Company Registration No. 09755138 (England and Wales)
The Bear Trail Ltd
Unaudited accounts
for the year ended 30 June 2023
The Bear Trail Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
761,259
735,197
Cash at bank and in hand
(37,113)
(39,998)
Creditors: amounts falling due within one year
(161,391)
(196,492)
Net current assets
39,265
112,972
Total assets less current liabilities
800,624
848,269
Creditors: amounts falling due after more than one year
(541,149)
(623,522)
Net assets
259,475
224,747
Called up share capital
100
100
Revaluation reserve
43,728
43,728
Profit and loss account
215,647
180,919
Shareholders' funds
259,475
224,747
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 September 2023 and were signed on its behalf by
Ben Jordan
Director
Company Registration No. 09755138
The Bear Trail Ltd
Notes to the Accounts
for the year ended 30 June 2023
The Bear Trail Ltd is a private company, limited by shares, registered in England and Wales, registration number 09755138. The registered office is WESTCOTT, CULLOMPTON, EX15 1SA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% on buildings. No depreciation on land.
Plant & machinery
5% & 25% straight line.
Motor vehicles
20% straight line
Computer equipment
33% straight line.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2022
578,734
201,234
45,795
2,275
828,038
Additions
56,850
14,938
-
-
71,788
Disposals
-
-
(45,795)
-
(45,795)
At 30 June 2023
635,584
216,172
-
2,275
854,031
At 1 July 2022
16,962
57,237
16,486
2,156
92,841
Charge for the year
3,818
12,481
-
118
16,417
On disposals
-
-
(16,486)
-
(16,486)
At 30 June 2023
20,780
69,718
-
2,274
92,772
At 30 June 2023
614,804
146,454
-
1
761,259
At 30 June 2022
561,772
143,997
29,309
119
735,197
The Bear Trail Ltd
Notes to the Accounts
for the year ended 30 June 2023
5
Investments
Other investments
Valuation at 1 July 2022
100
Valuation at 30 June 2023
100
Amounts falling due within one year
Trade debtors
10,465
1,618
Amounts due from group undertakings etc.
227,304
339,498
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
18,799
18,799
Obligations under finance leases and hire purchase contracts
1,676
37,667
Taxes and social security
2,953
5,373
Loans from directors
123,614
133,603
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
541,149
623,522
9
Transactions with related parties
At the year end the company was owed £227,304 (2022: £339,498), by Bear Town Ltd, a wholly owned subsidiary of The Bear Trail Ltd.
During the year the company recharged Bear Town Ltd staff wages of £185,859 (2021: £106,979).
During the year the company recharged Bear Town Ltd overhead and capital purchase costs of £17,090 (2021: £17,702).
During the year Bear Town Ltd repaid £306,178 to The Bear Trail Ltd (2021: £284,048)
10
Average number of employees
During the year the average number of employees was 25 (2022: 25).