Black Mountain Activities Limited 04659715 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is other sporting activities Digita Accounts Production Advanced 6.30.9574.0 true 04659715 2022-04-01 2023-03-31 04659715 2023-03-31 04659715 bus:OrdinaryShareClass1 bus:CumulativeRedeemableShares 2023-03-31 04659715 core:CurrentFinancialInstruments 2023-03-31 04659715 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04659715 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 04659715 core:FurnitureFittingsToolsEquipment 2023-03-31 04659715 core:LandBuildings 2023-03-31 04659715 core:MotorVehicles 2023-03-31 04659715 core:OtherPropertyPlantEquipment 2023-03-31 04659715 bus:SmallEntities 2022-04-01 2023-03-31 04659715 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04659715 bus:AbridgedAccounts 2022-04-01 2023-03-31 04659715 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04659715 bus:RegisteredOffice 2022-04-01 2023-03-31 04659715 bus:CompanySecretary1 2022-04-01 2023-03-31 04659715 bus:Director1 2022-04-01 2023-03-31 04659715 bus:OrdinaryShareClass1 bus:CumulativeRedeemableShares 2022-04-01 2023-03-31 04659715 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04659715 core:Goodwill 2022-04-01 2023-03-31 04659715 core:FurnitureFittings 2022-04-01 2023-03-31 04659715 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 04659715 core:LandBuildings 2022-04-01 2023-03-31 04659715 core:LeaseholdImprovements 2022-04-01 2023-03-31 04659715 core:MotorVehicles 2022-04-01 2023-03-31 04659715 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 04659715 core:PlantMachinery 2022-04-01 2023-03-31 04659715 core:OtherRelatedParties 2022-04-01 2023-03-31 04659715 countries:AllCountries 2022-04-01 2023-03-31 04659715 2022-03-31 04659715 core:FurnitureFittingsToolsEquipment 2022-03-31 04659715 core:LandBuildings 2022-03-31 04659715 core:MotorVehicles 2022-03-31 04659715 core:OtherPropertyPlantEquipment 2022-03-31 04659715 2021-04-01 2022-03-31 04659715 2022-03-31 04659715 bus:OrdinaryShareClass1 bus:CumulativeRedeemableShares 2022-03-31 04659715 core:CurrentFinancialInstruments 2022-03-31 04659715 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 04659715 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 04659715 core:FurnitureFittingsToolsEquipment 2022-03-31 04659715 core:LandBuildings 2022-03-31 04659715 core:MotorVehicles 2022-03-31 04659715 core:OtherPropertyPlantEquipment 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04659715

Black Mountain Activities Limited

Filleted Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2023

 

Black Mountain Activities Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Black Mountain Activities Limited

Company Information

Director

Mr C Durham

Company secretary

Mrs A Durham

Registered office

The Activity Centre
Three Cocks
Brecon
Powys
LD3 0SD

Accountants

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

 

Black Mountain Activities Limited

(Registration number: 04659715)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

54,064

53,088

Current assets

 

Stocks

15,000

425

Debtors

2,990

9,256

Cash at bank and in hand

 

394,400

493,038

 

412,390

502,719

Prepayments and accrued income

 

439

355

Creditors: Amounts falling due within one year

6

(106,236)

(176,263)

Net current assets

 

306,593

326,811

Total assets less current liabilities

 

360,657

379,899

Creditors: Amounts falling due after more than one year

7

(39,735)

(60,618)

Provisions for liabilities

(9,318)

(8,595)

Accruals and deferred income

 

(18,872)

(22,606)

Net assets

 

292,732

288,080

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

292,632

287,980

Shareholders' funds

 

292,732

288,080

 

Black Mountain Activities Limited

(Registration number: 04659715)
Abridged Balance Sheet as at 31 March 2023

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 October 2023
 

.........................................

Mr C Durham
Director

 

Black Mountain Activities Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
The Activity Centre
Three Cocks
Brecon
Powys
LD3 0SD

These financial statements were authorised for issue by the director on 13 October 2023.

The company registration number is 04659715.

2

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 abridged 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 abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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. Turnover is shown net of value added tax, returns, rebates and discounts.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Black Mountain Activities Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

33% Straight line

Furniture, fittings and equipment

20% Straight line

Motor vehicles

25% Straight line

Land and buildings

10% Straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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 initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Black Mountain Activities Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Black Mountain Activities Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 13 (2022 - 14).

4

Intangible assets

Total
£

Cost or valuation

At 1 April 2022

60,000

At 31 March 2023

60,000

Amortisation

At 1 April 2022

60,000

At 31 March 2023

60,000

Carrying amount

At 31 March 2023

-

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2022

15,886

2,432

9,750

56,104

84,172

Additions

-

1,548

6,663

11,820

20,031

Disposals

-

-

-

(16,532)

(16,532)

At 31 March 2023

15,886

3,980

16,413

51,392

87,671

Depreciation

At 1 April 2022

405

994

7,875

21,808

31,082

Charge for the year

1,588

638

701

16,065

18,992

Eliminated on disposal

-

-

-

(16,467)

(16,467)

At 31 March 2023

1,993

1,632

8,576

21,406

33,607

Carrying amount

At 31 March 2023

13,893

2,348

7,837

29,986

54,064

At 31 March 2022

15,481

1,436

1,875

34,296

53,088

 

Black Mountain Activities Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Included within the net book value of land and buildings above is £13,893 (2022 - £15,481) in respect of freehold land and buildings.
 

6

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £23,340 (2022 - £23,340).

7

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £39,735 (2022 - £60,618).

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

9

Related party transactions

Summary of transactions with other related parties

Relationship: Owners holding participating interest
 During the year, owners holding participating interest, made interest free, unsecured, repayable on demand loans to the company. At the balance sheet date, the amount due to owners holding participating interest was £44,914 (2022 - £109,838).