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Company Registration No. 08059413 (England and Wales)
Riverside Bifolds Limited Unaudited accounts for the year ended 31 March 2025
Riverside Bifolds Limited Unaudited accounts Contents
Page
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Riverside Bifolds Limited Company Information for the year ended 31 March 2025
Director
Aaron Roy Moroney
Company Number
08059413 (England and Wales)
Registered Office
Riverside Bifolds Ltd Unit 5 Yeoman Industrial Park, Test Lane Southampton Hampshire SO16 9JX England
Accountants
Zoey Mills 5 Wycliffe Road Southampton Hampshire SO18 2BY
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Riverside Bifolds Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
338,256 
276,698 
Current assets
Inventories
61,900 
42,000 
Debtors
70,362 
50,755 
Cash at bank and in hand
179,596 
161,020 
311,858 
253,775 
Creditors: amounts falling due within one year
(159,155)
(127,909)
Net current assets
152,703 
125,866 
Total assets less current liabilities
490,959 
402,564 
Creditors: amounts falling due after more than one year
(49,738)
(8,003)
Provisions for liabilities
Deferred tax
(9,306)
(35,610)
Net assets
431,915 
358,951 
Capital and reserves
Called up share capital
10 
10 
Capital redemption reserve
1 
1 
Profit and loss account
431,904 
358,940 
Shareholders' funds
431,915 
358,951 
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 May 2025 and were signed on its behalf by
Aaron Roy Moroney Director Company Registration No. 08059413
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Riverside Bifolds Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Riverside Bifolds Limited is a private company, limited by shares, registered in England and Wales, registration number 08059413. The registered office is Riverside Bifolds Ltd, Unit 5, Yeoman Industrial Park, Test Lane, Southampton, Hampshire, SO16 9JX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
4% Straight Line
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Riverside Bifolds Limited Notes to the Accounts for the year ended 31 March 2025
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 goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Going concern
The financial statements have been prepared on a going concern
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 April 2024
92,032 
153,823 
33,357 
121,918 
11,849 
412,979 
Additions
- 
37,518 
35,686 
17,339 
458 
91,001 
Disposals
- 
(247)
- 
- 
(146)
(393)
At 31 March 2025
92,032 
191,094 
69,043 
139,257 
12,161 
503,587 
Depreciation
At 1 April 2024
- 
91,768 
29,123 
8,765 
6,625 
136,281 
Charge for the year
- 
19,227 
3,502 
5,253 
1,343 
29,325 
On disposals
- 
(169)
- 
- 
(106)
(275)
At 31 March 2025
- 
110,826 
32,625 
14,018 
7,862 
165,331 
Net book value
At 31 March 2025
92,032 
80,268 
36,418 
125,239 
4,299 
338,256 
At 31 March 2024
92,032 
62,055 
4,234 
113,153 
5,224 
276,698 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
64,722 
46,475 
Accrued income and prepayments
5,640 
4,280 
70,362 
50,755 
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Riverside Bifolds Limited Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
21,958 
18,590 
Trade creditors
108,373 
54,832 
Taxes and social security
12,835 
42,644 
Other creditors
15,189 
11,043 
Accruals
800 
800 
159,155 
127,909 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Obligations under finance leases and hire purchase contracts
49,738 
8,003 
8
Average number of employees
During the year the average number of employees was 6 (2024: 6).
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