Riding Escort Vehicles Ltd - Filleted accounts

Registered number

13775479

Riding Escort Vehicles Ltd

Unaudited Filleted Accounts

31 December 2024

Riding Escort Vehicles Ltd
Registered number:		13775479
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	4		-			43,043

Current assets
Debtors	5	31,545			22,240
Cash at bank and in hand		11,889			27,781
		43,434			50,021

Creditors: amounts falling due within one year	6	(43,334)			(63,105)

Net current assets/(liabilities)			100			(13,084)

Total assets less current liabilities			100			29,959

Provisions for liabilities			-			(8,178)

Net assets			100			21,781

Capital and reserves
Called up share capital			100			100
Profit and loss account			-			21,681

Shareholders' funds			100			21,781

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs L Ransome
Director
Approved by the board on 30/09/2025.

Riding Escort Vehicles Ltd
Notes to the Accounts
for the year ended 31 December 2024


1	Statutory information

	Riding Escort Vehicles Ltd is a private company, limited by shares, registered in England and Wales.

	The company's registered number and registered office address are as below:

	Registered number:	13775479

	Registered office:	25 Jubilee Road
		Bedale
		DL8 1FD

	The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.


2	Accounting policies

	Basis of preparation
	These financial statements have been prepared in accordance with the 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 as modified by the revaluation of certain assets.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings and equipment	25% on a reducing balance basis
	Motor vehicles	25% on a reducing balance basis

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


2	Accounting policies (continued)

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

	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.

	Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


3	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			2		2


4	Tangible fixed assets
		Fixtures, fittings & equipment		Motor vehicles		Total
£			£		£
	Cost
	At 1 January 2024	828		61,023		61,851
	Additions	1,104		-		1,104
	Disposals	(1,932)		(61,023)		(62,955)
	At 31 December 2024	-		-		-

	Depreciation
	At 1 January 2024	342		18,466		18,808
	Charge for the year	127		10,639		10,766
	On disposals	(469)		(29,105)		(29,574)
	At 31 December 2024	-		-		-

	Net book value
	At 31 December 2024	-		-		-
	At 31 December 2023	486		42,557		43,043


5	Debtors			2024		2023
£					£

	Trade debtors			29,152		19,330
	Prepayments and accrued income			2,393		2,910
				31,545		22,240


6	Creditors: amounts falling due within one year			2024		2023
£					£

	Trade creditors			2,913		662
	Accruals and deferred income			1,200		-
	Directors' current account			24,757		48,906
	Taxation and social security costs			14,464		13,537
				43,334		63,105


7	Related party transactions

	During the year £60,015 (2023: £56,253) was advanced to and £84,164 (2023: £71,975) was repaid to the directors. An amount of £24,757 (2023: £48,906) remained due to the directors at the year end.