabilities

(6,020)

(3,360)

Net assets

 

219,753

44,466

Capital and reserves

 

Called up share capital

100

100

Retained earnings

219,653

44,366

Shareholders' funds

 

219,753

44,466

 

Riviam Digital Care Limited

(Registration number: 04543806)
Balance Sheet
30 September 2024

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 April 2025 and signed on its behalf by:
 

.........................................
P A Targett
Director

 

Riviam Digital Care Limited

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Cooper House
Lower Charlton Trading Estate
Shepton Mallet
Somerset
BA4 5QE

These financial statements were authorised for issue by the Board on 28 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Riviam Digital Care Limited

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & fittings

15% Per annum straight line

Computer equipment

33% Per annum straight line

 

Riviam Digital Care Limited

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangiable assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers and are recognised at transaction price. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Riviam Digital Care Limited

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2023 - 12).

 

Riviam Digital Care Limited

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 October 2023

761,949

761,949

Additions acquired separately

335,768

335,768

At 30 September 2024

1,097,717

1,097,717

Amortisation

At 1 October 2023

629,761

629,761

Amortisation charge

67,693

67,693

At 30 September 2024

697,454

697,454

Carrying amount

At 30 September 2024

400,263

400,263

At 30 September 2023

132,188

132,188

 

Riviam Digital Care Limited

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

5

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 October 2023

6,700

61,816

68,516

Additions

5,266

16,983

22,249

At 30 September 2024

11,966

78,799

90,765

Depreciation

At 1 October 2023

1,301

49,530

50,831

Charge for the year

1,798

14,056

15,854

At 30 September 2024

3,099

63,586

66,685

Carrying amount

At 30 September 2024

8,867

15,213

24,080

At 30 September 2023

5,399

12,286

17,685

6

Debtors

2024
£

2023
£

Trade debtors

413,167

90,927

Other debtors

350,943

317,117

Prepayments

19,677

3,607

783,787

411,651

 

Riviam Digital Care Limited

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

24,200

27,831

Trade creditors

 

214,329

103,079

Taxation and social security

 

133,943

286,074

Accruals and deferred income

 

269,850

133,119

Other creditors

 

492,968

17,541

 

1,135,290

567,644

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

33,275

57,475

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

33,275

57,475

Current loans and borrowings

2024
£

2023
£

Bank borrowings

-

3,631

Other borrowings

24,200

24,200

24,200

27,831

 

Riviam Digital Care Limited

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

9

Related party transactions

Transactions with directors

2024

At 1 October 2023
£

Repayments by director
£

At 30 September 2024
£

Loan to directors

187,942

38,827

226,769