REGISTERED NUMBER: 06390305 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

NEWQUAY BOARDRIDERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J A Fordy

SECRETARY:

Ms C L Parrett

REGISTERED OFFICE:

The Ranch

Cargreen

Saltash

Cornwall

PL12 6QQ

REGISTERED NUMBER:

06390305 (England and Wales)

ACCOUNTANTS:

Whitakers

Chartered Accountants

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

FIXED ASSETS

Intangible assets

4

450

-

Tangible assets

5

96,288

109,398

96,738

109,398

CURRENT ASSETS

Stocks

40,000

40,000

Debtors

6

22,172

23,990

Cash in hand

1,252

1,252

63,424

65,242

CREDITORS

Amounts falling due within one year

7

209,706

229,786

NET CURRENT LIABILITIES

(146,282

)

(164,544

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(49,544

)

(55,146

)

CREDITORS

Amounts falling due after more than one year

8

(14,955

)

(36,603

)

PROVISIONS FOR LIABILITIES

(2,397

)

-

NET LIABILITIES

(66,896

)

(91,749

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(66,996

)

(91,849

)

SHAREHOLDERS' FUNDS

(66,896

)

(91,749

)

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 director acknowledges his 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 director and authorised for issue on 24 October 2025 and were signed by:

J A Fordy - Director

1.	STATUTORY INFORMATION

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

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 four years.

Tangible fixed assets

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

Short leasehold

-

over the remaining term of the lease

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

Additions

600

At 31 January 2025

600

AMORTISATION

Amortisation for year

150

At 31 January 2025

150

NET BOOK VALUE

At 31 January 2025

450

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 February 2024

250,000

2,799

208,333

Additions

-

208

-

Disposals

-

(179

)

-

At 31 January 2025

250,000

2,828

208,333

DEPRECIATION

At 1 February 2024

160,000

2,320

193,533

Charge for year

10,000

194

1,737

Eliminated on disposal

-

(101

)

-

At 31 January 2025

170,000

2,413

195,270

NET BOOK VALUE

At 31 January 2025

80,000

415

13,063

At 31 January 2024

90,000

479

14,800

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2024

14,571

1,537

477,240

Additions

-

-

208

Disposals

-

-

(179

)

At 31 January 2025

14,571

1,537

477,269

DEPRECIATION

At 1 February 2024

11,443

546

367,842

Charge for year

707

602

13,240

Eliminated on disposal

-

-

(101

)

At 31 January 2025

12,150

1,148

380,981

NET BOOK VALUE

At 31 January 2025

2,421

389

96,288

At 31 January 2024

3,128

991

109,398

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

1,771

3,655

Other debtors

17,877

17,877

Prepayments

2,524

2,458

22,172

23,990

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

94,382

93,407

Trade creditors

89,284

109,882

Tax

4,144

-

Social security and other taxes

5,510

14,115

Other creditors

3,930

9,462

Directors' current accounts

11,566

2,130

Accrued expenses

890

790

209,706

229,786

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans - 2-5 years

14,955

36,603

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank overdrafts

73,500

73,292

The bank overdraft is secured by means of an unlimited debenture over the company's assets, dated 5 June 2008. A personal guarantee has also been given by the company's director, Mr JA Fordy.

10.	RELATED PARTY DISCLOSURES

During the year the company paid the director, Mr J A Fordy, £40,000 (2024: £40,000) in rent.

At the year end the company had a loan to Burfoot Automotive Ltd outstanding of £17,877 (2024: £17,877), a company which Mr J A Fordy is a shareholder and director.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J A Fordy.