Tracs Assets Limited Filleted accounts for Companies House (small and micro)

TRACS ASSETS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: SC311793

TRACS ASSETS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

28 February 2023

TRACS ASSETS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 28 FEBRUARY 2023

Contents	Page

Officers and professional advisers	1

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position and the notes to the financial statements	3

TRACS ASSETS LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	Mr D Austin
	Mrs S Austin

Company secretary	Mrs S Austin

Registered office	11 Bon Accord Crescent
	Aberdeen Business Centre
	Aberdeen
	Scotland
	AB11 6DE

Accountants	Ritsons
	Chartered Accountants
	26-30 Marine Place
	Buckie
	Moray
	AB56 1UT

TRACS ASSETS LIMITED

CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TRACS ASSETS LIMITED

YEAR ENDED 28 FEBRUARY 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tracs Assets Limited for the year ended 28 February 2023, which comprise the statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Tracs Assets Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Tracs Assets Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tracs Assets Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tracs Assets Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tracs Assets Limited. You consider that Tracs Assets Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Tracs Assets Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ritsons Chartered Accountants

26-30 Marine Place Buckie Moray AB56 1UT

24 November 2023

TRACS ASSETS LIMITED

STATEMENT OF FINANCIAL POSITION

28 February 2023

	2023	2022
	£	£
Fixed assets	74,642	83,684
	--------	--------

Current assets	34,121	39,377

Creditors: amounts falling due within one year	48,905	87,767
	--------	--------
NET CURRENT LIABILITIES	( 14,784)	( 48,390)
	--------	--------
TOTAL ASSETS LESS CURRENT LIABILITIES	59,858	35,294

Accruals and deferred income	1,500	1,500
	--------	--------
	58,358	33,794
	--------	--------

Capital and reserves	58,358	33,794
	--------	--------

For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the board of directors and authorised for issue on 24 November 2023 , and are signed on behalf of the board by:

Mr D Austin	Mrs S Austin
Director	Director

Company registration number: SC311793

The company is a private company limited by shares, registered in Scotland.