Abbreviated Company Accounts - TRAC ASSOCIATES LIMITED

TRAC ASSOCIATES LIMITED - Company Information

07705293 TRAC ASSOCIATES LIMITED 2014-07-31 false 2013-08-01 2014-07-31 true 07705293 2013-08-01 2014-07-31 07705293 2014-07-31 07705293 2013-07-31 07705293 uk-gaap-cd-bus:Director1 2013-08-01 2014-07-31 07705293 uk-gaap-cd-bus:Director2 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-07-31 iso4217:GBP shares

Registered Number 07705293

TRAC ASSOCIATES LIMITED

Abbreviated Accounts

31 July 2014

TRAC ASSOCIATES LIMITED Registered Number 07705293

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,825	1,099
		2,825	1,099
Current assets
Debtors		20,584	20,619
Cash at bank and in hand		15,245	11,367
		35,829	31,986
Creditors: amounts falling due within one year		(34,453)	(30,347)
Net current assets (liabilities)		1,376	1,639
Total assets less current liabilities		4,201	2,738
Total net assets (liabilities)		4,201	2,738
Capital and reserves
Called up share capital	3	400	400
Profit and loss account		3,801	2,338
Shareholders' funds		4,201	2,738

For the year ending 31 July 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 April 2015

And signed on their behalf by:
Mr K Roebuck, Director
Mr P Cooke, Director

TRAC ASSOCIATES LIMITED Registered Number 07705293

Notes to the Abbreviated Accounts for the period ended 31 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and machinery - 25% on a reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 August 2013	1,293
Additions	2,224
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	3,517
Depreciation
At 1 August 2013	194
Charge for the year	498
On disposals	-
At 31 July 2014	692
Net book values
At 31 July 2014	2,825
At 31 July 2013	1,099

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
200 A Ordinary shares of £1 each	200	200
200 B Ordinary shares of £1 each	200	200