2022-12-012023-11-302023-11-30false04119701Riders of Bridgwater 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Riders of Bridgwater Ltd

Registered Number
04119701
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

Riders of Bridgwater Ltd
Company Information
for the year from 1 December 2022 to 30 November 2023

Directors

M P Jessopp
P S Jessopp
S M Massey

Company Secretary

P S Jessopp

Registered Address

107 North Street
Martock
Somerset
TA12 6EJ

Registered Number

04119701 (England and Wales)
Riders of Bridgwater Ltd
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3791,325785,770
791,325785,770
Current assets
Stocks3,974,7753,536,201
Debtors4160,917289,065
Cash at bank and on hand656,075481,729
4,791,7674,306,995
Creditors amounts falling due within one year5(422,925)(158,363)
Net current assets (liabilities)4,368,8424,148,632
Total assets less current liabilities5,160,1674,934,402
Provisions for liabilities(37,615)(32,805)
Net assets5,122,5524,901,597
Capital and reserves
Called up share capital349349
Other reserves11
Profit and loss account5,122,2024,901,247
Shareholders' funds5,122,5524,901,597
The financial statements were approved and authorised for issue by the Board of Directors on 18 March 2024, and are signed on its behalf by:
M P Jessopp
Director
P S Jessopp
Director

Registered Company No. 04119701
Riders of Bridgwater Ltd
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-2
Plant and machinery10-
Fixtures and fittings10-
Vehicles25-
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year4139
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 December 221,783,120
Additions57,968
Disposals(5,233)
At 30 November 231,798,045
Depreciation and impairment
At 01 December 22997,350
Charge for year47,180
At 30 November 231,006,720
Net book value
At 30 November 23791,325
At 30 November 22785,770
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables30,83216,513
Amounts owed by associates and joint ventures / participating interests100,000145,347
Other debtors5,229101,287
Prepayments and accrued income24,85625,918
Total160,917289,065
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables297,86727,329
Amounts owed to related parties402402
Taxation and social security81816,020
Accrued liabilities and deferred income123,838114,612
Total422,925158,363
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Related party transactions
The following is a summary of the directors' transactions with the company: P S Jessopp: Rents received from the company £60,000 (2022: £60,000) Other amounts £2,000 ( 2022 £2,500 ) Dividends received from the company £Nil (2022 £70,000) S M Massey Other amounts £ 1,600 ( 2022 £ 1,900 ) M P Jessopp Dividends received from the company £Nil ( 2022 £30,000 ) P S J Properties Ltd Management charge received from the company £Nil ( 2022 £45,544 ) Rent received from the company £ 15,000 ( 2022 £15,000 ) Balance owed to the company at 30 November 2023 £ 100,000 ( 2022 £ 145,347 ) Balance owed from the company at 30 November 2023 £Nil ( 2022 £ Nil ) The amounts owed to PSJ Properties Ltd are interest free and repayable on demand. PSJ Properties Ltd is an associated company, controlled by P S Jessopp. Rent is charged at arms length . Also during the year the company bought services from PSJ Properties Ltd for the sum of £1,511 (2022 £1,460 ) which is charged at arms length. The company was under the ultimate control of Mr P S Jessopp who is a director and majority shareholder.