Company Registration No. 09929295 (England and Wales)
Riverside Remnants & Innovation Ltd
Unaudited accounts
for the year ended 31 March 2025
Riverside Remnants & Innovation Ltd
Unaudited accounts
Contents
Riverside Remnants & Innovation Ltd
Company Information
for the year ended 31 March 2025
Company Number
09929295 (England and Wales)
Accountants
Rossmore Accountants Limited
Riverside Remnants & Innovation Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
38,585
48,103
Cash at bank and in hand
9,907
18,674
Creditors: amounts falling due within one year
(600)
(40,041)
Net current assets
29,998
8,565
Total assets less current liabilities
68,583
56,668
Creditors: amounts falling due after more than one year
(40,365)
(48,450)
Provisions for liabilities
Deferred tax
(7,331)
(8,899)
Net assets/(liabilities)
20,887
(681)
Called up share capital
100
100
Profit and loss account
20,787
(781)
Shareholders' funds
20,887
(681)
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 22 December 2025 and were signed on its behalf by
Brian Williams
Director
Company Registration No. 09929295
Riverside Remnants & Innovation Ltd
Notes to the Accounts
for the year ended 31 March 2025
Riverside Remnants & Innovation Ltd is a private company, limited by shares, registered in England and Wales, registration number 09929295.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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.
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:
Plant & machinery
25% reducing balance
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.
Riverside Remnants & Innovation Ltd
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
4
Tangible fixed assets
Plant & machinery
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
29,666
37,082
Amounts falling due within one year
Trade debtors
10,455
5,440
Other debtors
4,236
18,492
Riverside Remnants & Innovation Ltd
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
13,853
23,030
Obligations under finance leases and hire purchase contracts
5,671
5,671
Trade creditors
(31,617)
2,016
Taxes and social security
4,053
3,774
Loans from directors
753
-
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
33,219
37,903
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).