Track & Field Tours Limited 02633749 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is tour operator activities. Digita Accounts Production Advanced 6.30.9574.0 true 02633749 2024-04-01 2025-03-31 02633749 2025-03-31 02633749 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2025-03-31 02633749 core:RetainedEarningsAccumulatedLosses 2025-03-31 02633749 core:ShareCapital 2025-03-31 02633749 core:CurrentFinancialInstruments 2025-03-31 02633749 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 02633749 core:FurnitureFittingsToolsEquipment 2025-03-31 02633749 core:LandBuildings 2025-03-31 02633749 bus:SmallEntities 2024-04-01 2025-03-31 02633749 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 02633749 bus:FilletedAccounts 2024-04-01 2025-03-31 02633749 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02633749 bus:RegisteredOffice 2024-04-01 2025-03-31 02633749 bus:Director1 2024-04-01 2025-03-31 02633749 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-04-01 2025-03-31 02633749 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02633749 bus:Agent1 2024-04-01 2025-03-31 02633749 core:FurnitureFittings 2024-04-01 2025-03-31 02633749 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 02633749 core:LandBuildings 2024-04-01 2025-03-31 02633749 countries:AllCountries 2024-04-01 2025-03-31 02633749 2024-03-31 02633749 core:FurnitureFittingsToolsEquipment 2024-03-31 02633749 core:LandBuildings 2024-03-31 02633749 2023-04-01 2024-03-31 02633749 2024-03-31 02633749 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-03-31 02633749 core:RetainedEarningsAccumulatedLosses 2024-03-31 02633749 core:ShareCapital 2024-03-31 02633749 core:CurrentFinancialInstruments 2024-03-31 02633749 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02633749 core:FurnitureFittingsToolsEquipment 2024-03-31 02633749 core:LandBuildings 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registrar

Registration number: 02633749

Track & Field Tours Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Track & Field Tours Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

Track & Field Tours Limited

Company Information

Directors

D A Barnett

Registered office

Track & Field House
66 Fryerning Lane
Ingatestone
Essex
CM4 0NN

Bankers

Barclays Bank Plc
75 High Street
Brentwood
Essex
CM14 4RP

Accountants

Lambert Chapman LLP
Chartered accountants3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Track & Field Tours Limited

(Registration number: 02633749)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

80,587

80,571

Current assets

 

Debtors

5

311,698

77,717

Cash at bank and in hand

 

772,286

763,944

 

1,083,984

841,661

Creditors: Amounts falling due within one year

6

(604,358)

(413,600)

Net current assets

 

479,626

428,061

Total assets less current liabilities

 

560,213

508,632

Provisions for liabilities

(545)

(541)

Net assets

 

559,668

508,091

Capital and reserves

 

Called up share capital

7

10,000

10,000

Retained earnings

549,668

498,091

Shareholders' funds

 

559,668

508,091

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 July 2025
 

D A Barnett
Director

 

Track & Field Tours Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: Track & Field House, 66 Fryerning Lane, Ingatestone, Essex, CM4 0NN.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Departures from Companies Act requirements

Land and buildings owned by the company have not been depreciated which is a departure from the Companies Act 2006.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in arranging athletics tours and events in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

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.

Government grants

Government grants have been recognised within the profit and loss account for the accounting period they relate to.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on material temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 

Track & Field Tours Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% Straight line

Land and buildings

Not depreciated

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 1).

 

Track & Field Tours Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Land and buildings
£

Office equipment
 £

Total
£

Cost or valuation

At 1 April 2024

78,407

31,422

109,829

Additions

-

635

635

At 31 March 2025

78,407

32,057

110,464

Depreciation

At 1 April 2024

-

29,258

29,258

Charge for the year

-

619

619

At 31 March 2025

-

29,877

29,877

Carrying amount

At 31 March 2025

78,407

2,180

80,587

At 31 March 2024

78,407

2,164

80,571

Included within the net book value of land and buildings above is £78,407 (2024 - £78,407) in respect of freehold land and buildings.
 

5

Debtors

2025
£

2024
£

Other debtors

1,818

3,263

Prepayments

309,880

74,454

311,698

77,717

 

Track & Field Tours Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

5,480

2,125

Taxation and social security

14,655

33,406

Other creditors

19,500

21,773

Accruals and deferred income

564,723

356,296

604,358

413,600

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

10,000

10,000

10,000

10,000