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REGISTERED NUMBER: 11249362 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

The Ride Academy Ltd

The Ride Academy Ltd (Registered number: 11249362)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Ride Academy Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr D G Newell
Mr L J Newell





REGISTERED OFFICE: Smiths Honda
Whitchurch Road
Christleton
Chester
Cheshire
CH3 6AE





REGISTERED NUMBER: 11249362 (England and Wales)





ACCOUNTANTS: The Accounts Centre
Milton Green Farm
Whitchurch Road
Milton Green
Chester
Cheshire
CH3 9DS

The Ride Academy Ltd (Registered number: 11249362)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 23,859 24,013
Investment property 6 55,000 -
78,859 24,013

CURRENT ASSETS
Debtors 7 23,285 32,869
Cash at bank 14,555 23,483
37,840 56,352
CREDITORS
Amounts falling due within one year 8 23,157 28,662
NET CURRENT ASSETS 14,683 27,690
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,542

51,703

CREDITORS
Amounts falling due after more than one
year

9

84,614

35,551
NET ASSETS 8,928 16,152

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 8,828 16,052
SHAREHOLDERS' FUNDS 8,928 16,152

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Ride Academy Ltd (Registered number: 11249362)

Balance Sheet - continued
31 August 2024


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 29 May 2025 and were signed on its behalf by:





Mr L J Newell - Director


The Ride Academy Ltd (Registered number: 11249362)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

The Ride Academy Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery - 20% Straight Line.
Motor Vehicles - 20% Straight Line.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in 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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

The Ride Academy Ltd (Registered number: 11249362)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 54,945
Additions 18,780
Disposals (14,588 )
At 31 August 2024 59,137
DEPRECIATION
At 1 September 2023 30,932
Charge for year 10,179
Eliminated on disposal (5,833 )
At 31 August 2024 35,278
NET BOOK VALUE
At 31 August 2024 23,859
At 31 August 2023 24,013

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 55,000
At 31 August 2024 55,000
NET BOOK VALUE
At 31 August 2024 55,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 23,285 16,449
Other debtors - 16,420
23,285 32,869

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 3,211 3,149
Taxation and social security 11,098 16,736
Other creditors 8,848 8,777
23,157 28,662

The Ride Academy Ltd (Registered number: 11249362)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 55,000 -
Hire purchase contracts 10,053 12,823
Other creditors 19,561 22,728
84,614 35,551

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
50 Ordinary A Shares £1 50 50
50 Ordinary B Shares £1 50 50
100 100