Trax Construction Limited - Abbreviated accounts 16.1

Trax Construction Limited - Abbreviated accounts 16.1

TRAX CONSTRUCTION LIMITED - Company Information

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REGISTERED NUMBER: 08874121 (England and Wales)















Abbreviated Unaudited Accounts

for the Year Ended 29th February 2016

for

Trax Construction Limited

Trax Construction Limited (Registered number: 08874121)






Contents of the Abbreviated Accounts
for the Year Ended 29th February 2016




Page

Company Information 1

Certified Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 5

Trax Construction Limited

Company Information
for the Year Ended 29th February 2016







DIRECTORS: Mr P Whyatt
Mrs I Marshall





REGISTERED OFFICE: Bank Chambers
Market Place
Melbourne
Derbyshire
DE73 8DS





BUSINESS ADDRESS: 111 Main Street
Kings Newton
Derbyshire
DE73 8BS





REGISTERED NUMBER: 08874121 (England and Wales)





ACCOUNTANTS: Andersons Accountants Ltd
Chartered Certified Accountants
Bank Chambers
Market Place
Melbourne
Derbyshire
DE73 8DS
Page 1
Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Trax Construction Limited

The following reproduces the text of the report prepared for the directors in respect of the company's
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on
pages three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your
approval the financial statements of Trax Construction Limited for the year ended 29th February 2016 which
comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's
accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Trax Construction Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Trax Construction Limited and state those matters that we have agreed to state to the Board of Directors of Trax Construction Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Trax Construction 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 Trax Construction Limited. You consider that Trax Construction 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 Trax Construction 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.






Andersons Accountants Ltd
Chartered Certified Accountants
Bank Chambers
Market Place
Melbourne
Derbyshire
DE73 8DS


Date: .............................................

This page does not form part of the abbreviated accounts

Page 2
Trax Construction Limited (Registered number: 08874121)

Abbreviated Balance Sheet
29th February 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 36,488 21,821

CURRENT ASSETS
Debtors 79,283 72,672
Cash at bank 53,256 66,477
132,539 139,149
CREDITORS
Amounts falling due within one year 88,446 92,953
NET CURRENT ASSETS 44,093 46,196
TOTAL ASSETS LESS CURRENT
LIABILITIES
80,581
68,017

PROVISIONS FOR LIABILITIES 7,298 4,364
NET ASSETS 73,283 63,653

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 73,183 63,553
SHAREHOLDERS' FUNDS 73,283 63,653

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2016 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.

The notes form part of these abbreviated accounts

Page 3
Trax Construction Limited (Registered number: 08874121)

Abbreviated Balance Sheet - continued
29th February 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 24th August 2016 and were signed on
its behalf by:





Mr P Whyatt - Director


The notes form part of these abbreviated accounts

Page 4
Trax Construction Limited (Registered number: 08874121)

Notes to the Abbreviated Accounts
for the Year Ended 29th February 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales in respect of work done during the period, excluding value
added tax.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st March 2015 28,815
Additions 34,540
Disposals (10,000 )
At 29th February 2016 53,355
DEPRECIATION
At 1st March 2015 6,994
Charge for year 12,373
Eliminated on disposal (2,500 )
At 29th February 2016 16,867
NET BOOK VALUE
At 29th February 2016 36,488
At 28th February 2015 21,821

Page 5
Trax Construction Limited (Registered number: 08874121)

Notes to the Abbreviated Accounts - continued
for the Year Ended 29th February 2016

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

4. CONTROLLING INTEREST

The company is jointly controlled by the directors, Mrs I Marshall and Mr P Whyatt who each own
50% of the issued share capital of the company.

5. GOING CONCERN

The directors have reviewed the financial results for the year and is of the opinion that the company
has sufficient resources to continue to trade for at least the next twelve months. As a result the going
concern basis of accounting has been adopted.

Page 6