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
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
Riders Group Limited
Statement of financial position
as at 31 December 2023
Tangible assets
19,057
14,685
Inventories
86,600
278,919
Cash at bank and in hand
(16,717)
(8,417)
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
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
Riders Group Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 December 2023
10,127
9,100
(170)
19,057
At 31 December 2022
13,227
1,214
244
14,685
Amounts falling due within one year
Accrued income and prepayments
-
9,396
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
Obligations under finance leases and hire purchase contracts
13,412
-
Trade creditors
60,955
140,805
Taxes and social security
2,960
9,184
Loans from directors
22,108
14,793
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).