Riverlight Limited
Contents
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Company Information |
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Statement of Financial Position |
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Notes to the Financial Statements |
Registration number:
Riverlight Limited
for the Year Ended 31 March 2026
Riverlight Limited
Contents
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Company Information |
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Statement of Financial Position |
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Notes to the Financial Statements |
Riverlight Limited
Company Information
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Directors |
D J Ambrose A R Ambrose |
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Registered office |
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Accountants |
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Riverlight Limited
(Registration number: 09620193)
Statement of Financial Position as at 31 March 2026
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Note |
2026 |
2025 |
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Non-current assets |
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Intangible assets |
- |
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Property, plant and equipment |
- |
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- |
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Current assets |
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Inventories |
- |
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Receivables |
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Cash at bank and in hand |
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Payables: Amounts falling due within one year |
( |
( |
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Net current assets/(liabilities) |
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( |
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Total assets less current liabilities |
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Payables: Amounts falling due after more than one year |
- |
( |
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Provisions for liabilities |
- |
( |
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Net assets |
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Equity |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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Riverlight Limited
(Registration number: 09620193)
Statement of Financial Position as at 31 March 2026 (continued)
For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements of Riverlight Limited were approved and authorised for issue by the
.........................................
Director
Riverlight Limited
Notes to the Financial Statements
for the Year Ended 31 March 2026
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General information |
Riverlight Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors' report on page 2.
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Accounting policies |
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.
Revenue
Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities and is net of Value Added Tax
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Riverlight Limited
Notes to the Financial Statements
for the Year Ended 31 March 2026 (continued)
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2 |
Accounting policies (continued) |
Property, plant and equipment
Property, plant and equipment are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of property, plant and equipment includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Plant and machinery |
33% on cost |
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Furniture and fittings |
20% on cost |
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Computer equipment |
33% on cost |
Goodwill
Goodwill is amortised over its useful life of 7 years.
Intangible assets
The costs of acquiring the franchise fee operated by the company is capitalised and amortised evenly over it's life of 5 years.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and subject to an insignificant risk of change in value.
Receivables
Trade receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of receivable is established when there is objective evidence that the Company will not be
able to collect all amounts due according to the original terms of the receivables.
Inventories
Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
Riverlight Limited
Notes to the Financial Statements
for the Year Ended 31 March 2026 (continued)
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2 |
Accounting policies (continued) |
Payables
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Riverlight Limited
Notes to the Financial Statements
for the Year Ended 31 March 2026 (continued)
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Accounting policies (continued) |
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Taxation |
Tax charged/(credited) in the income statement
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2026 |
2025 |
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Current taxation |
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UK corporation tax |
( |
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Deferred taxation |
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Arising from origination and reversal of timing differences |
( |
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Tax (receipt)/expense in the income statement |
( |
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Riverlight Limited
Notes to the Financial Statements
for the Year Ended 31 March 2026 (continued)
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Taxation (continued) |
The standard rate of UK corporation tax applied to the reported profit before tax for the year is
The difference between the total tax charge shown above and the amount calculated by applying the standard rate of UK corporation tax to the profit before tax is as follows:
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2026 |
2025 |
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(Loss)/profit before tax |
( |
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Corporation tax at standard rate |
( |
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Tax decrease from other short-term timing differences |
( |
( |
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Effect of expense not deductible in determining taxable profit (tax loss) |
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Tax decrease from other tax effects |
( |
- |
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Total tax (credit)/charge |
( |
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Deferred tax
Deferred tax assets and liabilities
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2025 |
Asset |
Liability |
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Accelerated tax depreciation |
- |
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- |
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Riverlight Limited
Notes to the Financial Statements
for the Year Ended 31 March 2026 (continued)
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Intangible assets |
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Goodwill |
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Cost |
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At 1 April 2025 |
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Disposals |
( |
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At 31 March 2026 |
- |
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Amortisation |
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At 1 April 2025 |
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Amortisation eliminated on disposals |
( |
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At 31 March 2026 |
- |
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Carrying amount |
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At 31 March 2026 |
- |
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At 31 March 2025 |
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Property, plant and equipment |
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Furniture, fittings and equipment |
Plant and machinery |
Total |
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Cost |
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At 1 April 2025 |
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Disposals |
( |
( |
( |
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At 31 March 2026 |
- |
- |
- |
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Depreciation |
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At 1 April 2025 |
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Eliminated on disposal |
( |
( |
( |
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At 31 March 2026 |
- |
- |
- |
Riverlight Limited
Notes to the Financial Statements
for the Year Ended 31 March 2026 (continued)
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6 |
Property, plant and equipment (continued) |
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Furniture, fittings and equipment |
Plant and machinery |
Total |
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Carrying amount |
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At 31 March 2026 |
- |
- |
- |
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At 31 March 2025 |
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Inventories |
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2026 |
2025 |
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Other inventories |
- |
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Receivables |
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Note |
2026 |
2025 |
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Trade receivables |
- |
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Other receivables |
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- |
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Prepayments |
- |
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Corporation tax |
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- |
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Cash and cash equivalents |
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2026 |
2025 |
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Cash at bank |
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Riverlight Limited
Notes to the Financial Statements
for the Year Ended 31 March 2026 (continued)
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Payables |
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Note |
2026 |
2025 |
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Due within one year |
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Loans and borrowings |
- |
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Trade payables |
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Taxation and social security |
( |
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Accruals and deferred income |
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Other payables |
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Note |
2026 |
2025 |
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Due after one year |
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Loans and borrowings |
- |
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Riverlight Limited
Notes to the Financial Statements
for the Year Ended 31 March 2026 (continued)
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Share capital and reserves |
Allotted, called up and fully paid shares
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2026 |
2025 |
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No. |
£ |
No. |
£ |
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50 |
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50 |
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50 |
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50 |
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Rights of shares
Different rates of dividends may be declared for each class of share and dividends may be declared for one class of share and not for the other class.
The shares rank pari passu in all other aspects.
Reserves
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.