1 June 2022 false Taxfiler 2023.12 SC378233business:PrivateLimitedCompanyLtd2022-06-012023-05-31 SC3782332022-05-31 SC3782332022-06-012023-05-31 SC378233business:AuditExemptWithAccountantsReport2022-06-012023-05-31 SC378233business:FilletedAccounts2022-06-012023-05-31 SC3782332023-05-31 SC378233business:Director12022-06-012023-05-31 SC378233business:RegisteredOffice2022-06-012023-05-31 SC3782332022-05-31 SC378233core:WithinOneYear2023-05-31 SC378233core:WithinOneYear2022-05-31 SC378233core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 SC378233core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 SC378233core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 SC378233core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 SC378233core:PreviouslyStatedAmount2023-05-31 SC378233core:PreviouslyStatedAmount2022-05-31 SC378233business:SmallEntities2022-06-012023-05-31 SC378233countries:Scotland2022-06-012023-05-31 SC378233core:PlantMachinery2022-06-012023-05-31 SC378233core:PlantMachinery2022-05-31 SC378233core:MotorVehicles2022-05-31 SC378233core:MotorVehicles2022-06-012023-05-31 SC378233core:PlantMachinery2023-05-31 SC378233core:MotorVehicles2023-05-31 SC3782332021-06-012022-05-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
RIDE 'N' FIT LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,768 
1,696 
Current assets
Inventories
21,460 
15,270 
Debtors
- 
1,840 
Cash at bank and in hand
21,289 
6,602 
42,749 
23,712 
Creditors: amounts falling due within one year
(127,786)
(91,795)
Net current liabilities
(85,037)
(68,083)
Net liabilities
(73,269)
(66,387)
Capital and reserves
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
- 4 -
RIDE 'N' FIT LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
12,550 
- 
12,550 
Additions
- 
13,995 
13,995 
At 31 May 2023
12,550 
13,995 
26,545 
Depreciation
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 
Net book value
At 31 May 2023
1,272 
10,496 
11,768 
At 31 May 2022
1,696 
- 
1,696 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
1,840 
- 5 -
RIDE 'N' FIT LTD Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,357 
4,466 
Trade creditors
15,887 
10,734 
Taxes and social security
4,464 
4,465 
Other creditors
339 
- 
Loans from directors
100,181 
69,687 
Accruals
2,558 
2,443 
127,786 
91,795 
7
Controlling party
The controlling party is the director , Mr Brian Easson.
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
- 6 -