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Registration number: 05857662

Riverside Aromatics Limited

Filleted Abridged Financial Statements

for the Year Ended 31 October 2024

 

Riverside Aromatics Limited

Contents

Company Information

1

Abridged Statement of Financial Position

2 to 3

Notes to the Abridged Financial Statements

4 to 10

 

Riverside Aromatics Limited

Company Information

Directors

Mrs Karen Cannon

Mr Peter Cannon

Mr Jamie Cannon

Mr Jack Cannon

Company secretary

Mrs Karen Cannon

Registered office

Units 16-18
Slader Business Park
Witney Road
Poole
Dorset
BH17 0GP

Auditors

Brian Paul Limited
Statutory AuditorsChase Green House
42 Chase Side
Enfield
Middlesex
EN2 6NF

 

Riverside Aromatics Limited

(Registration number: 05857662)
Abridged Statement of Financial Position as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

93,391

125,498

Investments

5

85

85

 

93,476

125,583

Current assets

 

Stocks

6

770,297

662,164

Debtors

948,718

695,874

Cash at bank and in hand

 

1,575,690

846,932

 

3,294,705

2,204,970

Prepayments and accrued income

 

68,470

58,596

Creditors: Amounts falling due within one year

(985,605)

(420,700)

Net current assets

 

2,377,570

1,842,866

Total assets less current liabilities

 

2,471,046

1,968,449

Provisions for liabilities

(15,765)

(21,908)

Accruals and deferred income

 

(21,184)

(29,059)

Net assets

 

2,434,097

1,917,482

Capital and reserves

 

Called up share capital

7

80

80

Capital redemption reserve

20

20

Retained earnings

2,433,997

1,917,382

Shareholders' funds

 

2,434,097

1,917,482

All of the company’s members have consented to the preparation of an Abridged Statement of Financial Position in accordance with Section 444(2A) of the Companies Act 2006.

 

Riverside Aromatics Limited

(Registration number: 05857662)
Abridged Statement of Financial Position as at 31 October 2024

These financial statements have been prepared and 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 Income Statement.

Approved and authorised by the Board on 27 July 2025 and signed on its behalf by:
 

Mr Peter Cannon

Director

 

Riverside Aromatics Limited

Notes to the Abridged Financial Statements for the Year Ended 31 October 2024

1

General information

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

The address of its registered office is:
Units 16-18
Slader Business Park
Witney Road
Poole
Dorset
BH17 0GP

These financial statements were authorised for issue by the Board on 27 July 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 abridged 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 abridged 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.

The functional currency of the company is sterling and all amounts rounded to the nearest £1

Summary of disclosure exemptions

The company has a subsidiary but is exempt from preparing group accounts as it is a subsidiary itself of a UK Holding company.

 

Riverside Aromatics Limited

Notes to the Abridged Financial Statements for the Year Ended 31 October 2024

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 28 July 2025 was Parvez Dalal, who signed for and on behalf of Brian Paul Limited.

.........................................

Judgements

In producing these accounts the directors have considered accounting policies & relevant estimates. In the directors' opinion and to the best of their knowledge significant accounting entries are based on facts. However, these accounts do include estimates in relation to the useful life of assets, deferred tax provision and immaterial prepayments and accruals.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates 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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at an average rate during the period 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.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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 income 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.

 

Riverside Aromatics Limited

Notes to the Abridged Financial Statements for the Year Ended 31 October 2024

Tangible assets

Tangible assets are stated in the statement of financial position 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 over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

17.5% Straight line

Office equipment

25% Straight line

Short leasehold improvements

6 years straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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.

 

Riverside Aromatics Limited

Notes to the Abridged Financial Statements for the Year Ended 31 October 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the Average Cost method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 8 (2023 - 8).

 

Riverside Aromatics Limited

Notes to the Abridged Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Short leasehold land and buildings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 November 2023

123,809

117,434

52,158

293,401

Additions

-

-

4,140

4,140

Disposals

-

(3,576)

(11,637)

(15,213)

At 31 October 2024

123,809

113,858

44,661

282,328

Depreciation

At 1 November 2023

32,831

98,484

36,588

167,903

Charge for the year

18,325

11,978

5,953

36,256

Eliminated on disposal

-

(3,585)

(11,637)

(15,222)

At 31 October 2024

51,156

106,877

30,904

188,937

Carrying amount

At 31 October 2024

72,653

6,981

13,757

93,391

At 31 October 2023

90,978

18,950

15,570

125,498

Included within the net book value of land and buildings above is £72,653 (2023 - £90,978) in respect of short leasehold land and buildings.
 

5

Investments

Subsidiaries
£

Cost or valuation

At 1 November 2023

85

Provision

Carrying amount

At 31 October 2024

85

At 31 October 2023

85

 

Riverside Aromatics Limited

Notes to the Abridged Financial Statements for the Year Ended 31 October 2024

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Riverside Aromatics (Europe) BV

Muntstraat 7
4903 PA Oosterhout
Netherlands

Ordinary

100%

100%

6

Stocks

2024
£

2023
£

Finished goods and goods for resale

770,297

662,164

 

Riverside Aromatics Limited

Notes to the Abridged Financial Statements for the Year Ended 31 October 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

80

80

80

80

       

8

Parent and ultimate parent undertaking

The company is a wholly owned subsidiary and was taken over on the 24th July 2018.

 The company's immediate parent is The Riverside Group Holding Company Limited, incorporated in England & Wales.

 The ultimate controlling party is Mr Peter Cannon.