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Registration number: 07188206

Riverside Motors (SW) Limited
Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 March 2025

Riverside Motors (SW) Limited

Contents

Company Information | 1
Accountants' Report | 2
Abridged Balance Sheet | 3 to 4
Notes to the Unaudited Abridged Financial Statements | 5 to 10

Riverside Motors (SW) Limited

Company Information

Directors | Mrs Sheila Frances Clarke Mr David Francis Clarke Mr Simon David Clarke Mrs Sarah Louise Sanders

Registered office | Riverside House Exeter Road Ottery St Mary Devon EX11 1NR

Accountants | Easterbrook Eaton Limited Chartered AccountantsEasterbrook Eaton Limited Old Fore Street Sidmouth Devon Devon EX10 8LS

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Riverside Motors (SW) Limited
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Riverside Motors (SW) Limited for the year ended 31 March 2025 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Riverside Motors (SW) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Riverside Motors (SW) Limited and state those matters that we have agreed to state to the Board of Directors of Riverside Motors (SW) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Riverside Motors (SW) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Riverside Motors (SW) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Riverside Motors (SW) Limited. You consider that Riverside Motors (SW) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Riverside Motors (SW) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Easterbrook Eaton Limited
Chartered Accountants
Easterbrook Eaton Limited
Old Fore Street
Sidmouth Devon
Devon
EX10 8LS

9 December 2025

Riverside Motors (SW) Limited

(Registration number: 07188206)
Abridged Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 5,000 | 10,000
Tangible assets | 5 | 356,380 | 353,612
|  | 361,380 | 363,612
Current assets |  |  |
Stocks | 6 | 9,289 | 10,362
Debtors |  | 18,330 | 19,898
Cash at bank and in hand |  | 35,779 | 57,432
|  | 63,398 | 87,692
Prepayments and accrued income |  | 24,752 | 14,687
Creditors: Amounts falling due within one year |  | (172,252) | (216,362)
Net current liabilities |  | (84,102) | (113,983)
Total assets less current liabilities |  | 277,278 | 249,629
Creditors: Amounts falling due after more than one year |  | (35,416) | (40,056)
Accruals and deferred income |  | (4,200) | (4,200)
Net assets |  | 237,662 | 205,373
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | 237,562 | 205,273
Shareholders' funds |  | 237,662 | 205,373

For the financial 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.

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.

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

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 Profit and Loss Account.

Approved and authorised by the Board on 9 December 2025 and signed on its behalf by:

Riverside Motors (SW) Limited

(Registration number: 07188206)
Abridged Balance Sheet as at 31 March 2025

......................................... Mrs Sheila Frances Clarke Director
......................................... Mr David Francis Clarke Director

Riverside Motors (SW) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

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:
Riverside House
Exeter Road
Ottery St Mary
Devon
EX11 1NR

The principal place of business is:
Exeter Road
Ottery St Mary
Devon
EX11 1RE

These financial statements were authorised for issue by the Board on 9 December 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.

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.

Tax

The tax expense for the period comprises current 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.

Riverside Motors (SW) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

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 and equipment | 15% reducing balance basis
Trailers | 15% reducing balance basis
Motor vehicles | 25% reducing balance basis
Computer equipment | 50% reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life.
An impairment review of Goodwill was carried out in 2017 as a result of which the amortisation rate has been established to accommodate an anticipated useful life of Goodwill of ten years from that date, as follows:

Asset class | Amortisation method and rate
Goodwill | 10% straight line basis

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 Motors (SW) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) 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.

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.

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.

Riverside Motors (SW) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

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 15 (2024 - 15).

Riverside Motors (SW) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

4 | Intangible assets

| Total £
Cost or valuation
At 1 April 2024 | 30,000
At 31 March 2025 | 30,000
Amortisation
At 1 April 2024 | 20,000
Amortisation charge | 5,000
At 31 March 2025 | 25,000
Carrying amount
At 31 March 2025 | 5,000
At 31 March 2024 | 10,000

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 198,715 | 126,680 | 224,284 | 549,679
Additions | - | 41,758 | - | 41,758
At 31 March 2025 | 198,715 | 168,438 | 224,284 | 591,437
Depreciation
At 1 April 2024 | - | 51,670 | 144,397 | 196,067
Charge for the year | - | 19,017 | 19,973 | 38,990
At 31 March 2025 | - | 70,687 | 164,370 | 235,057
Carrying amount
At 31 March 2025 | 198,715 | 97,751 | 59,914 | 356,380
At 31 March 2024 | 198,715 | 75,010 | 79,887 | 353,612

Included within the net book value of land and buildings above is £198,715 (2024 - £198,715) in respect of freehold land and buildings.

Riverside Motors (SW) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 9,289 | 10,362

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100