Riviera Electrical Services Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 09798464 (England and Wales)

Unaudited Financial Statements

For The Period 1 February 2016 to 31 March 2017

for

Riviera Electrical Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R I Williams

Mrs W Stanley-Williams

REGISTERED OFFICE:

6 Becketts Close

Byfield

Daventry

Northamptonshire

NN11 6XS

REGISTERED NUMBER:

09798464 (England and Wales)

ACCOUNTANTS:

Cottons Accountants LLP

The Stables

Church Walk

Daventry

Northamptonshire

NN11 4BL

FIXED ASSETS

Intangible assets

4

9,900

Tangible assets

5

4,384

14,284

CURRENT ASSETS

Stocks

6

2,805

Debtors

7

3,431

Cash at bank and in hand

330

6,566

CREDITORS

Amounts falling due within one year

8

19,393

NET CURRENT LIABILITIES

(12,827

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,457

PROVISIONS FOR LIABILITIES

877

NET ASSETS

580

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

10

480

SHAREHOLDERS' FUNDS

580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 17 October 2017 and were signed on its behalf by:

Mr R I Williams - Director

1.	STATUTORY INFORMATION

Riviera Electrical Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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 period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

11,000

At 31 March 2017

11,000

AMORTISATION

Charge for period

1,100

At 31 March 2017

1,100

NET BOOK VALUE

At 31 March 2017

9,900

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

Additions

2,655

10

3,038

298

6,001

At 31 March 2017

2,655

10

3,038

298

6,001

DEPRECIATION

Charge for period

605

10

886

116

1,617

At 31 March 2017

605

10

886

116

1,617

NET BOOK VALUE

At 31 March 2017

2,050

-

2,152

182

4,384

6.

STOCKS

£

Stocks

2,805

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

1,867

Prepayments

1,564

3,431

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

3,027

Tax

5,771

Other creditors

271

Directors' current accounts

9,124

Accrued expenses

1,200

19,393

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary A

£1

100

10.

RESERVES

Retained

earnings

£

Profit for the period

18,980

Dividends

(18,500

)

At 31 March 2017

480

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £18,500 were paid to the director.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr R I Williams.