Megatrack Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05792437 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

MEGATRACK LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

K Smith

REGISTERED OFFICE:

Park House

200 Drake Street

Rochdale

Lancashire

OL16 1PJ

REGISTERED NUMBER:

05792437 (England and Wales)

ACCOUNTANTS:

Wyatt, Morris, Golland Ltd

Park House

200 Drake Street

Rochdale

Lancashire

OL16 1PJ

FIXED ASSETS

Tangible assets

2

-

-

Investment property

3

775,021

775,021

775,021

775,021

CURRENT ASSETS

Debtors

3,828

6,063

Cash at bank

20,484

3,004

24,312

9,067

CREDITORS

Amounts falling due within one year

248,211

240,187

NET CURRENT LIABILITIES

(223,899

)

(231,120

)

TOTAL ASSETS LESS CURRENT LIABILITIES

551,122

543,901

CREDITORS

Amounts falling due after more than one year

4

501,071

506,070

NET ASSETS

50,051

37,831

CAPITAL AND RESERVES

Called up share capital

5

1

1

Profit and loss account

50,050

37,830

SHAREHOLDERS' FUNDS

50,051

37,831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 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 director on 24 September 2014 and were signed by:

K Smith - Director

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 April 2008).

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 etc

-

25% on cost

Investment property

Deferred tax

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

date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

17,081

DEPRECIATION

At 1 January 2013

and 31 December 2013

17,081

NET BOOK VALUE

At 31 December 2013

-

At 31 December 2012

-

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 January 2013

and 31 December 2013

775,021

NET BOOK VALUE

At 31 December 2013

775,021

At 31 December 2012

775,021

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

2013

2012

£

£

Repayable by instalments

480,876

485,500

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

1

Ordinary

£1

1

1

6.	RELATED PARTY DISCLOSURES