IRIS Accounts Production v24.1.0.578 09750090 director 1.7.22 30.6.23 30.6.23 false true false false false true false Ordinary 1.00000 Ordinary "A" 1.00000 Ordinary "B" 1.00000 Ordinary "C" 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097500902022-06-30097500902023-06-30097500902022-07-012023-06-30097500902021-06-30097500902021-07-012022-06-30097500902022-06-3009750090ns15:EnglandWales2022-07-012023-06-3009750090ns14:PoundSterling2022-07-012023-06-3009750090ns10:Director12022-07-012023-06-3009750090ns10:PrivateLimitedCompanyLtd2022-07-012023-06-3009750090ns10:SmallEntities2022-07-012023-06-3009750090ns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3009750090ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3009750090ns10:SmallCompaniesRegimeForAccounts2022-07-012023-06-3009750090ns10:FullAccounts2022-07-012023-06-300975009012022-07-012023-06-3009750090ns10:OrdinaryShareClass12022-07-012023-06-3009750090ns10:OrdinaryShareClass22022-07-012023-06-3009750090ns10:OrdinaryShareClass32022-07-012023-06-3009750090ns10:OrdinaryShareClass42022-07-012023-06-3009750090ns10:RegisteredOffice2022-07-012023-06-3009750090ns5:CurrentFinancialInstruments2023-06-3009750090ns5:CurrentFinancialInstruments2022-06-3009750090ns5:Non-currentFinancialInstruments2023-06-3009750090ns5:Non-currentFinancialInstruments2022-06-3009750090ns5:ShareCapital2023-06-3009750090ns5:ShareCapital2022-06-3009750090ns5:RetainedEarningsAccumulatedLosses2023-06-3009750090ns5:RetainedEarningsAccumulatedLosses2022-06-3009750090ns5:NetGoodwill2022-07-012023-06-3009750090ns5:MotorVehicles2022-07-012023-06-3009750090ns5:ComputerEquipment2022-07-012023-06-3009750090ns5:NetGoodwill2022-06-3009750090ns5:NetGoodwill2023-06-3009750090ns5:NetGoodwill2022-06-3009750090ns5:MotorVehicles2022-06-3009750090ns5:ComputerEquipment2022-06-3009750090ns5:MotorVehicles2023-06-3009750090ns5:ComputerEquipment2023-06-3009750090ns5:MotorVehicles2022-06-3009750090ns5:ComputerEquipment2022-06-3009750090ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3009750090ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3009750090ns10:OrdinaryShareClass12023-06-3009750090ns10:OrdinaryShareClass22023-06-3009750090ns10:OrdinaryShareClass32023-06-3009750090ns10:OrdinaryShareClass42023-06-30097500901ns10:Director12022-06-30097500901ns10:Director12021-06-30097500901ns10:Director12022-07-012023-06-30097500901ns10:Director12021-07-012022-06-30097500901ns10:Director12023-06-30097500901ns10:Director12022-06-30
REGISTERED NUMBER: 09750090 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

RIDE PIPELINE LTD

RIDE PIPELINE LTD (REGISTERED NUMBER: 09750090)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RIDE PIPELINE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: P R Webb





REGISTERED OFFICE: The Atrium Business Centre
Curtis Road
Dorking
Surrey
RH4 1XA





REGISTERED NUMBER: 09750090 (England and Wales)





ACCOUNTANTS: Ellis Atkins
Chartered Accountants
The Atrium Business Centre
Curtis Road
Dorking
Surrey
RH4 1XA

RIDE PIPELINE LTD (REGISTERED NUMBER: 09750090)

BALANCE SHEET
30 JUNE 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,000
Tangible assets 5 24,790 25,873
24,790 27,873

CURRENT ASSETS
Debtors 6 127,128 159,049
Cash at bank - 3,892
127,128 162,941
CREDITORS
Amounts falling due within one year 7 107,842 154,198
NET CURRENT ASSETS 19,286 8,743
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,076

36,616

CREDITORS
Amounts falling due after more than one year 8 45,943 50,393
NET LIABILITIES (1,867 ) (13,777 )

CAPITAL AND RESERVES
Called up share capital 9 130 130
Retained earnings (1,997 ) (13,907 )
SHAREHOLDERS' FUNDS (1,867 ) (13,777 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RIDE PIPELINE LTD (REGISTERED NUMBER: 09750090)

BALANCE SHEET - continued
30 JUNE 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2024 and were signed by:





P R Webb - Director


RIDE PIPELINE LTD (REGISTERED NUMBER: 09750090)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Ride Pipeline 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover consists of income derived from the normal operating activities of the company during the year, net of discounts and VAT

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

RIDE PIPELINE LTD (REGISTERED NUMBER: 09750090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 10,000
AMORTISATION
At 1 July 2022 8,000
Amortisation for year 2,000
At 30 June 2023 10,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 2,000

RIDE PIPELINE LTD (REGISTERED NUMBER: 09750090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 29,699 22,592 52,291
Additions 22,895 6,119 29,014
Disposals (29,699 ) (1,808 ) (31,507 )
At 30 June 2023 22,895 26,903 49,798
DEPRECIATION
At 1 July 2022 4,331 22,087 26,418
Charge for year 6,433 1,390 7,823
Eliminated on disposal (7,425 ) (1,808 ) (9,233 )
At 30 June 2023 3,339 21,669 25,008
NET BOOK VALUE
At 30 June 2023 19,556 5,234 24,790
At 30 June 2022 25,368 505 25,873

The net book value of tangible fixed assets includes £ 19,556 (2022 - £ 25,368 ) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade debtors 12,168 33,014
Other debtors 114,960 126,035
127,128 159,049

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Bank loans and overdrafts 3,637 3,637
Hire purchase contracts 5,000 5,346
Trade creditors 5,657 26,134
Taxation and social security 82,561 84,695
Other creditors 10,987 34,386
107,842 154,198

RIDE PIPELINE LTD (REGISTERED NUMBER: 09750090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/23 30/6/22
£    £   
Bank loans 28,836 32,127
Hire purchase contracts 17,107 18,266
45,943 50,393

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 14,055 17,346

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/23 30/6/22
value: £    £   
100 Ordinary £1 100 100
10 Ordinary "A" £1 10 10
10 Ordinary "B" £1 10 10
10 Ordinary "C" £1 10 10
130 130

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30/6/23 30/6/22
£    £   
P R Webb
Balance outstanding at start of year 93,622 93,984
Amounts advanced 4,614 -
Amounts repaid (11,561 ) (362 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 86,675 93,622