Riverbeck Limited - Period Ending 2015-12-31

Registration number: 04833848

Riverbeck Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Riverbeck Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Riverbeck Limited
(Registration number: 04833848)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			507			676
Current assets
Debtors					185,923			47,028
Cash at bank and in hand					465,371			220,924
					651,294			267,952
Creditors: Amounts falling due within one year					(182,674)			(92,223)
Net current assets					468,620			175,729
Total assets less current liabilities					469,127			176,405
Capital and reserves
Called up share capital		3			12			6
Capital redemption reserve					6			6
Profit and loss account					469,109			176,393
Shareholders' funds					469,127			176,405

For the year ending 31 December 2015 the company was entitled to exemption 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 directors acknowledge 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 .

Approved by the Board on 19 September 2016 and signed on its behalf by:

.........................................
G R Leach
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Riverbeck Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of design services provided to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance basis

Deferred tax

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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Riverbeck Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		5,597			5,597
At 31 December 2015		5,597			5,597
Depreciation
At 1 January 2015		4,921			4,921
Charge for the year		169			169
At 31 December 2015		5,090			5,090
Net book value
At 31 December 2015		507			507
At 31 December 2014		676			676

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary A Shares of £1 each		6			6			6			6
Ordinary B Shares of £1 each		6			6			-			-
		12			12			6			6

New shares allotted

During the year 6 Ordinary B shares having an aggregate nominal value of £6 were allotted for an aggregate consideration of £6. These shares were issued as part of a restructuring of the company.

4

Control

The company is controlled by the directors who own 75% of the called up share capital.

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