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REGISTERED NUMBER: 06395855 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

URBAN RIDER LIMITED

URBAN RIDER LIMITED (REGISTERED NUMBER: 06395855)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


URBAN RIDER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr W Starritt
Mr A Suenson-Taylor



SECRETARY: Mr W Starritt



REGISTERED OFFICE: 51 New Kings Road
Fulham
London
SW6 4SE



BUSINESS ADDRESS: Unit 6
Parkfields Industrial Estate
Culvert Place
Battersea
London
SW11 5BA



REGISTERED NUMBER: 06395855 (England and Wales)



BANKERS: HSBC Bank plc
54 Clarence Street
Kingston UponThames
Surrey
KT1 1NS

URBAN RIDER LIMITED (REGISTERED NUMBER: 06395855)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,863 15,494
Tangible assets 5 51,639 51,173
59,502 66,667

CURRENT ASSETS
Stocks 996,716 1,171,684
Debtors 100,753 52,450
Cash at bank and in hand 844,622 857,128
1,942,091 2,081,262
CREDITORS
Amounts falling due within one year 858,723 948,126
NET CURRENT ASSETS 1,083,368 1,133,136
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,142,870

1,199,803

CREDITORS
Amounts falling due after more than one
year

120,417

205,417
NET ASSETS 1,022,453 994,386

CAPITAL AND RESERVES
Called up share capital 7 1,002 1,002
Retained earnings 1,021,451 993,384
SHAREHOLDERS' FUNDS 1,022,453 994,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

URBAN RIDER LIMITED (REGISTERED NUMBER: 06395855)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by:




Mr W Starritt - Director



Mr A Suenson-Taylor - Director


URBAN RIDER LIMITED (REGISTERED NUMBER: 06395855)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Urban Rider 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding VAT.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - at varying rates on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost and not provided

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 year was 18 (2023 - 23 ) .

URBAN RIDER LIMITED (REGISTERED NUMBER: 06395855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 23,126
AMORTISATION
At 1 February 2023 7,632
Amortisation for year 7,631
At 31 January 2024 15,263
NET BOOK VALUE

At 31 January 2024 7,863
At 31 January 2023 15,494

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 223,398
Additions 20,598
At 31 January 2024 243,996
DEPRECIATION
At 1 February 2023 172,225
Charge for year 20,132
At 31 January 2024 192,357
NET BOOK VALUE
At 31 January 2024 51,639
At 31 January 2023 51,173

6. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 205,417 290,417

The HSBC Bank plc have a fixed and floating charge over all assets of the company. The floating charge covers all the property or undertaking of the company.

URBAN RIDER LIMITED (REGISTERED NUMBER: 06395855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
890 A ordinary £1 890 890
110 B ordinary £1 110 110
1 A Dividend £1 1 1
1 B Dividend £1 1 1
1,002 1,002

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Mr W Starritt
Balance outstanding at start of year 18,849 29,663
Amounts advanced 88,523 18,849
Amounts repaid (98,712 ) (29,663 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,660 18,849

Mr A Suenson-Taylor
Balance outstanding at start of year 14,200 6,883
Amounts advanced 97,910 14,200
Amounts repaid (86,741 ) (6,883 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,369 14,200

During the financial year the directors were charged £746 (2023: £689) interest on the loan which is unsecured and repayable on demand.