Company Registration No. 04703646 (England and Wales)
SMART RIDERS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2016
26-32 Oxford Road
Bournemouth
United Kingdom
BH8 8EZ
SMART RIDERS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 5
SMART RIDERS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
-
22,188
Current assets
Stocks
169,725
211,232
Debtors
2,887
20,506
Cash at bank and in hand
16,751
23,644
189,363
255,382
Creditors: amounts falling due within one year
3
(105,976)
(129,445)
Net current assets
83,387
125,937
Total assets less current liabilities
83,387
148,125
Creditors: amounts falling due after more than one year
4
-
(43,456)
83,387
104,669
Capital and reserves
Called up share capital
5
200
200
Profit and loss account
83,187
104,469
Shareholders' funds
83,387
104,669
SMART RIDERS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
31 March 2016
- 2 -
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 February 2017
Mr. D Watkins
Director
Company Registration No. 04703646
SMART RIDERS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
1
Accounting policies
1.1
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the period and derives from the provision of goods falling within the company's ordinary activities.
the total invoice value, excluding value added tax, of sales made during the period and derives from the provision of goods falling within the company's ordinary activities.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
Straight line over the life of the lease
Computer equipment
25% straight line
Fixtures, fittings & equipment
25% straight line
Motor vehicles
25% straight line
1.6
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
1.7
Pensions
The pension costs charged in the financial statements represent the contribution payable by the company during the period.
1.8
Stock and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value.
SMART RIDERS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015
17,500
48,003
65,503
Additions
-
630
630
Disposals
(17,500)
(48,633)
(66,133)
At 31 March 2016
-
-
-
Depreciation
At 1 April 2015
17,500
25,815
43,315
On disposals
(17,500)
(30,796)
(48,296)
Charge for the year
-
4,981
4,981
At 31 March 2016
-
-
-
Net book value
At 31 March 2016
-
-
-
At 31 March 2015
-
22,188
22,188
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £0 (2015 - £7,226).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £0 (2015 - £42,193).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid
200 Ordinary of £1 each
200
200
SMART RIDERS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 5 -
6
Ultimate parent company
The parent company is RDM (UK) Limited, a company registered in England and Wales.
At the balance sheet date, the company was controlled by RDM (UK) Limited.