Silverfin false false 29/02/2024 01/03/2023 29/02/2024 T Macdonald 08/01/2024 01/01/2023 P A Saxena 10/10/2017 26 November 2024 The principal activity of the Company during the financial year was that of building mountain bike trails. 10605947 2024-02-29 10605947 bus:Director1 2024-02-29 10605947 bus:Director2 2024-02-29 10605947 2023-02-28 10605947 core:CurrentFinancialInstruments 2024-02-29 10605947 core:CurrentFinancialInstruments 2023-02-28 10605947 core:Non-currentFinancialInstruments 2024-02-29 10605947 core:Non-currentFinancialInstruments 2023-02-28 10605947 core:ShareCapital 2024-02-29 10605947 core:ShareCapital 2023-02-28 10605947 core:RetainedEarningsAccumulatedLosses 2024-02-29 10605947 core:RetainedEarningsAccumulatedLosses 2023-02-28 10605947 core:Goodwill 2023-02-28 10605947 core:Goodwill 2024-02-29 10605947 core:PlantMachinery 2023-02-28 10605947 core:Vehicles 2023-02-28 10605947 core:OfficeEquipment 2023-02-28 10605947 core:ComputerEquipment 2023-02-28 10605947 core:PlantMachinery 2024-02-29 10605947 core:Vehicles 2024-02-29 10605947 core:OfficeEquipment 2024-02-29 10605947 core:ComputerEquipment 2024-02-29 10605947 bus:OrdinaryShareClass1 2024-02-29 10605947 bus:OrdinaryShareClass2 2024-02-29 10605947 bus:OrdinaryShareClass3 2024-02-29 10605947 bus:OrdinaryShareClass4 2024-02-29 10605947 bus:OrdinaryShareClass5 2024-02-29 10605947 bus:OtherShareClass1 2024-02-29 10605947 2023-03-01 2024-02-29 10605947 bus:FilletedAccounts 2023-03-01 2024-02-29 10605947 bus:SmallEntities 2023-03-01 2024-02-29 10605947 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 10605947 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10605947 bus:Director1 2023-03-01 2024-02-29 10605947 bus:Director2 2023-03-01 2024-02-29 10605947 core:Goodwill core:TopRangeValue 2023-03-01 2024-02-29 10605947 core:PlantMachinery core:BottomRangeValue 2023-03-01 2024-02-29 10605947 core:PlantMachinery core:TopRangeValue 2023-03-01 2024-02-29 10605947 core:Vehicles 2023-03-01 2024-02-29 10605947 core:OfficeEquipment core:TopRangeValue 2023-03-01 2024-02-29 10605947 core:ComputerEquipment core:BottomRangeValue 2023-03-01 2024-02-29 10605947 core:ComputerEquipment core:TopRangeValue 2023-03-01 2024-02-29 10605947 2022-03-01 2023-02-28 10605947 core:Goodwill 2023-03-01 2024-02-29 10605947 core:PlantMachinery 2023-03-01 2024-02-29 10605947 core:OfficeEquipment 2023-03-01 2024-02-29 10605947 core:ComputerEquipment 2023-03-01 2024-02-29 10605947 core:CurrentFinancialInstruments 2023-03-01 2024-02-29 10605947 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 10605947 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 10605947 bus:OrdinaryShareClass2 2023-03-01 2024-02-29 10605947 bus:OrdinaryShareClass2 2022-03-01 2023-02-28 10605947 bus:OrdinaryShareClass3 2023-03-01 2024-02-29 10605947 bus:OrdinaryShareClass3 2022-03-01 2023-02-28 10605947 bus:OrdinaryShareClass4 2023-03-01 2024-02-29 10605947 bus:OrdinaryShareClass4 2022-03-01 2023-02-28 10605947 bus:OrdinaryShareClass5 2023-03-01 2024-02-29 10605947 bus:OrdinaryShareClass5 2022-03-01 2023-02-28 10605947 bus:OtherShareClass1 2023-03-01 2024-02-29 10605947 bus:OtherShareClass1 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10605947 (England and Wales)

ARCHITRAIL VELOSOLUTIONS UK LIMITED

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

ARCHITRAIL VELOSOLUTIONS UK LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

ARCHITRAIL VELOSOLUTIONS UK LIMITED

BALANCE SHEET

As at 29 February 2024
ARCHITRAIL VELOSOLUTIONS UK LIMITED

BALANCE SHEET (continued)

As at 29 February 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 1,950 2,600
Tangible assets 4 100,240 41,430
102,190 44,030
Current assets
Debtors 5 694,043 578,296
Cash at bank and in hand 42,806 17,975
736,849 596,271
Creditors: amounts falling due within one year 6 ( 638,087) ( 495,377)
Net current assets 98,762 100,894
Total assets less current liabilities 200,952 144,924
Creditors: amounts falling due after more than one year 7 ( 67,574) ( 83,745)
Provision for liabilities ( 16,523) 0
Net assets 116,855 61,179
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 116,755 61,079
Total shareholders' funds 116,855 61,179

For the financial year ending 29 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Architrail Velosolutions UK Limited (registered number: 10605947) were approved and authorised for issue by the Director on 26 November 2024. They were signed on its behalf by:

P A Saxena
Director
ARCHITRAIL VELOSOLUTIONS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
ARCHITRAIL VELOSOLUTIONS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Architrail Velosolutions UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 2 Brewery Court North Street, Bedminster, Bristol, BS3 1JS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Turnover

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 and after eliminating sales within the company.

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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 2 - 5 years straight line
Vehicles 33 % reducing balance
Office equipment 4 years straight line
Computer equipment 3 - 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 11 10

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 March 2023 6,500 6,500
At 29 February 2024 6,500 6,500
Accumulated amortisation
At 01 March 2023 3,900 3,900
Charge for the financial year 650 650
At 29 February 2024 4,550 4,550
Net book value
At 29 February 2024 1,950 1,950
At 28 February 2023 2,600 2,600

4. Tangible assets

Plant and machinery Vehicles Office equipment Computer equipment Total
£ £ £ £ £
Cost
At 01 March 2023 38,714 10,995 5,466 5,188 60,363
Additions 79,247 0 6,160 1,427 86,834
Disposals 0 0 0 ( 1,117) ( 1,117)
At 29 February 2024 117,961 10,995 11,626 5,498 146,080
Accumulated depreciation
At 01 March 2023 6,003 6,608 4,247 2,075 18,933
Charge for the financial year 23,128 1,448 1,699 1,330 27,605
Disposals 0 0 0 ( 698) ( 698)
At 29 February 2024 29,131 8,056 5,946 2,707 45,840
Net book value
At 29 February 2024 88,830 2,939 5,680 2,791 100,240
At 28 February 2023 32,711 4,387 1,219 3,113 41,430
Leased assets included above:
Net book value
At 29 February 2024 59,095 0 0 0 59,095
At 28 February 2023 0 0 0 0 0

5. Debtors

2024 2023
£ £
Trade debtors 148,379 145,688
Amounts owed by director 114,403 84,041
Prepayments and accrued income 182,140 129,073
Other debtors 249,121 219,494
694,043 578,296

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 6,966 10,000
Trade creditors 191,951 173,443
Accruals and deferred income 0 89,229
Corporation tax 13,548 11,634
Other taxation and social security 393,263 113,179
Obligations under finance leases and hire purchase contracts (secured) 18,901 14,258
Other creditors 13,458 83,634
638,087 495,377

Obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 26,482 28,799
Obligations under finance leases and hire purchase contracts 41,092 10,544
Other creditors 0 44,402
67,574 83,745

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
19 Ordinary A of £1 each shares of £ 1.00 each 19 19
39 Ordinary B of £1 each shares of £ 1.00 each 39 39
39 Ordinary C of £1 each shares of £ 1.00 each 39 39
1 Ordinary D of £1 each share of £ 1.00 1 1
1 Ordinary E of £1 each share of £ 1.00 1 1
1 Ordinary F of £1 each share of £ 1.00 1 1
100 100

9. Financial commitments

Other financial commitments

As at 28 February 2024 the company had future minimum lease payments under non-cancellable operating leases of £87,500 (2023 — £14,000).

10. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Advances to directors 114,403 84,041

Advances

Advances in the year of £49,167 (at interest rate of 2.00%) were made to the director, £22,395 has been repaid.

Other related party transactions

At the year end the company was owed £114,121 (2023 - £109,812) by companies connected by virtue of common control.