E-Rider Ltd - Period Ending 2016-11-30

Registration number: 08792299

E-Rider Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2016
 

Robinson Rice Associates Limited
Chartered Accountants, Statutory Auditors & Chartered Tax Advisors
93 Banks Road
West Kirby
Wirral
CH48 0RB

E-Rider Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
E-Rider Ltd
for the Year Ended 30 November 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of E-Rider Ltd for the year ended 30 November 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of E-Rider Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of E-Rider Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than E-Rider Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that E-Rider Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of E-Rider Ltd. You consider that E-Rider Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of E-Rider Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

 
 
 
 
  Robinson Rice Associates Limited
  Chartered Accountants, Statutory Auditors & Chartered Tax Advisors
  93 Banks Road
  West Kirby
  Wirral
  CH48 0RB

8 August 2017

Page 1

E-Rider Ltd
(Registration number: 08792299)
Abbreviated Balance Sheet at 30 November 2016

		Note			2016						2015
	£			£			£			£
Current assets
Stocks								40,239						20,348
Debtors								2,317						28,861
Cash at bank and in hand								30,530						19,640
								73,086						68,849
Creditors: Amounts falling due within one year								(70,727)						(68,713)
Net assets								2,359						136
Capital and reserves
Called up share capital		2			2						2
Profit and loss account					2,357						134
Shareholders' funds								2,359						136

For the year ending 30 November 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 5 August 2017 and signed on its behalf by:

 Mr K Ferguson
 Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

E-Rider Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

2	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

Page 3

E-Rider Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

3	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr K Ferguson
The company owes the director, on which no interest has been charged	56,330	11,613	67,943	25,138
Mr T M Willan
The company owes the director, on which no interest has been charged	9,500	-	-	-

Page 4