Track & Trail Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04052339 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

TRACK & TRAIL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr B J Kelly

SECRETARY:

Mrs F M Kelly

REGISTERED OFFICE:

Sandford House

Main Road

Ellastone

Ashbourne

Derbyshire

DE6 2GZ

REGISTERED NUMBER:

04052339 (England and Wales)

ACCOUNTANTS:

Wynniatt-Husey Limited (Uttoxeter Branch)

The Old Bakehouse

Dove Walk

Uttoxeter

Staffordshire

ST14 8EH

CURRENT ASSETS

33,485

Stocks

5

-

6,271

Prepayments and accrued income

-

8,365

Cash at bank and in hand

2,858

48,121

2,858

CREDITORS

(46,237

)

Amounts falling due within one year

6

(33,378

)

1,884

NET CURRENT (LIABILITIES)/ASSETS

(30,520

)

1,884

TOTAL ASSETS LESS CURRENT LIABILITIES

(30,520

)

(191

)

PROVISIONS FOR LIABILITIES

-

1,693

NET (LIABILITIES)/ASSETS

(30,520

)

CAPITAL AND RESERVES

1,000

Called up share capital

7

1,000

693

Retained earnings

(31,520

)

1,693

SHAREHOLDERS' FUNDS

(30,520

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2023 and were signed by:

Mr B J Kelly - Director

1.	STATUTORY INFORMATION

Track & Trail Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computers and office equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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 3 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Computers

Fixtures

and

and

office

Totals

fittings

equipment

£

£

£

COST

At 1 September 2022

and 31 August 2023

10,821

8,841

1,980

DEPRECIATION

At 1 September 2022

and 31 August 2023

10,821

8,841

1,980

NET BOOK VALUE

At 31 August 2023

-

-

-

At 31 August 2022

-

-

-

5.

STOCKS

31.8.23

31.8.22

£

£

Stocks

-

33,485

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.23

31.8.22

£

£

Other loans

29,850

29,850

Trade creditors

(129

)

8,516

Social security and other taxes

-

303

VAT

-

6,281

Director's current account

2,907

222

Accrued expenses

750

1,065

33,378

46,237

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.23

31.8.22

value:

£

£

1,000

Ordinary

£1

1,000

1,000

8.	RELATED PARTY DISCLOSURES

The company was under the control of Mr and Mrs Kelly throughout the year. Mr Kelly is the managing director and he and his wife own all of the shares of the company.