Company Registration No. SC378233 (Scotland)
RIDE 'N' FIT LTD
Unaudited accounts
for the year ended 31 May 2023
RIDE 'N' FIT LTD
Unaudited accounts
Contents
RIDE 'N' FIT LTD
Company Information
for the year ended 31 May 2023
Director
BRIAN GRAHAM EASSON
Company Number
SC378233 (Scotland)
Registered Office
58 CAMPBELL AVENUE
HIGH OVERTON
DUMBARTOM
DUMBARTONSHIRE
G82 3PG
Accountants
Brand Jamieson & Co Ltd
2 Victoria Place
Rutherglen
Glasgow
G73 2JP
RIDE 'N' FIT LTD
Statement of financial position
as at 31 May 2023
Tangible assets
11,768
1,696
Cash at bank and in hand
21,289
6,602
Creditors: amounts falling due within one year
(127,786)
(91,795)
Net current liabilities
(85,037)
(68,083)
Net liabilities
(73,269)
(66,387)
Called up share capital
100
100
Profit and loss account
(73,369)
(66,487)
Shareholders' funds
(73,269)
(66,387)
For the year ending 31 May 2023 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 February 2024 and were signed on its behalf by
BRIAN GRAHAM EASSON
Director
Company Registration No. SC378233
RIDE 'N' FIT LTD
Notes to the Accounts
for the year ended 31 May 2023
RIDE 'N' FIT LTD is a private company, limited by shares, registered in Scotland, registration number SC378233. The registered office is 58 CAMPBELL AVENUE, HIGH OVERTON, DUMBARTOM, DUMBARTONSHIRE, G82 3PG.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2022
12,550
-
12,550
At 31 May 2023
12,550
13,995
26,545
At 1 June 2022
10,854
-
10,854
Charge for the year
424
3,499
3,923
At 31 May 2023
11,278
3,499
14,777
At 31 May 2023
1,272
10,496
11,768
At 31 May 2022
1,696
-
1,696
Amounts falling due within one year
RIDE 'N' FIT LTD
Notes to the Accounts
for the year ended 31 May 2023
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
15,887
10,734
Taxes and social security
4,464
4,465
Loans from directors
100,181
69,687
The controlling party is the director , Mr Brian Easson.
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Average number of employees
During the year the average number of employees was 4 (2022: 4).