REGISTERED NUMBER: 07080397 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

RIVER MANUFACTURING LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

B M Yaseen

P Newbury

REGISTERED OFFICE:

61-63 Windmill Road

Sunbury-on-Thames

Middlesex

TW16 7DT

REGISTERED NUMBER:

07080397 (England and Wales)

ACCOUNTANTS:

Wells Associates

Ground Floor Oakhurst House

77 Mount Ephraim

Tunbridge Wells

Kent

TN4 8BS

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

84,065

100,512

84,065

100,512

CURRENT ASSETS

Inventories

84,476

97,330

Debtors

6

654,826

406,949

Cash at bank and in hand

70,480

81,538

809,782

585,817

CREDITORS

Amounts falling due within one year

7

(320,627

)

(245,421

)

NET CURRENT ASSETS

489,155

340,396

TOTAL ASSETS LESS CURRENT LIABILITIES

573,220

440,908

CREDITORS

Amounts falling due after more than one year

8

(569,309

)

(474,503

)

PROVISIONS FOR LIABILITIES

(14,721

)

(16,949

)

NET LIABILITIES

(10,810

)

(50,544

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

(20,810

)

(60,544

)

(10,810

)

(50,544

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2025 and were signed on its behalf by:

B M Yaseen - Director

1.	STATUTORY INFORMATION

River Manufacturing 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 fair value of the consideration received or receivable for the sale of goods, excluding value added tax. This is recognised when the significant risks and rewards of ownership for the goods has transferred to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

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

Tangible fixed assets

Tangible assets are stated at cost less accumulated depreciation. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under finance lease, over the lease term, whichever is the shorter.

Plant & machinery - at varying rates on cost

Improvements to property - over the lease term

Motor vehicles - 33.33% on cost

Office equipment - 33.33% on cost

On disposal, the difference between net proceeds and the carrying amount of the item sold is recognised in the profit and loss account.

Stocks

Stock and work in progress are valued at the lower of cost and net realisable value. Cost of finished goods and work in progress includes overheads appropriate to the stage of manufacture. Net realisable value is based upon estimated selling price less further costs expected to be incurred to completion. Provision is made for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2023

and 30 November 2024

8,500

AMORTISATION

At 1 December 2023

and 30 November 2024

8,500

NET BOOK VALUE

At 30 November 2024

-

At 30 November 2023

-

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

to

Plant and

Office

Motor

property

machinery

Equipment

vehicles

Totals

£

£

£

£

£

COST

At 1 December 2023

74,531

285,706

52,170

20,697

433,104

Additions

-

12,596

1,807

-

14,403

At 30 November 2024

74,531

298,302

53,977

20,697

447,507

DEPRECIATION

At 1 December 2023

41,305

222,375

48,215

20,697

332,592

Charge for year

14,405

13,469

2,976

-

30,850

At 30 November 2024

55,710

235,844

51,191

20,697

363,442

NET BOOK VALUE

At 30 November 2024

18,821

62,458

2,786

-

84,065

At 30 November 2023

33,226

63,331

3,955

-

100,512

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 December 2023

and 30 November 2024

54,985

DEPRECIATION

At 1 December 2023

16,954

Charge for year

5,498

At 30 November 2024

22,452

NET BOOK VALUE

At 30 November 2024

32,533

At 30 November 2023

38,031

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

189,471

138,761

Other debtors

75,301

53,104

Directors' current accounts

-

141

Tax

50,884

50,884

Prepayments and accrued income

339,170

164,059

654,826

406,949

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

54,693

66,987

Hire purchase contracts

10,715

10,289

Trade creditors

72,904

68,658

Tax

56,201

4,616

Social security and other taxes

16,022

17,887

VAT

45,355

35,865

Other creditors

7,434

6,747

Accrued expenses

57,303

34,372

320,627

245,421

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

-

54,693

Hire purchase contracts

912

11,627

Other creditors

568,397

408,183

569,309

474,503

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

11,627

21,916

10.	FINANCIAL INSTRUMENTS

Financial instruments are classified by directors as basic or advanced following the conditions on FRS102 Section 11. Basic financial instruments are initially measured at transaction price and subsequently recognised at amortised cost using the effective interest method The company does not have any advanced financial instruments.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024

2023

£

£

B M Yaseen

Balance outstanding at start of year

141

170,343

Amounts advanced

-

54,202

Amounts repaid

(141

)

(224,404

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

141

Interest is charged on this loan at 3% and the balance is repayable on demand.