Riva (UK) Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 02798806

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		88,532		82,626

			88,532		82,626
CURRENT ASSETS
Stocks	5	235,241		309,812
Debtors	6	1,540,344		1,478,826
Cash at bank and in hand		356,252		528,525

		2,131,837		2,317,163
Creditors: Amounts Falling Due Within One Year	7	(522,566 )		(652,068 )

NET CURRENT ASSETS (LIABILITIES)			1,609,271		1,665,095

TOTAL ASSETS LESS CURRENT LIABILITIES			1,697,803		1,747,721

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(18,769 )		(19,676 )

NET ASSETS			1,679,034		1,728,045

CAPITAL AND RESERVES
Called up share capital	9		100		100
Share premium account			5,000		5,000
Profit and Loss Account			1,673,934		1,722,945

SHAREHOLDERS' FUNDS			1,679,034		1,728,045

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Riva (UK) Ltd.

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Joseph Quinlan

Director

07/01/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Riva (UK) Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 02798806 . The registered office is Unit 11 The Bridgeway Centre, Bridge Road, Wrexham Industrial Estate, Wrexham, LL13 9QS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold improvements	4% on cost
Plant & Machinery	25% reducing balance
Fixtures & Fittings	33% reducing balance
Computer Equipment	33% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Riva (UK) Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 60 (2024: 59)

4. Tangible Assets

	Land & Property
	Leasehold improvements	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 May 2024	14,215	475,061	18,723	54,158	562,157
Additions	20,778	971	2,591	4,077	28,417

As at 30 April 2025	34,993	476,032	21,314	58,235	590,574

Depreciation
As at 1 May 2024	2,595	416,121	15,791	45,024	479,531
Provided during the period	1,399	14,931	1,822	4,359	22,511

As at 30 April 2025	3,994	431,052	17,613	49,383	502,042

Net Book Value
As at 30 April 2025	30,999	44,980	3,701	8,852	88,532

As at 1 May 2024	11,620	58,940	2,932	9,134	82,626

5. Stocks

	2025	2024
	£	£
Stock	180,887	254,701
Work in progress	54,354	55,111

	235,241	309,812

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	583,874	750,706
Prepayments and accrued income	34,956	27,460
Other debtors	921,514	700,660

	1,540,344	1,478,826

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Riva (UK) Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	218,233	291,738
Corporation tax	25,265	91,933
Other taxes and social security	33,800	36,891
VAT	220,973	211,349
Other creditors	7,630	9,160
Accruals and deferred income	16,665	10,997

	522,566	652,068

8. Deferred Taxation

The provision for deferred tax is made up of a provision fixed asset timing differences of £19,409 (2024: £20,657) and an asset in respect of short term timing differences of £640 (2024: £981).

	2025	2024
	£	£
Other timing differences	18,769	19,676

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Other Commitments

The Company has a cross guarantee and debenture agreement relating to any monies owed by the ultimate parent company. The amount owed by the ultimate parent company at 30 April 2025 was £1,505,799 (2024: £1,588,131).

11. Related Party Transactions

Included in other debtors is a loan to the ultimate parent company.

The amount due at 30 April 2025 was £914,896 (2024: £695,391). The loan is unsecured, interest-free and repayable on demand.

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