Company No: 06900924 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Financial Statements

DIRECTOR

Mr R S Burmingham

REGISTERED OFFICE	Steel Fields Estate
	Owens Way
	Gillingham
	ME7 2RT
	United Kingdom

COMPANY NUMBER

06900924 (England and Wales)

ACCOUNTANT	Burgess Hodgson Limited
	Camburgh House
	27 New Dover Road
	Canterbury
	Kent
	CT1 3DN

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	872,811		912,181
		872,811		912,181
Current assets
Stocks		93,832		136,358
Debtors	5	1,962,978		1,864,828
Cash at bank and in hand		86,455		162,750
		2,143,265		2,163,936
Creditors: amounts falling due within one year	6	( 1,341,870)		( 1,414,662)
Net current assets		801,395		749,274
Total assets less current liabilities		1,674,206		1,661,455
Creditors: amounts falling due after more than one year	7	( 93,900)		( 280,314)
Provision for liabilities		( 194,904)		( 193,052)
Net assets		1,385,402		1,188,089
Capital and reserves
Called-up share capital		1		1
Profit and loss account		1,385,401		1,188,088
Total shareholder's funds		1,385,402		1,188,089

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.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of River Profiles Limited (registered number: 06900924) were approved and authorised for issue by the Director on 05 January 2026. They were signed on its behalf by:

Mr R S Burmingham Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

River Profiles Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Steel Fields Estate, Owens Way, Gillingham, ME7 2RT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

Current tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Leasehold improvements	not depreciated
Plant and machinery	5 years straight line
Vehicles	4 years straight line
Fixtures and fittings	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Impairment of assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of contractual arrangements entered into.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the director is required to make judgements that have a significant impact on the amounts recognised. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

3. Employees

	2025		2024
	Number		Number
The average number of persons employed by the company during the year amounted to:	28		39

4. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 April 2024	89,033		2,826,972		114,261		65,785		3,096,051
Additions	0		5,367		72,500		0		77,867
At 31 March 2025	89,033		2,832,339		186,761		65,785		3,173,918
Accumulated depreciation
At 01 April 2024	5,565		2,062,059		53,249		62,997		2,183,870
Charge for the financial year	5,565		82,746		27,554		1,372		117,237
At 31 March 2025	11,130		2,144,805		80,803		64,369		2,301,107
Net book value
At 31 March 2025	77,903		687,534		105,958		1,416		872,811
At 31 March 2024	83,468		764,913		61,012		2,788		912,181

5. Debtors

	2025		2024
	£		£
Trade debtors	979,590		960,181
Amounts owed by Group undertakings	877,275		793,389
Corporation tax	0		10,120
Other debtors	106,113		101,138
	1,962,978		1,864,828

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	464,972		447,347
Trade creditors	488,272		668,705
Taxation and social security	115,867		50,736
Obligations under finance leases and hire purchase contracts	241,937		216,903
Other creditors	30,822		30,971
	1,341,870		1,414,662

Included in Bank loans and overdrafts is £464,972 (2024: £447,347) advanced to the company by HSBC Invoice Finance (UK) Limited, which is secured over the book debts purchased by the factor and all other assets of the company. HSBC has full recourse on the company for unpaid debts.

There is a fixed charge held by HSBC Asset Finance (UK) Ltd and HSBC Equipment Finance (UK) Ltd over assets owned by the company.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	93,900		280,314

There is a fixed charge held by HSBC Asset Finance (UK) Ltd and HSBC Equipment Finance (UK) Ltd over assets owned by the company.

8. Related party transactions

Transactions with owners holding a participating interest in the entity

	2025		2024
	£		£
At the year end, the company owed a group company:	877,275		793,389

9. Ultimate controlling party

The company's ultimate parent company is River Profiles Holdings Limited, a company incorporated in England and Wales. River Profiles Holdings Limited's registered address is Steel Fields Estate, Owens Way, Gillingham, Kent, United Kingdom, ME7 2RT.