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REGISTERED NUMBER: 06544130 (England and Wales)















BACK-ON-TRACK MOUNTAIN BIKE SOLUTIONS
LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2019






BACK-ON-TRACK MOUNTAIN BIKE SOLUTIONS
LIMITED (REGISTERED NUMBER: 06544130)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BACK-ON-TRACK MOUNTAIN BIKE SOLUTIONS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2019







DIRECTORS: R J Sorrell
E A Sorrell





SECRETARY: E A Sorrell





REGISTERED OFFICE: Upper Cwmhir
Jerusalem Lane
Pontypool
NP4 0TU





REGISTERED NUMBER: 06544130 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

BACK-ON-TRACK MOUNTAIN BIKE SOLUTIONS
LIMITED (REGISTERED NUMBER: 06544130)

BALANCE SHEET
31ST MARCH 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 89,272 144,962
Investments 6 108,000 108,000
197,272 252,962

CURRENT ASSETS
Debtors 7 116,641 62,207
Cash at bank and in hand 200,935 409,793
317,576 472,000
CREDITORS
Amounts falling due within one year 8 50,911 210,447
NET CURRENT ASSETS 266,665 261,553
TOTAL ASSETS LESS CURRENT
LIABILITIES

463,937

514,515

PROVISIONS FOR LIABILITIES 13,083 22,016
NET ASSETS 450,854 492,499

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 450,754 492,399
SHAREHOLDERS' FUNDS 450,854 492,499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the company keeps 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 Sections 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.

BACK-ON-TRACK MOUNTAIN BIKE SOLUTIONS
LIMITED (REGISTERED NUMBER: 06544130)

BALANCE SHEET - continued
31ST MARCH 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 15th November 2019 and were signed
on its behalf by:





R J Sorrell - Director


BACK-ON-TRACK MOUNTAIN BIKE SOLUTIONS
LIMITED (REGISTERED NUMBER: 06544130)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2019

1. STATUTORY INFORMATION

Back-on-track Mountain Bike Solutions Limited is a private company, limited by shares , registered in
England and Wales. The company's registered number and registered office address can be found on
the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, was
amortised evenly over its estimated useful life of five years. This was fully amortised in 2013.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are
measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period
of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2018 - 7 ) .

BACK-ON-TRACK MOUNTAIN BIKE SOLUTIONS
LIMITED (REGISTERED NUMBER: 06544130)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2019

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2018
and 31st March 2019 65,000
AMORTISATION
At 1st April 2018
and 31st March 2019 65,000
NET BOOK VALUE
At 31st March 2019 -
At 31st March 2018 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2018 10,205 256,551 101,263 3,467 371,486
Additions - 3,300 - 958 4,258
Disposals (10,205 ) (67,067 ) - - (77,272 )
At 31st March 2019 - 192,784 101,263 4,425 298,472
DEPRECIATION
At 1st April 2018 - 169,437 55,298 1,789 226,524
Charge for year - 11,201 11,491 539 23,231
Eliminated on disposal - (40,555 ) - - (40,555 )
At 31st March 2019 - 140,083 66,789 2,328 209,200
NET BOOK VALUE
At 31st March 2019 - 52,701 34,474 2,097 89,272
At 31st March 2018 10,205 87,114 45,965 1,678 144,962

BACK-ON-TRACK MOUNTAIN BIKE SOLUTIONS
LIMITED (REGISTERED NUMBER: 06544130)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2019

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st April 2018
and 31st March 2019 108,000
NET BOOK VALUE
At 31st March 2019 108,000
At 31st March 2018 108,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 100,485 51,474
Other debtors 9,319 4,034
Prepayments 6,837 6,699
116,641 62,207

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 4,583 855
Company Credit Card 1,324 1,595
Tax 7,704 -
Social security and other taxes - 1,986
VAT 28,153 8,720
Other creditors 410 (5 )
Directors' current accounts 5,377 5,096
Accruals and deferred income 3,360 3,200
Accrued expenses - 189,000
50,911 210,447

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
95 Ordinary A £1 95 95
5 Ordinary B £1 5 5
100 100

BACK-ON-TRACK MOUNTAIN BIKE SOLUTIONS
LIMITED (REGISTERED NUMBER: 06544130)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2019

10. RELATED PARTY DISCLOSURES

The balance of the Directors' Loan Account for Mr R J Sorrell as at 31st March 2019 was £5,377
(2018 - £5,096)