TRACC Limited - Abbreviated accounts

Registered number

06155260

TRACC Limited

Abbreviated Accounts

31 March 2015

TRACC Limited
Registered number:		06155260
Abbreviated Balance Sheet
as at 31 March 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		2,552			2,456
			2,552			2,456

Current assets
Debtors		10,801			7,152
Cash at bank and in hand		14,154			3,261
		24,955			10,413

Creditors: amounts falling due within one year		(25,991)			(12,103)

Net current liabilities			(1,036)			(1,690)

Total assets less current liabilities			1,516			766

Provisions for liabilities			(510)			(491)


Net assets			1,006			275

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			906			175

Shareholders' funds			1,006			275

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.
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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



E J Readhead
Director
Approved by the board on 4 September 2015

TRACC Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2015

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% reducing balance

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2	Tangible fixed assets					£

	Cost
	At 1 April 2014					4,296
	Additions					734
	At 31 March 2015					5,030

	Depreciation
	At 1 April 2014					1,840
	Charge for the year					638
	At 31 March 2015					2,478

	Net book value
	At 31 March 2015					2,552
	At 31 March 2014					2,456


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100
						100		100