REGISTERED NUMBER: 09893552 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Rideworx Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R N Leadbitter

REGISTERED OFFICE:

Unit 1 125-127 Reading Road

Wokingham

RG41 1HD

REGISTERED NUMBER:

09893552 (England and Wales)

ACCOUNTANTS:

Lane Monnington Welton

Chartered Accountants

Riverside View

Basing Road

Old Basing

Basingstoke

Hampshire

RG24 7AL

FIXED ASSETS

Intangible assets

4

1,000

1,200

Tangible assets

5

34,078

43,079

35,078

44,279

CURRENT ASSETS

Stocks

323,360

256,911

Debtors

6

158,764

172,118

Cash at bank

2,533

23,966

484,657

452,995

CREDITORS

Amounts falling due within one year

7

101,222

94,320

NET CURRENT ASSETS

383,435

358,675

TOTAL ASSETS LESS CURRENT LIABILITIES

418,513

402,954

CREDITORS

Amounts falling due after more than one year

8

794,152

684,009

NET LIABILITIES

(375,639

)

(281,055

)

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

(375,739

)

(281,155

)

SHAREHOLDERS' FUNDS

(375,639

)

(281,055

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 29 June 2026 and were signed by:

Mr R N Leadbitter - Director

1.	STATUTORY INFORMATION

Rideworx 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.

The ability of the company to continue trading is dependant on the continued support of the director and related entities. The director considers it appropriate to prepare the financial statements on the going concern basis.

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 ten years.

Tangible fixed assets

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

Leasehold Improvements

-

33% on cost

Plant and machinery

-

33% on cost

Motor vehicles

-

25% on reducing balance

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.

Financial instruments

Debtors and creditors payable/receivable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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, adjusted for indexation where applicable.

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.

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.

Impairment

Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 December 2024

and 30 November 2025

2,000

AMORTISATION

At 1 December 2024

800

Amortisation for year

200

At 30 November 2025

1,000

NET BOOK VALUE

At 30 November 2025

1,000

At 30 November 2024

1,200

5.	TANGIBLE FIXED ASSETS

Leasehold

Plant and

Motor

Computer

Improvements

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2024

56,571

25,642

-

5,841

88,054

Additions

5,000

-

19,166

489

24,655

At 30 November 2025

61,571

25,642

19,166

6,330

112,709

DEPRECIATION

At 1 December 2024

30,179

11,080

-

3,716

44,975

Charge for year

20,523

7,017

4,792

1,324

33,656

At 30 November 2025

50,702

18,097

4,792

5,040

78,631

NET BOOK VALUE

At 30 November 2025

10,869

7,545

14,374

1,290

34,078

At 30 November 2024

26,392

14,562

-

2,125

43,079

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

5,247

19,501

Amounts owed by group undertakings

85,574

99,605

Other debtors

67,943

53,012

158,764

172,118

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

5,868

12,896

Hire purchase contracts (see note 9)

3,200

-

Trade creditors

16,670

14,803

Taxation and social security

40,840

28,098

Other creditors

34,644

38,523

101,222

94,320

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans

21,550

27,005

Hire purchase contracts (see note 9)

11,434

-

Other creditors

761,168

657,004

794,152

684,009

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.11.25

30.11.24

£

£

Net obligations repayable:

Within one year

3,200

-

Between one and five years

11,434

-

14,634

-

Non-cancellable

operating leases

30.11.25

30.11.24

£

£

Within one year

32,000

32,000

Between one and five years

66,667

98,667

98,667

130,667

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Hire purchase contracts

14,634

-

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

100

Ordinary

£1

100

100

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other debtors is an amount owed to the company from the director totalling £42,977 (2024: £22,517). Interest is charged on the loan at the HMRC official rate of interest and the loan is repayable on demand.

13.	PARENT COMPANY

The parent company is Saxon Temple Group Limited and the company registered office address is Unit 1, 125 - 127 Reading Road, Wokingham, Berkshire, RG41 1HD.