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REGISTERED NUMBER:
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BACK-ON-TRACK MOUNTAIN BIKE SOLUTIONS |
LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MARCH 2018 |
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REGISTERED NUMBER:
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BACK-ON-TRACK MOUNTAIN BIKE SOLUTIONS |
LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MARCH 2018 |
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BACK-ON-TRACK MOUNTAIN BIKE SOLUTIONS |
LIMITED (REGISTERED NUMBER: 06544130) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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BACK-ON-TRACK MOUNTAIN BIKE SOLUTIONS |
LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
Pembroke House |
Llantarnam Park Way |
Cwmbran |
Torfaen |
NP44 3AU |
BACK-ON-TRACK MOUNTAIN BIKE SOLUTIONS |
LIMITED (REGISTERED NUMBER: 06544130) |
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BALANCE SHEET |
31ST MARCH 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Investments | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
BACK-ON-TRACK MOUNTAIN BIKE SOLUTIONS |
LIMITED (REGISTERED NUMBER: 06544130) |
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BALANCE SHEET - continued |
31ST MARCH 2018 |
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The financial statements were approved by the Board of Directors on
by: |
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BACK-ON-TRACK MOUNTAIN BIKE SOLUTIONS |
LIMITED (REGISTERED NUMBER: 06544130) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2018 |
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1. | STATUTORY INFORMATION |
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Back-on-track Mountain Bike Solutions Limited is a
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and Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, was amortised evenly |
over its estimated useful life of five years. This was fully amortised in 2013. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Plant and machinery | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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BACK-ON-TRACK MOUNTAIN BIKE SOLUTIONS |
LIMITED (REGISTERED NUMBER: 06544130) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2018 |
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1st April 2017 |
and 31st March 2018 |
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AMORTISATION |
At 1st April 2017 |
and 31st March 2018 |
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NET BOOK VALUE |
At 31st March 2018 |
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At 31st March 2017 |
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5. | TANGIBLE FIXED ASSETS |
Freehold | Plant and | Motor | Computer |
property | machinery | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1st April 2017 |
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Disposals |
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At 31st March 2018 |
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DEPRECIATION |
At 1st April 2017 |
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Charge for year |
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Eliminated on disposal |
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At 31st March 2018 |
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NET BOOK VALUE |
At 31st March 2018 |
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At 31st March 2017 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Other debtors |
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Prepayments |
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BACK-ON-TRACK MOUNTAIN BIKE SOLUTIONS |
LIMITED (REGISTERED NUMBER: 06544130) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2018 |
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7. | CURRENT ASSET INVESTMENTS |
2018 | 2017 |
£ | £ |
Unlisted investments |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Company Credit Card |
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Tax |
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Social security and other taxes |
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VAT |
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Other creditors | ( |
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Directors' current accounts |
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Accruals and deferred income |
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Accrued expenses |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary A | £1 | 95 | 95 |
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Ordinary B | £1 | 5 | 5 |
100 | 100 |
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10. | RELATED PARTY DISCLOSURES |
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The
balance of the Directors' Loan Account
for Mr
R J Sorrell
as at 31st March 2018 was £5,096 (2017 -
£3,647) |