RIDE SHOTGUN LTD

Company Registration Number:
11167070 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

RIDE SHOTGUN LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

RIDE SHOTGUN LTD

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 7,654,753 4,017,913
Cost of sales: ( 6,103,102 ) ( 3,674,787 )
Gross profit(or loss): 1,551,651 343,126
Administrative expenses: ( 1,894,440 ) ( 1,406,438 )
Other operating income: 0 1,215,900
Operating profit(or loss): (342,789) 152,588
Interest payable and similar charges: ( 12,466 ) ( 4,997 )
Profit(or loss) before tax: (355,255) 147,591
Tax: ( 17,387 )
Profit(or loss) for the financial year: (355,255) 130,204

RIDE SHOTGUN LTD

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 34,841 31,357
Tangible assets: 4 300,577 117,059
Investments: 5 1,907,829 1,116,152
Total fixed assets: 2,243,247 1,264,568
Current assets
Stocks: 6 50,843 50,843
Debtors: 7 602,595 1,076,110
Cash at bank and in hand: 579,211 278,152
Investments:   0 0
Total current assets: 1,232,649 1,405,105
Creditors: amounts falling due within one year: 8 ( 3,005,538 ) ( 1,787,813 )
Net current assets (liabilities): (1,772,889) (382,708)
Total assets less current liabilities: 470,358 881,860
Creditors: amounts falling due after more than one year: 9 ( 70,833 ) ( 120,833 )
Total net assets (liabilities): 399,525 761,027
Capital and reserves
Called up share capital: 11 11
Share premium account: 255,890 255,890
Profit and loss account: 143,624 505,126
Total Shareholders' funds: 399,525 761,027

The notes form part of these financial statements

RIDE SHOTGUN LTD

Balance sheet statements

For the year ending 31 December 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.

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 1 October 2024
and signed on behalf of the board by:

Name: Mark Mallinder
Status: Director

The notes form part of these financial statements

RIDE SHOTGUN LTD

Notes to the Financial Statements

for the Period Ended 31 December 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 is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. Revenue from the sale of goods or services is recognised when the significant risks and rewards of ownership of the goods or services have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from contracts for the provision of advertising services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Leasehold improvements 5 Years Straight Line Plant and equipment 5 Years Straight Line Fixtures and fittings 3 - 5 Years Straight Line Computers 3 Years Straight Line Motor vehicles 5 Years Straight Line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

    Intangible fixed assets amortisation policy

    Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

RIDE SHOTGUN LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 130 62

RIDE SHOTGUN LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 34,841 34,841
Additions 3,484 3,484
Disposals
Revaluations
Transfers
At 31 December 2023 38,325 38,325
Amortisation
At 1 January 2023 3,484 3,484
Charge for year
On disposals
Other adjustments
At 31 December 2023 3,484 3,484
Net book value
At 31 December 2023 34,841 34,841
At 31 December 2022 31,357 31,357

RIDE SHOTGUN LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 41,010 83,696 0 155,734 10,866 291,306
Additions 4,676 71,228 169,136 238,898 16,425 500,363
Disposals
Revaluations
Transfers
At 31 December 2023 45,686 154,924 169,136 394,632 27,291 791,669
Depreciation
At 1 January 2023 4,318 49,482 113,227 7,220 174,247
Charge for year 6,345 71,101 236,232 3,167 316,845
On disposals
Other adjustments
At 31 December 2023 10,663 120,583 349,459 10,387 491,092
Net book value
At 31 December 2023 35,023 34,341 169,136 45,173 16,904 300,577
At 31 December 2022 36,692 34,214 0 42,507 3,646 117,059

RIDE SHOTGUN LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Fixed assets investments note

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a longterm interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate. Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

RIDE SHOTGUN LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Stocks

2023 2022
£ £
Stocks 50,843 50,843
Total 50,843 50,843

RIDE SHOTGUN LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Debtors

2023 2022
£ £
Trade debtors 498,989 971,455
Prepayments and accrued income 103,606
Other debtors 104,655
Total 602,595 1,076,110
Debtors due after more than one year: 70,833

RIDE SHOTGUN LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 50,000 50,000
Trade creditors 393,988 327,997
Taxation and social security 633,511 449,053
Accruals and deferred income 919,984
Other creditors 1,008,055 960,763
Total 3,005,538 1,787,813

RIDE SHOTGUN LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

9. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 70,833 120,833
Total 70,833 120,833