Registered number
09053176
Black Mountains Cycle Centre Ltd
Unaudited Filleted Accounts
31 December 2024
Black Mountains Cycle Centre Ltd
Registered number: 09053176
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 43,271 54,088
Current assets
Stocks 250 1,234
Debtors 4 134 -
Cash at bank and in hand 34,285 25,240
34,669 26,474
Creditors: amounts falling due within one year 5 (42,874) (54,053)
Net current liabilities (8,205) (27,579)
Total assets less current liabilities 35,066 26,509
Creditors: amounts falling due after more than one year 6 (1,112) (3,218)
Provisions for liabilities (11,466) (14,333)
Net assets 22,488 8,958
Capital and reserves
Called up share capital 100 100
Profit and loss account 22,388 8,858
Shareholders' funds 22,488 8,958
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.
Gwenda Binns
Director
Approved by the board on 7 July 2025
Black Mountains Cycle Centre Ltd
Notes to the Accounts
for the year ended 31 December 2024
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 19 12
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 113,529
At 31 December 2024 113,529
Depreciation
At 1 January 2024 59,441
Charge for the year 10,817
At 31 December 2024 70,258
Net book value
At 31 December 2024 43,271
At 31 December 2023 54,088
4 Debtors 2024 2023
£ £
Other debtors 134 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,065 2,025
Obligations under finance lease and hire purchase contracts - 11,988
Trade creditors 1,031 5,981
Taxation and social security costs 22,010 22,072
Income in Advance 1,062 -
Other creditors 16,706 11,987
42,874 54,053
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,112 3,218
7 Related party transactions
All transactions with related parties during the year ending 31st December 2024 were at an arm's length market rate.
8 Transactions with directors
During the year, company director Gwenda Binns used a current account with the company to record amounts drawn by her and amounts due to her. As at 31st December 2024 the account showed an amount of £656.10 due to Gwenda Binns as a director (2023: £6,569.35).

During the year, company director Gary Broad used a current account with the company to record amounts drawn by him and amounts due to him. As at 31st December 2024 the account showed an amount of £Nil due back to Gary Broad as a director (2023: £240.00).

During the year, company director Shaun Bevan used a current account with the company to record amounts drawn by him and amounts due to him. As at 31st December 2024 the account showed an amount of £Nil due back to Shaun Bevan as a director (2023: £2,240.00).

The amounts are repayable on demand and do not carry interest.
9 Controlling party
Company director, Gwenda Binns owns 60% of the issued share capital of the company. She is therefore the company's ultimate controlling party.
10 Trading Name
Black Mountains Cycle Centre Limited also trades as Dirt Farm.
11 Other information
Black Mountains Cycle Centre Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:
The Old Bank
Beaufort Street
Crickhowell
Powys
NP8 1AD
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