THE RIDES MOTOR SERVICES LIMITED

Registered number

06067180

Filleted Accounts

31 March 2026

THE RIDES MOTOR SERVICES LIMITED
Registered number:		06067180
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		19,338			23,156
			19,338			23,156

Current assets
Stocks		2,725			2,350
Debtors	4	18,882			19,061
Cash at bank and in hand		23,409			35,931
		45,016			57,342

Creditors: amounts falling due within one year	5	(26,175)			(25,694)

Net current assets			18,841			31,648

Total assets less current liabilities			38,179			54,804




Net assets			38,179			54,804

Capital and reserves
Called up share capital			100			100
Profit and loss account			38,079			54,704

Shareholders' funds			38,179			54,804

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Alan McSweeney			David Ellis
Director			Director
Approved by the board on 12 June 2026			Approved by the board on 12 June 2026

THE RIDES MOTOR SERVICES LIMITED
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.


	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			25% straight line
	Motor vehicles			25% straight line
	Computer equipment			25% straight line


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					8		8



3	Tangible fixed assets
		Computer		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2025	10,901		41,040		43,985		95,926
	Additions	446		-		-		446
	At 31 March 2026	11,347		41,040		43,985		96,372

	Depreciation
	At 1 April 2025	8,434		36,704		27,632		72,770
	Charge for the year	728		1,084		2,452		4,264
	At 31 March 2026	9,162		37,788		30,084		77,034

	Net book value
	At 31 March 2026	2,185		3,252		13,901		19,338
	At 31 March 2025	2,467		4,336		16,353		23,156


4	Debtors					2026		2025
£							£

	Other debtors					18,882		19,061
						18,882		19,061

5	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					3,749		-
	Corporation tax					12,292		14,021
	Taxation and social security costs					5,678		7,511
	Other creditors					4,456		4,162
						26,175		25,694


6	Other information

	THE RIDES MOTOR SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	H Plaskow & Co
	Chartered Certified Accountants
	208 Green Lanes
	Palmers Green
	London

	N13 5UE