2023-04-01 10711037 2024-03-31 10711037 2023-04-01 2024-03-31 10711037 2023-03-31 10711037 2022-04-01 2023-03-31 10711037 uk-core:WithinOneYear 2023-03-31 10711037 uk-core:WithinOneYear 2024-03-31 10711037 uk-core:AfterOneYear 2023-03-31 10711037 uk-core:AfterOneYear 2024-03-31 10711037 uk-core:ShareCapital 2024-03-31 10711037 uk-core:ShareCapital 2023-03-31 10711037 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 10711037 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 10711037 uk-bus:Director1 2023-04-01 2024-03-31 10711037 uk-bus:Director2 2023-04-01 2024-03-31 10711037 uk-core:NetGoodwill 2023-04-01 2024-03-31 10711037 uk-core:FurnitureFittings 2023-04-01 2024-03-31 10711037 uk-core:Goodwill 2023-03-31 10711037 uk-core:Goodwill 2024-03-31 10711037 uk-core:Goodwill 2023-04-01 2024-03-31 10711037 uk-core:WithinOneYear 2024-03-31 10711037 uk-core:WithinOneYear 2023-03-31 10711037 uk-core:AfterOneYear uk-core:Secured 2024-03-31 10711037 uk-core:AfterOneYear uk-core:Secured 2023-03-31 iso4217:GBP xbrli:pure 10711037 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10711037 uk-bus:FRS102 2023-04-01 2024-03-31 10711037 uk-bus:FullAccounts 2023-04-01 2024-03-31 10711037 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Tarka Trail Cycle Hire Ltd
Registered Number:10711037
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Tarka Trail Cycle Hire Ltd
Contents Page
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Statement of Financial Position
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Notes to the Financial Statements
3
Registered Number :
10711037
As at 31 March 2024
Tarka Trail Cycle Hire Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
24,073
31,034
2
Property, plant and equipment
12,805
15,003
3
36,878
46,037
Current assets
Inventories
3,500
3,500
4
Trade and other receivables
3,303
5,285
5
13,751
Cash and cash equivalents
2,856
11,641
20,554
Trade and other payables: amounts falling due within
one year
(35,369)
(33,458)
6
(14,815)
(21,817)
Net current liabilities
Total assets less current liabilities
15,061
31,222
Trade and other payables: amounts falling due after
more than one year
(4,336)
(2,382)
7
(2,223)
(2,594)
Provisions for liabilities
10,456
Net assets
24,292
Capital and reserves
Called up share capital
100
100
Retained earnings
10,356
24,192
10,456
24,292
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Section 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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Registered Number :
10711037
For the year ended 31 March 2024
Tarka Trail Cycle Hire Ltd
Statement of Financial Position Continued
Janice Sheila Christmas Director
Timothy Huxtable Director
These financial statements were approved and authorised for issue by the Board on 11 October 2024 and were signed by:
The notes form part of these financial statements
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For the year ended 31 March 2024
Tarka Trail Cycle Hire Ltd
Notes to the Financial Statements
Statutory Information
Tarka Trail Cycle Hire Ltd is a private limited company, limited by shares, domiciled in England and
Wales, registration number 10711037.
Principal place of business:
The Railway Station
Barnstaple
DEVON
EX31 2AU
Registered address:
10/11 Northfield Road
Ilfracombe
DEVON
EX34 8AL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic
of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the
historical costs convention as modified by the revaluation of certain assets.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Straight line
Government grants
Government grants are reported on an accruals basis. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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For the year ended 31 March 2024
Tarka Trail Cycle Hire Ltd
Notes to the Financial Statements Continued
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable and fully comply with auto enrolment legislation.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2023
69,608
At 31 March 2024
69,608
Amortisation
At 01 April 2023
38,574
6,961
Charge for year
At 31 March 2024
45,535
Net book value
At 31 March 2024
24,073
At 31 March 2023
31,034
3. Property, plant and equipment
Plant and
Machinery
£
Cost or
valuation
At 01 April 2023
38,715
6,729
Additions
At 31 March 2024
45,444
Provision for depreciation and impairment
At 01 April 2023
23,712
Charge for year
8,927
At 31 March 2024
32,639
At 31 March 2024
Net book value
12,805
At 31 March 2023
15,003
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For the year ended 31 March 2024
Tarka Trail Cycle Hire Ltd
Notes to the Financial Statements Continued
4. Inventories
2023
2024
£
£
Stocks
3,500
3,500
Inventories are valued at the lower of cost and selling price less costs to complete and sell. Cost is defined as the actual cost of materials. Provision is made for obsolete and slow-moving items. In respect of work in progress this is the percentage of any sales contract that has been completed within the year but invoiced after the year end and is based on the sales invoice total.
5. Trade and other receivables
2023
2024
£
£
Other debtors
5,285
3,303
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
4,056
2,103
Taxation and social security
401
2,322
Other creditors
29,001
30,944
33,458
35,369
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
2,382
4,336
8. Average number of persons employed
During the year the average number of employees was 7 (2023 : 11)
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