REGISTERED NUMBER: 07498290 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Riverdale Electrical Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Oaten

Mrs J M Oaten

SECRETARY:

R J Oaten

REGISTERED OFFICE:

29 Battens Lane

Bristol

BS5 8TG

REGISTERED NUMBER:

07498290 (England and Wales)

ACCOUNTANTS:

Dolman's Chartered Accountants

The Mews

Hounds Road

Chipping Sodbury

Bristol

BS37 6EE

FIXED ASSETS

Tangible assets

4

8,816

11,860

CURRENT ASSETS

Stocks

750

560

Debtors

5

134,690

140,735

Cash at bank and in hand

4,871

13,452

140,311

154,747

CREDITORS

Amounts falling due within one year

6

409,564

310,976

NET CURRENT LIABILITIES

(269,253

)

(156,229

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(260,437

)

(144,369

)

CREDITORS

Amounts falling due after more than one year

7

51,028

73,711

NET LIABILITIES

(311,465

)

(218,080

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(311,565

)

(218,180

)

SHAREHOLDERS' FUNDS

(311,465

)

(218,080

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 28 December 2025 and were signed on its behalf by:

R J Oaten - Director

1.	STATUTORY INFORMATION

Riverdale Electrical Ltd 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 the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance and 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 4 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

36,788

DEPRECIATION

At 1 April 2024

24,928

Charge for year

3,044

At 31 March 2025

27,972

NET BOOK VALUE

At 31 March 2025

8,816

At 31 March 2024

11,860

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

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

19,091

DEPRECIATION

At 1 April 2024

10,171

Charge for year

2,230

At 31 March 2025

12,401

NET BOOK VALUE

At 31 March 2025

6,690

At 31 March 2024

8,920

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

131,686

132,522

Amounts recoverable on contract

-

5,949

Other debtors

3,004

2,264

134,690

140,735

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

20,973

5,556

Hire purchase contracts (see note 8)

3,044

3,139

Trade creditors

224,719

133,392

Taxation and social security

21,232

17,484

Other creditors

139,596

151,405

409,564

310,976

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

26,195

29,167

Hire purchase contracts (see note 8)

4,000

7,044

Other creditors

20,833

37,500

51,028

73,711

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

3,044

3,139

Between one and five years

4,000

7,044

7,044

10,183

The above hire purchase contracts are at a market rate of interest. Further interest of £2,963 will be payable on these contracts, of which £1,236 is due within 1 year.

9.	OTHER FINANCIAL COMMITMENTS

The company has loans at a market rate of interest. The capital amounts outstanding, included within creditors, are:

2025

2024

Payable:

£

£

Within one year

34,791

79,616

Between one and five year

20,833

37,500

55,624

17,116

Further interest/charges of £27,392 will be payable on these loans, of which £12,979 is due within 1 year.

In addition the company has a bank bounce back loan of £50,000 repayable from July 2021 over 9 years at a rate of interest of 2.5% per annum.

10.	RELATED PARTY DISCLOSURES

Loans of £53841 (2024 £16,655) have been provided to the company by directors.

The above loans are unsecured, interest free and repayable on demand.