Born2ride Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12802215 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 10 AUGUST 2020 TO 31 AUGUST 2021

FOR

BORN2RIDE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs A C Kitchener

Mrs J M Youens

Miss K Jewiss

REGISTERED OFFICE:

29 Norah Lane

Higham

Rochester

ME3 7EW

REGISTERED NUMBER:

12802215 (England and Wales)

ACCOUNTANTS:

The Carley Partnership

St James's House

8 Overcliffe

Gravesend

Kent

DA11 0HJ

CURRENT ASSETS

Stocks

7,650

Debtors

4

12,708

Cash at bank

6,972

27,330

CREDITORS

Amounts falling due within one year

5

30,351

NET CURRENT LIABILITIES

(3,021

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,021

)

CAPITAL AND RESERVES

Called up share capital

6

3

Retained earnings

(3,024

)

SHAREHOLDERS' FUNDS

(3,021

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 4 May 2022 and were signed on its behalf by:

Miss K Jewiss - Director

Mrs A C Kitchener - Director

1.	STATUTORY INFORMATION

Born2ride Ltd 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 accounts have been prepared on a going concern basis as the directors have agreed not to withdraw their directors loan account balances until such time as the company is in a position to repay them.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

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

Taxation

Taxation for the period 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.

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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

11,550

Other debtors

1,158

12,708

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

2,312

Other creditors

28,039

30,351

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary A

£1

-

1

Ordinary B

£1

1

1

Ordinary C

£1

1

2

The following shares were allotted and fully paid for cash at par during the period:

1 Ordinary A shares of £1 each

1 Ordinary B shares of £1 each

1 Ordinary C shares of £1 each