River Aesthetics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08383923 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

River Aesthetics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr C E L Woodward

Dr V J Manning

REGISTERED OFFICE:

898 - 902 Wimborne Road

Moordown

Bournemouth

Dorset

BH9 2DW

REGISTERED NUMBER:

08383923 (England and Wales)

ACCOUNTANTS:

Stephen Penny and Partners Limited

Chartered Certified Accountants

and Business Advisors

898-902 Wimborne Road

Bournemouth

Dorset

BH9 2DW

FIXED ASSETS

Tangible assets

4

167,185

188,103

CURRENT ASSETS

Stocks

51,000

49,000

Debtors

5

133,350

146,125

Cash at bank and in hand

32,275

45,900

216,625

241,025

CREDITORS

Amounts falling due within one year

6

245,495

181,261

NET CURRENT (LIABILITIES)/ASSETS

(28,870

)

59,764

TOTAL ASSETS LESS CURRENT LIABILITIES

138,315

247,867

CREDITORS

Amounts falling due after more than one year

7

(90,187

)

(140,050

)

PROVISIONS FOR LIABILITIES

(35,176

)

(30,766

)

NET ASSETS

12,952

77,051

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

12,852

76,951

12,952

77,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2022 and were signed on its behalf by:

Dr C E L Woodward - Director

1.	STATUTORY INFORMATION

River Aesthetics 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost and 20% on reducing balance

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 Income Statement, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 9 (2021 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

357,643

Additions

51,600

At 31 March 2022

409,243

DEPRECIATION

At 1 April 2021

169,540

Charge for year

72,518

At 31 March 2022

242,058

NET BOOK VALUE

At 31 March 2022

167,185

At 31 March 2021

188,103

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2021

and 31 March 2022

209,658

DEPRECIATION

At 1 April 2021

106,786

Charge for year

18,177

At 31 March 2022

124,963

NET BOOK VALUE

At 31 March 2022

84,695

At 31 March 2021

102,872

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Amounts owed by group undertakings

133,350

142,403

Other debtors

-

3,722

133,350

146,125

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

20,000

15,000

Hire purchase contracts

32,459

64,533

Trade creditors

66,952

16,462

Taxation and social security

93,641

4,130

Other creditors

32,443

81,136

245,495

181,261

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

61,667

85,000

Hire purchase contracts

28,520

55,050

90,187

140,050

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

5,000

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2022 and 31 March 2021:

31.3.22

31.3.21

£

£

Dr V J Manning

Balance outstanding at start of year

(3,551

)

57,749

Amounts repaid

(1,300

)

(61,300

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(4,851

)

(3,551

)

Dr C E L Woodward

Balance outstanding at start of year

(3,551

)

57,749

Amounts repaid

(1,300

)

(61,300

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(4,851

)

(3,551

)