Riders of Bridgwater Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Riders House
Wylds Road
Bridgwater
Somerset
TA6 4DH
United Kingdom

Principal activity

The principal activity of the company is that of sale and services of motorcycles.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Riders of Bridgwater Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

2	Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold buildings	2% straight line
Land	Not depreciated
Long leasehold	Straight line, over life of lease
Fixtures and fittings	10% reducing balance
Motor vehicles	25% reducing balance

Riders of Bridgwater Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

2	Accounting policies (continued)

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 40 (2024 - 39).

Riders of Bridgwater Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

4	Tangible assets

	Freehold land and buildings £	Long leasehold land and buildings £	Fixtures and fittings £	Motor vehicles  £	Total £
Cost or valuation
At 1 December 2024	827,279	235,074	636,751	153,268	1,852,372
Additions	-	-	20,917	-	20,917
At 30 November 2025	827,279	235,074	657,668	153,268	1,873,289
Depreciation
At 1 December 2024	244,921	235,074	488,055	87,209	1,055,259
Charge for the year	9,991	-	16,963	16,516	43,470
At 30 November 2025	254,912	235,074	505,018	103,725	1,098,729
Carrying amount
At 30 November 2025	572,367	-	152,650	49,543	774,560
At 30 November 2024	582,358	-	148,696	66,059	797,113

5

Debtors

		2025 £	2024 £
Trade debtors		72,011	26,187
Prepayments and accrued income		51,913	23,704
Income tax asset		-	36,452
		123,924	86,343

Riders of Bridgwater Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	763,425	497,496
Taxation and social security	148,743	117,752
Accruals and deferred income	200,605	211,079
Amounts owed to related parties	402	402
	1,113,175	826,729

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

Other reserves:
This reserve represents the entry for the buyback of the company’s own shares.

8	Related party transactions

Transactions with directors

2025	At 1 December 2024 £	At 30 November 2025 £
	(402)	(402)

2024	At 1 December 2023 £	At 30 November 2024 £
	(402)	(402)

Riders of Bridgwater Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

8	Related party transactions (continued)

Other transactions with directors

P S Jessopp
Rents received from the company: £60,000 (2024: £60,000)
Other amounts received: £1,827 (2024: £1,395)

S M Massey
Other amounts received: £1,596 (2024: £1,485)

Summary of transactions with associates

P S J Properties Ltd is an associated company under the ultimate control of Mr P S Jessopp, who is a director and majority shareholder. All transactions were conducted at arm’s length.
Rent received from the company: £18,000 (2024: £15,750)
Services purchased by the company: £1,599 (2024: £1,549)