E-Rides Group Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12277958

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		5,427		6,304
Tangible Assets	5		18,056		20,062

			23,483		26,366
CURRENT ASSETS
Stocks	6	65,356		102,570
Debtors	7	33,749		45,995
Cash at bank and in hand		5,461		1,301

		104,566		149,866
Creditors: Amounts Falling Due Within One Year	8	(293,881 )		(339,785 )

NET CURRENT ASSETS (LIABILITIES)			(189,315 )		(189,919 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(165,832 )		(163,553 )

Creditors: Amounts Falling Due After More Than One Year	9		(7,038 )		(17,369 )

NET LIABILITIES			(172,870 )		(180,922 )

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			(172,970 )		(181,022 )

SHAREHOLDERS' FUNDS			(172,870)		(180,922)

Page 1

Page 2

E-Rides Group Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms Yingjun Chen

Director

29/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

E-Rides Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12277958 . The registered office is Unit 21 Greenwich Centre Business Park, 53 Norman Road, Greenwich, London, SE10 9QF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are the website. It is amortised to the profit and loss account over its estimated economic life of 5 years.

2.5. Intangible Fixed Assets and Amortisation - Intellectual Property

Intellectual property assets are trade marks, which are stated at cost with no amortisation.

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10 years Reducing Balance
Motor Vehicles	5 years Reducing Balance
Computer Equipment	10 years Reducing Balance

2.7. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.8. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 3)

Page 3

Page 4

E-Rides Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Intangible Assets

	Website	Trade Mark	Total
	£	£	£
Cost
As at 1 November 2024	9,469	1,920	11,389

As at 31 October 2025	9,469	1,920	11,389

Amortisation
As at 1 November 2024	5,085	-	5,085
Provided during the period	877	-	877

As at 31 October 2025	5,962	-	5,962

Net Book Value
As at 31 October 2025	3,507	1,920	5,427

As at 1 November 2024	4,384	1,920	6,304

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 November 2024	22,704	3,138	25,842

As at 31 October 2025	22,704	3,138	25,842

Depreciation
As at 1 November 2024	4,844	936	5,780
Provided during the period	1,786	220	2,006

As at 31 October 2025	6,630	1,156	7,786

Net Book Value
As at 31 October 2025	16,074	1,982	18,056

As at 1 November 2024	17,860	2,202	20,062

6. Stocks

	2025	2024
	£	£
Stock	65,356	102,570

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	8,890	593
Other debtors	24,859	45,402

	33,749	45,995

Page 4

Page 5

E-Rides Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	13,905	6,555
Bank loans and overdrafts	35,094	52,167
Other creditors	243,242	280,904
Taxation and social security	1,640	159

	293,881	339,785

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	7,038	17,369

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

Page 5