Registered number
08710265
OUR TRAIL LTD
Filleted Accounts
30 September 2023
OUR TRAIL LTD
Registered number: 08710265
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Current assets
Stocks 2,000 1,050
Debtors 3 272 -
Cash at bank and in hand 53,174 58,276
55,446 59,326
Creditors: amounts falling due within one year 4 (15,802) (19,424)
Net current assets 39,644 39,902
Total assets less current liabilities 39,644 39,902
Creditors: amounts falling due after more than one year 5 (4,885) (23,949)
Net assets 34,759 15,953
Capital and reserves
Called up share capital 1 1
Profit and loss account 34,758 15,952
Shareholders' funds 34,759 15,953
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
PANWAD MANEETAPHO
Director
Approved by the board on 13 August 2024
OUR TRAIL LTD
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 4
3 Debtors 2023 2022
£ £
Other debtors 272 -
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 13,926 12,124
Other creditors 1,876 7,300
15,802 19,424
5 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 4,885 23,949
6 Other information
OUR TRAIL LTD is a private company limited by shares and incorporated in England. Its registered office is:
20 Langley Road
Slough
Berkshire
SL3 7AB
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