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REGISTERED NUMBER: 04492229 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 OCTOBER 2022 TO 30 NOVEMBER 2023

FOR

RIDE (COVENTRY) LIMITED

RIDE (COVENTRY) LIMITED (REGISTERED NUMBER: 04492229)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RIDE (COVENTRY) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 OCTOBER 2022 TO 30 NOVEMBER 2023







DIRECTORS: D A Atkins
P J Atkins





REGISTERED OFFICE: 1&2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
CV4 8HX





REGISTERED NUMBER: 04492229 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants & Tax Advisors
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

RIDE (COVENTRY) LIMITED (REGISTERED NUMBER: 04492229)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 450 1,520
450 1,520

CURRENT ASSETS
Stocks 6 1,500 87,823
Debtors 7 120 7,752
Cash at bank and in hand 102,874 57,041
104,494 152,616
CREDITORS
Amounts falling due within one year 8 100,620 149,902
NET CURRENT ASSETS 3,874 2,714
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,324

4,234

PROVISIONS FOR LIABILITIES - 380
NET ASSETS 4,324 3,854

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,224 3,754
4,324 3,854

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2023 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.

RIDE (COVENTRY) LIMITED (REGISTERED NUMBER: 04492229)

BALANCE SHEET - continued
30 NOVEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 January 2024 and were signed on its behalf by:





D A Atkins - Director


RIDE (COVENTRY) LIMITED (REGISTERED NUMBER: 04492229)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Ride (Coventry) Limited 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 from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Goodwill
Goodwill was acquired on the purchase of a business in 2002. The goodwill has been amortised in full.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

RIDE (COVENTRY) LIMITED (REGISTERED NUMBER: 04492229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 4 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 November 2023 65,000
AMORTISATION
At 1 October 2022
and 30 November 2023 65,000
NET BOOK VALUE
At 30 November 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2022
and 30 November 2023 12,710 4,134 16,844
DEPRECIATION
At 1 October 2022 12,004 3,320 15,324
Charge for period 606 464 1,070
At 30 November 2023 12,610 3,784 16,394
NET BOOK VALUE
At 30 November 2023 100 350 450
At 30 September 2022 706 814 1,520

6. STOCKS
2023 2022
£    £   
Stocks 1,500 87,823

RIDE (COVENTRY) LIMITED (REGISTERED NUMBER: 04492229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 30 NOVEMBER 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 120 890
Other debtors - 3,065
Tax - 3,797
120 7,752

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 3,738
Corporation tax 1,746 -
Social security and other taxes 5 -
VAT 599 7,535
Other creditors - 11,144
Directors' current accounts 95,218 124,165
Accrued expenses 3,052 3,320
100,620 149,902