Trailnet CIC - Filleted accounts

Registered number

06482275

Trailnet CIC

(Company Limited By Guarantee)

Unaudited Filleted Accounts

31 January 2026

Trailnet CIC
(Company Limited By Guarantee)
Registered number:		06482275
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		132,777			135,522

Current assets
Debtors	5	11,530			3,232
Cash at bank and in hand		11,817			13,464
		23,347			16,696

Creditors: amounts falling due within one year	6	(40,780)			(32,698)

Net current liabilities			(17,433)			(16,002)

Net assets			115,344			119,520

Capital and reserves
Profit and loss account			115,344			119,520

Shareholder's funds			115,344			119,520

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.




G D Fletcher
Director
Approved by the board on 28 October 2026

Trailnet CIC
(Company Limited By Guarantee)
Notes to the Accounts
for the year ended 31 January 2026


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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Storage facilities, plant and equipment			over 10 years
	Cycling equipment			over 3 years
	Motor vehicle			25% on reducing balance method
	Leasehold improvements			over 20 years

	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.


	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					8		8















3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 February 2025							5,000
	At 31 January 2026							5,000

	Amortisation
	At 1 February 2025							5,000
	At 31 January 2026							5,000

	Net book value
	At 31 January 2026							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 February 2025	150,805		91,742		4,400		246,947
	Additions	-		7,364		-		7,364
	At 31 January 2026	150,805		99,106		4,400		254,311

	Depreciation
	At 1 February 2025	30,161		77,003		4,261		111,425
	Charge for the year	7,540		2,535		34		10,109
	At 31 January 2026	37,701		79,538		4,295		121,534

	Net book value
	At 31 January 2026	113,104		19,568		105		132,777
	At 31 January 2025	120,644		14,739		139		135,522


5	Debtors					2026		2025
£							£

	Trade debtors					9,629		2,695
	Other debtors					1,901		537
						11,530		3,232







6	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					6,413		2,453
	Trade creditors					8,926		9,993
	Taxation and social security costs					10,693		4,954
	Other creditors					14,748		15,298
						40,780		32,698


7	Related party transactions

	During the year, the director, G Fletcher, made an advance to the company. At 31st January 2026, the outstanding balance was the sum of £4,450 (2025: £4,354).


8	Controlling party

	During this and the previous period the company had no ultimate controlling party.


9	Other information

	Trailnet CIC is a private company limited by guarantee and incorporated in England. Its registered office is:
	Thorndon Cycle Centre
	The Avenue
	Brentwood
	Essex
	CM13 3RZ