Central Rider Training Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07960385 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Central Rider Training Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I Biederman

REGISTERED OFFICE:

Unit 8c Highfields Business Park

Old North Road

Royston

Hertfordshire

SG8 5JT

REGISTERED NUMBER:

07960385 (England and Wales)

ACCOUNTANTS:

Ampersand Partnership Limited

Chancery House

41a Hanger Hill

Weybridge

Surrey

KT13 9XZ

FIXED ASSETS

Tangible assets

4

25,390

15,258

CURRENT ASSETS

Debtors

86,589

80,734

Cash at bank

67,649

-

154,238

80,734

CREDITORS

Amounts falling due within one year

149,256

140,760

NET CURRENT ASSETS/(LIABILITIES)

4,982

(60,026

)

TOTAL ASSETS LESS CURRENT LIABILITIES

30,372

(44,768

)

CREDITORS

Amounts falling due after more than one year

57,955

1,094

NET LIABILITIES

(27,583

)

(45,862

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(27,584

)

(45,863

)

(27,583

)

(45,862

)

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

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

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 December 2021 and were signed by:

I Biederman - Director

1.	STATUTORY INFORMATION

Central Rider Training 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

At the balance sheet date the company had net liabilities £27,583 (2020: £45,862). The financial statements have been prepared on the going concern basis which assumes that the company will continue as a going concern for the foreseeable future. The validity of this assumption depends on the continuing support of the company creditors to provide adequate financial support and by not seeking repayment of amounts owed to them. The directors have no reason to believe this support is not forthcoming and accordingly believe it appropriate to prepare the financial statements on the going concern basis.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Government grants

Grants which relate to revenue are recognised in income in the period the related costs are incurred by the company for which the grant is intended to compensate.

Taxation

Taxation for the year 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 year 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2020

92,694

Additions

25,701

Disposals

(13,548

)

At 31 March 2021

104,847

DEPRECIATION

At 1 April 2020

77,436

Charge for year

15,569

Eliminated on disposal

(13,548

)

At 31 March 2021

79,457

NET BOOK VALUE

At 31 March 2021

25,390

At 31 March 2020

15,258

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 April 2020

41,820

Transfer to ownership

(32,770

)

At 31 March 2021

9,050

DEPRECIATION

At 1 April 2020

39,558

Charge for year

2,262

Transfer to ownership

(32,770

)

At 31 March 2021

9,050

NET BOOK VALUE

At 31 March 2021

-

At 31 March 2020

2,262

5.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.21

31.3.20

£

£

Hire purchase contracts

1,094

18,120

6.	RELATED PARTY DISCLOSURES

I Biederman - a director and shareholder

During the year payments were made to I Biederman for services rendered in the sum of £nil (2020: £12,300). At the year end I Biederman owed the company £38,514 (2020: £42,494).