REGISTERED NUMBER: 06395855 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

URBAN RIDER LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr W Starritt

Mr A Suenson-Taylor

SECRETARY:

Mr W Starritt

REGISTERED OFFICE:

51 New Kings Road

Fulham

London

SW6 4SE

REGISTERED NUMBER:

06395855 (England and Wales)

BANKERS:

HSBC Bank plc

54 Clarence Street

Kingston UponThames

Surrey

KT1 1NS

FIXED ASSETS

Intangible assets

4

231

7,863

Tangible assets

5

34,745

51,639

34,976

59,502

CURRENT ASSETS

Stocks

926,759

996,716

Debtors

148,290

100,753

Cash at bank and in hand

425,312

844,622

1,500,361

1,942,091

CREDITORS

Amounts falling due within one year

784,920

858,723

NET CURRENT ASSETS

715,441

1,083,368

TOTAL ASSETS LESS CURRENT LIABILITIES

750,417

1,142,870

CREDITORS

Amounts falling due after more than one year

35,417

120,417

NET ASSETS

715,000

1,022,453

CAPITAL AND RESERVES

Called up share capital

8

1,002

1,002

Retained earnings

713,998

1,021,451

SHAREHOLDERS' FUNDS

715,000

1,022,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 January 2025 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 10 September 2025 and were signed on its behalf by:

Mr W Starritt - Director

Mr A Suenson-Taylor - Director

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 15 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

and 31 January 2025

23,126

AMORTISATION

At 1 February 2024

15,263

Amortisation for year

7,632

At 31 January 2025

22,895

NET BOOK VALUE

At 31 January 2025

231

At 31 January 2024

7,863

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

243,996

Additions

5,304

Disposals

(3,495

)

At 31 January 2025

245,805

DEPRECIATION

At 1 February 2024

192,357

Charge for year

22,198

Eliminated on disposal

(3,495

)

At 31 January 2025

211,060

NET BOOK VALUE

At 31 January 2025

34,745

At 31 January 2024

51,639

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.1.25

31.1.24

£

£

Within one year

98,320

98,320

Between one and five years

274,887

373,207

373,207

471,527

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loans

120,417

205,417

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.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

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

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

£

Mr W Starritt

Balance outstanding at start of year

8,660

18,849

Amounts advanced

75,161

88,523

Amounts repaid

(80,000

)

(98,712

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,821

8,660

Mr A Suenson-Taylor

Balance outstanding at start of year

25,369

14,200

Amounts advanced

74,936

97,910

Amounts repaid

(80,000

)

(86,741

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

20,305

25,369

During the financial year the directors were charged £508 (2024: £746) interest on the loan which is unsecured and repayable on demand.