LYME RIB RIDES LIMITED

Company Registration Number:
09862615 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

LYME RIB RIDES LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

LYME RIB RIDES LIMITED

Company Information

for the Period Ended 30 November 2023




Director: D G Leach
Registered office: 4 The Arcade
The Street
Charmouth
Bridport
England
DT6 6PU
Company Registration Number: 09862615 (England and Wales)

LYME RIB RIDES LIMITED

Balance sheet

As at 30 November 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 37,078 39,412
Tangible assets: 5 44,519 49,233
Total fixed assets: 81,597 88,645
Current assets
Debtors: 20,685 19,862
Cash at bank and in hand: 31,166 30,869
Total current assets: 51,851 50,731
Creditors: amounts falling due within one year: ( 183,332 ) ( 190,646 )
Net current assets (liabilities): ( 131,481 ) ( 139,915 )
Total assets less current liabilities: ( 49,884 ) ( 51,270 )
Total net assets (liabilities): ( 49,884 ) ( 51,270 )

The notes form part of these financial statements

LYME RIB RIDES LIMITED

Balance sheet continued

As at 30 November 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 49,984 ) ( 51,370 )
Shareholders funds: ( 49,884 ) ( 51,270 )

For the year ending 30 November 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 9 December 2023
And Signed On Behalf Of The Board By:

Name: D G Leach
Status: Director

The notes form part of these financial statements

LYME RIB RIDES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents net invoiced sales of services, excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
    Buildings - not depreciated
    Plant and equipment - 15% on reducing balance
    Equipment - 15% on reducing balance

    Intangible fixed assets amortisation policy

    Goodwill is amortised on a straight-line basis over the estimated economic life. The estimated economic life varies from 15 years to 25 years.

    Other accounting policies

    Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly to 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. Going concern The accounts have been prepared on a going concern basis. The director have confirmed continued support and consider the company retains sufficient working capital to continue trading for the foreseeable future.

LYME RIB RIDES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

LYME RIB RIDES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 3. Off balance sheet disclosure

    No

LYME RIB RIDES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 4. Intangible assets

    Total
    Cost £
    At 01 December 2022 55,750
    Additions -
    Disposals -
    Revaluations -
    Transfers -
    At 30 November 2023 55,750
    Amortisation
    Amortisation at 01 December 2022 16,338
    Charge for year 2,334
    On disposals -
    Other adjustments -
    Amortisation at 30 November 2023 18,672
    Net book value
    Net book value at 30 November 2023 37,078
    Net book value at 30 November 2022 39,412

LYME RIB RIDES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Tangible Assets

Total
Cost £
At 01 December 2022 115,727
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2023 115,727
Depreciation
At 01 December 2022 66,494
Charge for year 4,714
On disposals -
Other adjustments -
At 30 November 2023 71,208
Net book value
At 30 November 2023 44,519
At 30 November 2022 49,233