RIVERSHOP LTD

2021-03-012022-02-282022-02-28false11840532RIVERSHOP LTD2022-11-2347910iso4217:GBPxbrli:pure118405322021-03-01118405322022-02-28118405322021-03-012022-02-28118405322020-02-29118405322021-02-28118405322020-02-292021-02-2811840532bus:SmallEntities2021-03-012022-02-2811840532bus:AuditExempt-NoAccountantsReport2021-03-012022-02-2811840532bus:FullAccounts2021-03-012022-02-2811840532bus:PrivateLimitedCompanyLtd2021-03-012022-02-2811840532core:WithinOneYear2022-02-2811840532core:AfterOneYear2022-02-2811840532core:WithinOneYear2021-02-2811840532core:AfterOneYear2021-02-2811840532core:ShareCapital2022-02-2811840532core:SharePremium2022-02-2811840532core:RevaluationReserve2022-02-2811840532core:OtherReservesSubtotal2022-02-2811840532core:RetainedEarningsAccumulatedLosses2022-02-2811840532core:ShareCapital2021-02-2811840532core:SharePremium2021-02-2811840532core:RevaluationReserve2021-02-2811840532core:OtherReservesSubtotal2021-02-2811840532core:RetainedEarningsAccumulatedLosses2021-02-2811840532core:LandBuildings2022-02-2811840532core:PlantMachinery2022-02-2811840532core:Vehicles2022-02-2811840532core:FurnitureFittings2022-02-2811840532core:OfficeEquipment2022-02-2811840532core:NetGoodwill2022-02-2811840532core:IntangibleAssetsOtherThanGoodwill2022-02-2811840532core:ListedExchangeTraded2022-02-2811840532core:UnlistedNon-exchangeTraded2022-02-2811840532core:LandBuildings2021-02-2811840532core:PlantMachinery2021-02-2811840532core:Vehicles2021-02-2811840532core:FurnitureFittings2021-02-2811840532core:OfficeEquipment2021-02-2811840532core:NetGoodwill2021-02-2811840532core:IntangibleAssetsOtherThanGoodwill2021-02-2811840532core:ListedExchangeTraded2021-02-2811840532core:UnlistedNon-exchangeTraded2021-02-2811840532core:LandBuildings2021-03-012022-02-2811840532core:PlantMachinery2021-03-012022-02-2811840532core:Vehicles2021-03-012022-02-2811840532core:FurnitureFittings2021-03-012022-02-2811840532core:OfficeEquipment2021-03-012022-02-2811840532core:NetGoodwill2021-03-012022-02-2811840532core:IntangibleAssetsOtherThanGoodwill2021-03-012022-02-2811840532core:ListedExchangeTraded2021-03-012022-02-2811840532core:UnlistedNon-exchangeTraded2021-03-012022-02-2811840532core:MoreThanFiveYears2021-03-012022-02-2811840532core:Non-currentFinancialInstruments2022-02-2811840532core:Non-currentFinancialInstruments2021-02-2811840532dpl:CostSales2021-03-012022-02-2811840532dpl:DistributionCosts2021-03-012022-02-2811840532dpl:AdministrativeExpenses2021-03-012022-02-2811840532core:LandBuildings2021-03-012022-02-2811840532core:PlantMachinery2021-03-012022-02-2811840532core:Vehicles2021-03-012022-02-2811840532core:FurnitureFittings2021-03-012022-02-2811840532core:OfficeEquipment2021-03-012022-02-2811840532core:NetGoodwill2021-03-012022-02-2811840532core:IntangibleAssetsOtherThanGoodwill2021-03-012022-02-2811840532dpl:GroupUndertakings2021-03-012022-02-2811840532dpl:ParticipatingInterests2021-03-012022-02-2811840532dpl:GroupUndertakingscore:ListedExchangeTraded2021-03-012022-02-2811840532core:ListedExchangeTraded2021-03-012022-02-2811840532dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-03-012022-02-2811840532core:UnlistedNon-exchangeTraded2021-03-012022-02-2811840532dpl:CostSales2020-02-292021-02-2811840532dpl:DistributionCosts2020-02-292021-02-2811840532dpl:AdministrativeExpenses2020-02-292021-02-2811840532core:LandBuildings2020-02-292021-02-2811840532core:PlantMachinery2020-02-292021-02-2811840532core:Vehicles2020-02-292021-02-2811840532core:FurnitureFittings2020-02-292021-02-2811840532core:OfficeEquipment2020-02-292021-02-2811840532core:NetGoodwill2020-02-292021-02-2811840532core:IntangibleAssetsOtherThanGoodwill2020-02-292021-02-2811840532dpl:GroupUndertakings2020-02-292021-02-2811840532dpl:ParticipatingInterests2020-02-292021-02-2811840532dpl:GroupUndertakingscore:ListedExchangeTraded2020-02-292021-02-2811840532core:ListedExchangeTraded2020-02-292021-02-2811840532dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-02-292021-02-2811840532core:UnlistedNon-exchangeTraded2020-02-292021-02-2811840532core:NetGoodwill2022-02-2811840532core:IntangibleAssetsOtherThanGoodwill2022-02-2811840532core:LandBuildings2022-02-2811840532core:PlantMachinery2022-02-2811840532core:Vehicles2022-02-2811840532core:FurnitureFittings2022-02-2811840532core:OfficeEquipment2022-02-2811840532core:AfterOneYear2022-02-2811840532core:WithinOneYear2022-02-2811840532core:ListedExchangeTraded2022-02-2811840532core:UnlistedNon-exchangeTraded2022-02-2811840532core:ShareCapital2022-02-2811840532core:SharePremium2022-02-2811840532core:RevaluationReserve2022-02-2811840532core:OtherReservesSubtotal2022-02-2811840532core:RetainedEarningsAccumulatedLosses2022-02-2811840532core:NetGoodwill2021-02-2811840532core:IntangibleAssetsOtherThanGoodwill2021-02-2811840532core:LandBuildings2021-02-2811840532core:PlantMachinery2021-02-2811840532core:Vehicles2021-02-2811840532core:FurnitureFittings2021-02-2811840532core:OfficeEquipment2021-02-2811840532core:AfterOneYear2021-02-2811840532core:WithinOneYear2021-02-2811840532core:ListedExc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RIVERSHOP LTD

Registered Number
11840532
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2022

RIVERSHOP LTD

Company Information
for the year from 1 March 2021 to 28 February 2022


Directors	MIAH, Muhammed Javed


Registered Address	Unit 4 Central Business Centre
	Great Central Way
	London
	NW10 0UR


Registered Number	11840532 (England and Wales)

RIVERSHOP LTD

Statement of Financial Position
28 February 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	5		4,367		3,255
			4,367		3,255
Current assets
Stocks	6	161,258		88,777
Debtors	7	8,232		6,557
Cash at bank and on hand		7,493		88,531
		176,983		183,865
Creditors amounts falling due within one year	8	(180,863)		(136,843)
Net current assets (liabilities)			(3,880)		47,022
Total assets less current liabilities			487		50,277
Creditors amounts falling due after one year	9		-		(50,000)
Net assets			487		277
Capital and reserves
Called up share capital			1		1
Profit and loss account			486		276
Shareholders' funds			487		277

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Director on 23 November 2022, and are signed on its behalf by:

MIAH, Muhammed Javed
Director
Registered Company No. 11840532

RIVERSHOP LTD

Notes to the Financial Statements
for the year ended 28 February 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Stocks policy
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Government grants and other government assistance policy
	Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Government grants and other government assistance policy

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
 
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

	Going concern
	The company continues to adopt the going concern basis in preparing its financial statements.

4.	Employee information


		2022		2021
	Average number of employees during the year	2		2

5.	Property, plant and equipment

	Office Equipment	Total
	£	£
Cost or valuation
At 01 March 21	4,827	4,827
Additions	2,373	2,373
At 28 February 22	7,200	7,200
Depreciation and impairment
At 01 March 21	1,572	1,572
Charge for year	1,261	1,261
At 28 February 22	2,833	2,833
Net book value
At 28 February 22	4,367	4,367
At 28 February 21	3,255	3,255

6.	Stocks

	2022	2021
	£	£
Other stocks	161,258	88,777
Total	161,258	88,777

7.	Debtors

	2022	2021
	£	£
Other debtors	8,112	4,936
Prepayments and accrued income	120	1,621
Total	8,232	6,557


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

8.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	14,737	12,442
Taxation and social security	7,116	2,334
Other creditors	156,918	120,356
Accrued liabilities and deferred income	2,092	1,711
Total	180,863	136,843


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

9.	Creditors after one year

	2022	2021
	£	£
Bank borrowings and overdrafts	-	50,000
Total	-	50,000