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Company Registration No. 04527876 (England and Wales)
Inline Track Training Limited Unaudited accounts for the year ended 31 March 2024
Inline Track Training Limited Unaudited accounts Contents
Page
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Inline Track Training Limited Company Information for the year ended 31 March 2024
Director
David Thomson
Company Number
04527876 (England and Wales)
Registered Office
Inline Track Training Ltd Ashmill Business Park Ashford Road, Lenham Maidstone Kent ME17 2GQ England
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Inline Track Training Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,288,409 
709,334 
Investments
- 
250,000 
1,288,409 
959,334 
Current assets
Debtors
65,438 
656,099 
Cash at bank and in hand
347,639 
350,819 
413,077 
1,006,918 
Creditors: amounts falling due within one year
(32,541)
(13,801)
Net current assets
380,536 
993,117 
Total assets less current liabilities
1,668,945 
1,952,451 
Creditors: amounts falling due after more than one year
(45)
(3)
Provisions for liabilities
Deferred tax
(2,583)
(29,583)
Net assets
1,666,317 
1,922,865 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,666,217 
1,922,765 
Shareholders' funds
1,666,317 
1,922,865 
For the year ending 31 March 2024 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 31 July 2023 and were signed on its behalf by
David Thomson Director Company Registration No. 04527876
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Inline Track Training Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
20
Plant & machinery
10
Motor vehicles
5
Fixtures & fittings
10
Computer equipment
5
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 2023
542,915 
180,996 
246,620 
40,114 
1,010,645 
Additions
200,000 
421,875 
9,200 
- 
631,075 
At 31 March 2024
742,915 
602,871 
255,820 
40,114 
1,641,720 
Depreciation
At 1 April 2023
- 
89,228 
170,781 
41,302 
301,311 
Charge for the year
- 
20,000 
30,000 
2,000 
52,000 
At 31 March 2024
- 
109,228 
200,781 
43,302 
353,311 
Net book value
At 31 March 2024
742,915 
493,643 
55,039 
(3,188)
1,288,409 
At 31 March 2023
542,915 
91,768 
75,839 
(1,188)
709,334 
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Inline Track Training Limited Notes to the Accounts for the year ended 31 March 2024
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2023
250,000 
Fair value adjustments
(250,000)
Valuation at 31 March 2024
- 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
65,438 
34,224 
Amounts due from group undertakings etc.
- 
621,875 
65,438 
656,099 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
20,636 
8,076 
Obligations under finance leases and hire purchase contracts
- 
(6,000)
Trade creditors
53 
- 
Taxes and social security
9,441 
11,725 
Loans from directors
201 
- 
Accruals
2,210 
- 
32,541 
13,801 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
42 
- 
Non-equity preference shares
3 
3 
45 
3 
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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