Registration number:
Trail Riders Fellowship
(A company limited by guarantee)
for the Year Ended 31 August 2021
Trail Riders Fellowship
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Trail Riders Fellowship
Company Information
Directors |
John Vannuffel Mr Douglas Hay Cartwright Mr Paul Frank Bowen |
Mr Stewart Andrew Bosworth
Registered office |
|
Trail Riders Fellowship
(Registration number: 05848933)
Balance Sheet as at 31 August 2021
Note |
2021 |
2020 |
|
Fixed assets |
|||
Tangible assets |
|
|
|
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Net assets |
|
|
|
Reserves |
|||
Other reserves |
13,952 |
13,952 |
|
Retained earnings |
250,337 |
170,955 |
|
Surplus |
264,289 |
184,907 |
For the financial year ending 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
Trail Riders Fellowship
(Registration number: 05848933)
Balance Sheet as at 31 August 2021
......................................... |
......................................... |
Trail Riders Fellowship
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2021
General information |
The company is a company limited by guarantee, incorporated in United Kingdom, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Trail Riders Fellowship
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2021
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and Machinery |
20% straight line |
Office equipment |
25% straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised at the transaction price.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised at the transaction price.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Trail Riders Fellowship
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2021
Tangible assets |
Land and buildings |
Furniture, fittings and equipment |
Other tangible assets |
Total |
|
Cost or valuation |
||||
At 1 September 2020 |
|
|
|
|
At 31 August 2021 |
|
|
|
|
Depreciation |
||||
At 1 September 2020 |
- |
|
|
|
Charge for the year |
- |
|
|
|
At 31 August 2021 |
- |
|
|
|
Carrying amount |
||||
At 31 August 2021 |
|
|
- |
|
At 31 August 2020 |
|
|
|
|
Included within the net book value of land and buildings above is £7,000 (2020 - £7,000) in respect of freehold land.
Trail Riders Fellowship
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2021
Debtors |
Current |
2021 |
2020 |
Trade debtors |
|
|
Prepayments |
|
|
Other debtors |
|
|
|
|
Creditors |
Creditors: amounts falling due within one year
2021 |
2020 |
|
Due within one year |
||
Trade creditors |
|
|
Accruals and deferred income |
|
|
Other creditors |
( |
|
|
|
Non adjusting events after the financial period |
|