Company Registration No. 04527876 (England and Wales)
Inline Track Training Limited
Unaudited accounts
for the year ended 31 March 2023
Inline Track Training Limited
Unaudited accounts
Contents
Inline Track Training Limited
Company Information
for the year ended 31 March 2023
Company Number
04527876 (England and Wales)
Registered Office
Inline Track Training Ltd
Ashmill Business Park
Ashford Road, Lenham
Maidstone
Kent
ME17 2GQ
England
Inline Track Training Limited
Statement of financial position
as at 31 March 2023
Tangible assets
709,334
707,464
Investments
250,000
250,000
Cash at bank and in hand
350,819
81,203
Creditors: amounts falling due within one year
(13,801)
(27,800)
Net current assets
993,117
613,208
Total assets less current liabilities
1,952,451
1,570,672
Creditors: amounts falling due after more than one year
(3)
(3)
Provisions for liabilities
Deferred tax
(29,583)
(29,583)
Net assets
1,922,865
1,541,086
Called up share capital
100
100
Profit and loss account
1,922,765
1,540,986
Shareholders' funds
1,922,865
1,541,086
For the 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. 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 6 April 2023 and were signed on its behalf by
David Thomson
Director
Company Registration No. 04527876
Inline Track Training Limited
Notes to the Accounts
for the year ended 31 March 2023
Inline Track Training Limited is a private company, limited by shares, registered in England and Wales, registration number 04527876. The registered office is Inline Track Training Ltd, Ashmill Business Park, Ashford Road, Lenham, Maidstone, Kent, ME17 2GQ, 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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
542,915
138,793
234,953
40,114
956,775
Additions
-
42,203
11,667
-
53,870
At 31 March 2023
542,915
180,996
246,620
40,114
1,010,645
At 1 April 2022
-
69,228
140,781
39,302
249,311
Charge for the year
-
20,000
30,000
2,000
52,000
At 31 March 2023
-
89,228
170,781
41,302
301,311
At 31 March 2023
542,915
91,768
75,839
(1,188)
709,334
At 31 March 2022
542,915
69,565
94,172
812
707,464
Inline Track Training Limited
Notes to the Accounts
for the year ended 31 March 2023
5
Investments
Subsidiary undertakings
Valuation at 1 April 2022
250,000
Valuation at 31 March 2023
250,000
Amounts falling due within one year
Trade debtors
34,224
138,516
Amounts due from group undertakings etc.
621,875
8,599
Accrued income and prepayments
-
12,690
7
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
(6,000)
10,170
Taxes and social security
11,725
16,317
8
Creditors: amounts falling due after more than one year
2023
2022
Non-equity preference shares
3
3
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).