REGISTERED NUMBER: 08078970 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

RIVERSIDE ENGINEERING INC. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P A Pichowski

REGISTERED OFFICE:

1Unit 1 Admiral Court

Nelson Road

Dartmouth

Devon

TQ6 9HU

REGISTERED NUMBER:

08078970 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

The Cooperative Bank

160 Armada Way

Plymouth

Devon

PL1 1LF

FIXED ASSETS

Intangible assets

4

1,015

1,015

Tangible assets

5

7,090

8,431

8,105

9,446

CURRENT ASSETS

Stocks

6

2,600

2,750

Debtors

7

14,785

25,479

Cash at bank

10,495

25,708

27,880

53,937

CREDITORS

Amounts falling due within one year

8

20,465

28,184

NET CURRENT ASSETS

7,415

25,753

TOTAL ASSETS LESS CURRENT LIABILITIES

15,520

35,199

CREDITORS

Amounts falling due after more than one year

9

(1,594

)

(7,853

)

PROVISIONS FOR LIABILITIES

(1,347

)

(1,602

)

NET ASSETS

12,579

25,744

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

12,479

25,644

SHAREHOLDERS' FUNDS

12,579

25,744

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2025 and were signed by:

Mr P A Pichowski - Director

1.	STATUTORY INFORMATION

Riverside Engineering Inc. Limited 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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 NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

Moorings

Totals

£

£

£

COST

At 1 June 2024

and 31 May 2025

1,015

1,015

2,030

AMORTISATION

At 1 June 2024

and 31 May 2025

1,015

-

1,015

NET BOOK VALUE

At 31 May 2025

-

1,015

1,015

At 31 May 2024

-

1,015

1,015

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 June 2024

9,344

23,304

8,319

40,967

Additions

-

-

1,190

1,190

At 31 May 2025

9,344

23,304

9,509

42,157

DEPRECIATION

At 1 June 2024

8,302

16,152

8,082

32,536

Charge for year

208

1,789

534

2,531

At 31 May 2025

8,510

17,941

8,616

35,067

NET BOOK VALUE

At 31 May 2025

834

5,363

893

7,090

At 31 May 2024

1,042

7,152

237

8,431

6.

STOCKS

2025

2024

£

£

Stocks

2,600

2,750

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

7,561

4,868

Directors' current accounts

6,605

19,940

Prepayments

619

671

14,785

25,479

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,265

6,110

Trade creditors

4,384

8,650

Tax

6,275

6,410

VAT

1,384

4,926

Accrued expenses

2,157

2,088

20,465

28,184

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

1,594

7,853

10.	OTHER FINANCIAL COMMITMENTS

At 31/05/2025, the company had total commitments under non-cancellable operating leases over the remaining life of the those leases of £0 (2024 £7,537).

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

2025

2024

£

£

Mr P A Pichowski

Balance outstanding at start of year

19,940

16,792

Amounts advanced

26,608

21,088

Amounts repaid

(39,943

)

(17,940

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,605

19,940

Loans are unsecured and repayable on demand. Interest is charged at 2.5% in the year on debit loan balances.

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £38,500 (2024 - £17,000) were paid to the director .