Company No: 04139886 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	2,000		2,000
Tangible assets	4	949		1,186
		2,949		3,186
Current assets
Stocks		40,225		36,545
Debtors	5	11,500		20,208
Cash at bank and in hand		24,517		35,389
		76,242		92,142
Creditors: amounts falling due within one year	6	( 62,239)		( 67,348)
Net current assets		14,003		24,794
Total assets less current liabilities		16,952		27,980
Creditors: amounts falling due after more than one year	7	( 9,640)		( 19,908)
Net assets		7,312		8,072
Capital and reserves
Called-up share capital	8	303		303
Share premium account		11,629		11,629
Profit and loss account		( 4,620 )		( 3,860 )
Total shareholders' funds		7,312		8,072

For the financial year ending 28 February 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Freeriders Limited (registered number: 04139886) were approved and authorised for issue by the Director on 29 August 2025. They were signed on its behalf by:

D K Richards Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Freeriders Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 17-18 Killigrew Street, Falmouth, TR11 3PN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences

not amortised

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Vehicles	25 % reducing balance
Fixtures and fittings	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Intangible assets

	Trademarks, patents and licences		Total
	£		£
Cost
At 01 March 2024	2,000		2,000
At 28 February 2025	2,000		2,000
Accumulated amortisation
At 01 March 2024	0		0
At 28 February 2025	0		0
Net book value
At 28 February 2025	2,000		2,000
At 29 February 2024	2,000		2,000

4. Tangible assets

	Vehicles		Fixtures and fittings		Total
	£		£		£
Cost
At 01 March 2024	3,975		9,291		13,266
At 28 February 2025	3,975		9,291		13,266
Accumulated depreciation
At 01 March 2024	3,975		8,105		12,080
Charge for the financial year	0		237		237
At 28 February 2025	3,975		8,342		12,317
Net book value
At 28 February 2025	0		949		949
At 29 February 2024	0		1,186		1,186

5. Debtors

	2025		2024
	£		£
Other debtors	11,500		20,208

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	8,074		11,471
Other taxation and social security	1,103		586
Other creditors	53,062		55,291
	62,239		67,348

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	9,640		19,908

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
303 Ordinary shares of £ 1.00 each	303		303