Registered number
13993109
Riviera Schooldays Ltd
Filleted Accounts
31 March 2025
Riviera Schooldays Ltd
Registered number: 13993109
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 36,149 36,149
Tangible assets 4 16,224 12,251
52,373 48,400
Current assets
Stocks 84,722 97,552
Debtors 5 4,136 2,258
Cash at bank and in hand 16,012 7,796
104,870 107,606
Creditors: amounts falling due within one year 6 (164,562) (160,964)
Net current liabilities (59,692) (53,358)
Total assets less current liabilities (7,319) (4,958)
Creditors: amounts falling due after more than one year 7 (1,837) -
Net liabilities (9,156) (4,958)
Capital and reserves
Called up share capital 2 2
Profit and loss account (9,158) (4,960)
Shareholders' funds (9,156) (4,958)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr N Hart
Director
Approved by the board on 29 May 2025
Riviera Schooldays Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 6 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 36,149
At 31 March 2025 36,149
Amortisation
At 31 March 2025 -
Net book value
At 31 March 2025 36,149
At 31 March 2024 36,149
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 15,317 2,107 17,424
Additions 6,975 - 6,975
At 31 March 2025 22,292 2,107 24,399
Depreciation
At 1 April 2024 4,251 922 5,173
Charge for the year 2,706 296 3,002
At 31 March 2025 6,957 1,218 8,175
Net book value
At 31 March 2025 15,335 889 16,224
At 31 March 2024 11,066 1,185 12,251
5 Debtors 2025 2024
£ £
Trade debtors 1,362 1,593
Other debtors 2,774 665
4,136 2,258
6 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 3,150 -
Trade creditors 8,951 8,512
Taxation and social security costs - 90
Other creditors 152,461 152,362
164,562 160,964
7 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 1,837 -
8 Other information
Riviera Schooldays Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Old Bank Chambers
223 Union Street
Brunswick Square
Torquay
TQ1 4UT
Riviera Schooldays Ltd 13993109 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts April 2025 Mr N Hart No description of principal activity 13993109 2023-04-01 2024-03-31 13993109 core:WithinOneYear 2024-03-31 13993109 core:AfterOneYear 2024-03-31 13993109 core:ShareCapital 2024-03-31 13993109 core:RetainedEarningsAccumulatedLosses 2024-03-31 13993109 2024-04-01 2025-03-31 13993109 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13993109 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 13993109 bus:Director40 2024-04-01 2025-03-31 13993109 1 2024-04-01 2025-03-31 13993109 2 2024-04-01 2025-03-31 13993109 core:PlantMachinery 2024-04-01 2025-03-31 13993109 core:Vehicles 2024-04-01 2025-03-31 13993109 countries:England 2024-04-01 2025-03-31 13993109 bus:FRS102 2024-04-01 2025-03-31 13993109 bus:FilletedAccounts 2024-04-01 2025-03-31 13993109 2025-03-31 13993109 core:WithinOneYear 2025-03-31 13993109 core:AfterOneYear 2025-03-31 13993109 core:ShareCapital 2025-03-31 13993109 core:RetainedEarningsAccumulatedLosses 2025-03-31 13993109 core:Goodwill 2025-03-31 13993109 core:PlantMachinery 2025-03-31 13993109 core:Vehicles 2025-03-31 13993109 2024-03-31 13993109 core:Goodwill 2024-03-31 13993109 core:PlantMachinery 2024-03-31 13993109 core:Vehicles 2024-03-31 iso4217:GBP xbrli:pure