REGISTERED NUMBER: 10309972 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

WE RIDE BIKES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D Stringer

REGISTERED OFFICE:

33 Old Hall Road

Ulverston

Cumbria

LA12 7DQ

REGISTERED NUMBER:

10309972 (England and Wales)

BANKERS:

National Westminster Bank plc

113 Dalton Road

Barrow in Furness

Cumbria

LA14 1WY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,550

1,874

1,550

1,874

CURRENT ASSETS

Stocks

45,012

46,599

Debtors

31,034

47,572

Cash in hand

120

120

76,166

94,291

CREDITORS

Amounts falling due within one year

57,635

72,693

NET CURRENT ASSETS

18,531

21,598

TOTAL ASSETS LESS CURRENT LIABILITIES

20,081

23,472

CREDITORS

Amounts falling due after more than one year

(6,559

)

(22,467

)

PROVISIONS FOR LIABILITIES

(1,000

)

(1,000

)

NET ASSETS

12,522

5

CAPITAL AND RESERVES

Called up share capital

7

3

3

Retained earnings

12,519

2

SHAREHOLDERS' FUNDS

12,522

5

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 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 director and authorised for issue on 13 May 2026 and were signed by:

Mr D Stringer - Director

1.	STATUTORY INFORMATION

We Ride Bikes 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.

Goodwill

Goodwill was fully amortised in a prior period.

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.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Stocks

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

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 3 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2024

and 31 October 2025

35,000

AMORTISATION

At 1 November 2024

and 31 October 2025

35,000

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2024

23,492

Additions

915

At 31 October 2025

24,407

DEPRECIATION

At 1 November 2024

21,618

Charge for year

1,239

At 31 October 2025

22,857

NET BOOK VALUE

At 31 October 2025

1,550

At 31 October 2024

1,874

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

£

Bank loans

5,411

10,822

National Westminster Bank PLC hold a fixed and floating charge over the company's assets.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

2

Ordinary

£1

2

2

1

A Dividend

£1

1

1

3

3

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

£

Mr D Stringer

Balance outstanding at start of year

41,961

34,082

Amounts advanced

28,448

41,961

Amounts repaid

(41,961

)

(34,082

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

28,448

41,961

During the financial year the director was charged £697 (2024 £753 interest on the loan which is unsecured and repayable on demand

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Stringer.