Go Ride Leisure Limited - Limited company - abbreviated - 11.6

Go Ride Leisure Limited - Limited company - abbreviated - 11.6

GO RIDE LEISURE LIMITED - Company Information

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REGISTERED NUMBER: 08431855 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 6 MARCH 2013 TO 31 MARCH 2014

FOR

GO RIDE LEISURE LIMITED

GO RIDE LEISURE LIMITED (REGISTERED NUMBER: 08431855)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 6 MARCH 2013 TO 31 MARCH 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

GO RIDE LEISURE LIMITED

COMPANY INFORMATION
FOR THE PERIOD 6 MARCH 2013 TO 31 MARCH 2014







DIRECTORS: T J Ellis
S C Garrett
D E Russell





REGISTERED OFFICE: Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT





REGISTERED NUMBER: 08431855 (England and Wales)





ACCOUNTANTS: Logan & Brewerton
Chartered Certified Accountants
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT
Page 1
GO RIDE LEISURE LIMITED (REGISTERED NUMBER: 08431855)

ABBREVIATED BALANCE SHEET
31 MARCH 2014

Notes £    £   
FIXED ASSETS
Tangible assets 2 4,347

CURRENT ASSETS
Stocks 8,035
Debtors 1,395
Cash at bank 654
10,084
CREDITORS
Amounts falling due within one year 18,618
NET CURRENT LIABILITIES (8,534 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(4,187		 )

CAPITAL AND RESERVES
Called up share capital 3 140
Profit and loss account (4,327 )
SHAREHOLDERS' FUNDS (4,187 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 4 December 2014 and were signed on its behalf
by:





T J Ellis - Director


The notes form part of these abbreviated accounts

Page 2
GO RIDE LEISURE LIMITED (REGISTERED NUMBER: 08431855)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 6 MARCH 2013 TO 31 MARCH 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Website - 33% on cost

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Going concern
The financial statements have been prepared on a going concern basis. This basis may not be appropriate as
current liabilities exceeded current assets by £4,187 at 31 March 2014 and at that date the Company was
insolvent to the same extent. These factors indicate that the Company may not be able to continue trading. The
Company is reliant on the continuing support of its creditors and there is no evidence that this support will be
withdrawn.

Should the company be unable to continue trading, adjustments would have been made to reduce the value of the
assets to their recoverable amount and to provide for any further liabilities which might arise.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 6,521
At 31 March 2014 6,521
DEPRECIATION
Charge for period 2,174
At 31 March 2014 2,174
NET BOOK VALUE
At 31 March 2014 4,347

Page 3 continued...
GO RIDE LEISURE LIMITED (REGISTERED NUMBER: 08431855)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE PERIOD 6 MARCH 2013 TO 31 MARCH 2014

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
98 Ordinary £1 98
42 A Ordinary £1 42
140

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

98 Ordinary shares of £1 each
42 A Ordinary shares of £1 each

Page 4