Company Registration No. 08383146 (England and Wales)
RIVERSIDE EDUCATION LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
RIVERSIDE EDUCATION LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
RIVERSIDE EDUCATION LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 1 -
2016
Notes
£
£
Fixed assets
Tangible assets
2
12,484
Current assets
Debtors
41,825
Cash at bank and in hand
137,468
179,293
Creditors: amounts falling due within one year
(148,838)
Net current assets
30,455
Total assets less current liabilities
42,939
Capital and reserves
Called up share capital
3
1
Profit and loss account
42,938
Shareholders' funds
42,939
For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 31 May 2017
Mr A Copeland
Director
Company Registration No. 08383146
RIVERSIDE EDUCATION LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% reducing balance
Fixtures, fittings & equipment
33% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2015
-
Additions
18,726
At 31 August 2016
18,726
Depreciation
At 1 September 2015
-
Charge for the year
6,242
At 31 August 2016
6,242
Net book value
At 31 August 2016
12,484
3
Share capital
2016
£
Allotted, called up and fully paid
1 Ordinary of £1 each
1