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Company Registration No. 09905815 (England and Wales)
Riders Group Limited Unaudited accounts for the year ended 31 December 2023
Riders Group Limited Unaudited accounts Contents
Page
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Riders Group Limited Company Information for the year ended 31 December 2023
Directors
Mr M Smith Mr M Pickering
Company Number
09905815 (England and Wales)
Registered Office
5 EASTERN AVENUE BURTON-ON-TRENT DE13 0AT ENGLAND
Accountants
Charterhouse Accountants 5 Eastgate Business Centre Eastern Avenue Burton on Trent Staffordshire DE13 0AT
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Riders Group Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,057 
14,685 
Current assets
Inventories
86,600 
278,919 
Debtors
3,360 
12,756 
Cash at bank and in hand
(16,717)
(8,417)
73,243 
283,258 
Creditors: amounts falling due within one year
(133,804)
(208,366)
Net current (liabilities)/assets
(60,561)
74,892 
Net (liabilities)/assets
(41,504)
89,577 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(41,506)
89,575 
Shareholders' funds
(41,504)
89,577 
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by
Mr M Smith Director Company Registration No. 09905815
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Riders Group Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Riders Group Limited is a private company, limited by shares, registered in England and Wales, registration number 09905815. The registered office is 5 EASTERN AVENUE, BURTON-ON-TRENT, DE13 0AT, ENGLAND.
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:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
29,191 
5,700 
1,255 
36,146 
Additions
- 
10,995 
- 
10,995 
At 31 December 2023
29,191 
16,695 
1,255 
47,141 
Depreciation
At 1 January 2023
15,964 
4,486 
1,011 
21,461 
Charge for the year
3,100 
3,109 
414 
6,623 
At 31 December 2023
19,064 
7,595 
1,425 
28,084 
Net book value
At 31 December 2023
10,127 
9,100 
(170)
19,057 
At 31 December 2022
13,227 
1,214 
244 
14,685 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
9,396 
Other debtors
3,360 
3,360 
3,360 
12,756 
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Riders Group Limited Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
30,800 
37,253 
VAT
2,919 
6,328 
Obligations under finance leases and hire purchase contracts
13,412 
- 
Trade creditors
60,955 
140,805 
Taxes and social security
2,960 
9,184 
Other creditors
650 
3 
Loans from directors
22,108 
14,793 
133,804 
208,366 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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