General Information
RIVERSIDE (BRIDGE STREET) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11444930, registration address 13 Bridge Street, Stourport On Severn, DY13 8UX.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Land and Buildings |
25 Years Straight Line |
| Fixtures and Fittings |
5 Years Straight Line
|
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
| 2. |
Average number of employees
Average number of employees during the year was 5 (2024 : 6).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Land and Buildings |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 August 2024 |
16,668 |
|
9,186 |
|
25,854 |
| Additions |
541 |
|
- |
|
541 |
| Disposals |
- |
|
- |
|
- |
| At 31 July 2025 |
17,209 |
|
9,186 |
|
26,395 |
| Depreciation |
| At 01 August 2024 |
9,970 |
|
1,469 |
|
11,439 |
| Charge for year |
2,781 |
|
368 |
|
3,149 |
| On disposals |
- |
|
- |
|
- |
| At 31 July 2025 |
12,751 |
|
1,837 |
|
14,588 |
| Net book values |
| Closing balance as at 31 July 2025 |
4,458 |
|
7,349 |
|
11,807 |
| Opening balance as at 01 August 2024 |
6,698 |
|
7,717 |
|
14,415 |
The net book value of Land and Buildings includes £ 7,349 (2024 £7,717) in respect of assets leased under finance leases or hire purchase contracts.
|
| 4. |
Stocks
|
2025
£ |
|
2024
£ |
| Raw Materials |
3,500 |
|
2,700 |
|
3,500 |
|
2,700 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
5,143 |
|
17,861 |
| Bank Loans & Overdrafts |
7,998 |
|
7,998 |
| PAYE & Social Security |
160 |
|
160 |
| Accrued Expenses |
2,169 |
|
1,847 |
| Attachment of Earnings |
258 |
|
- |
| Directors' Current Accounts |
67,087 |
|
70,722 |
| VAT |
58,792 |
|
47,239 |
|
141,607 |
|
145,827 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
1,563 |
|
8,361 |
| Loans |
15,000 |
|
- |
|
16,563 |
|
8,361 |
|
3
|