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REGISTERED NUMBER: 07280172 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Ride DMC Limited

Ride DMC Limited (Registered number: 07280172)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

Ride DMC Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M Lee
G Cordner





REGISTERED OFFICE: Unit 12 Heronden Road
Parkwood
Maidstone
Kent
ME15 9YR





REGISTERED NUMBER: 07280172 (England and Wales)





ACCOUNTANTS: TAG (Maidstone) Ltd
10 Coverdale Avenue
Maidstone
Kent
ME15 9DR

Ride DMC Limited (Registered number: 07280172)

Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,726 3,393

CURRENT ASSETS
Stocks 524,929 749,413
Debtors 5 68,016 21,358
Cash at bank and in hand 38,007 71,459
630,952 842,230
CREDITORS
Amounts falling due within one year 6 434,022 602,456
NET CURRENT ASSETS 196,930 239,774
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,656

243,167

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 198,556 243,067
SHAREHOLDERS' FUNDS 198,656 243,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by:





M Lee - Director


Ride DMC Limited (Registered number: 07280172)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Ride DMC 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.

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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on straight line basis
Motor vehicles - 25% on reducing balance

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 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 29,653 21,380 51,033
DEPRECIATION
At 1 July 2023 27,866 19,774 47,640
Charge for year 1,265 402 1,667
At 30 June 2024 29,131 20,176 49,307
NET BOOK VALUE
At 30 June 2024 522 1,204 1,726
At 30 June 2023 1,787 1,606 3,393

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 47,916 295
Other debtors 20,100 21,063
68,016 21,358

Ride DMC Limited (Registered number: 07280172)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade creditors 50,257 3,417
Taxation and social security 38 19,517
Other creditors 383,727 579,522
434,022 602,456

Ride DMC Limited

Report of the Accountants to the Directors of
Ride DMC Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2024 set out on pages three to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






TAG (Maidstone) Ltd
10 Coverdale Avenue
Maidstone
Kent
ME15 9DR


17 March 2025