Tracca-UK Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09158789 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2016

for

Tracca-UK Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

T Mills

J Mills

REGISTERED OFFICE:

Cleveland House

Old Station Road

Newmarket

Suffolk

CB8 8QE

REGISTERED NUMBER:

09158789 (England and Wales)

ACCOUNTANTS:

Sarah Place Accountants Ltd

Unit 4b

Boldero Road

Bury St Edmunds

Suffolk

IP32 7BS

FIXED ASSETS

Intangible assets

2

2,802

Tangible assets

3

5,745

6,533

8,547

9,335

CURRENT ASSETS

Stocks

63,751

60,733

Debtors

86

9,545

Cash in hand

-

350

63,837

70,628

CREDITORS

Amounts falling due within one year

125,205

112,543

NET CURRENT LIABILITIES

(61,368

)

(41,915

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(52,821

)

(32,580

)

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(52,921

)

(32,680

)

SHAREHOLDERS' FUNDS

(52,821

)

(32,580

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 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 24 October 2016 and were signed on its behalf by:

T Mills - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, 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 etc

-

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.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

2,802

NET BOOK VALUE

At 31 August 2016

2,802

At 31 August 2015

2,802

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

8,711

Additions

1,127

At 31 August 2016

9,838

DEPRECIATION

At 1 September 2015

2,178

Charge for year

1,915

At 31 August 2016

4,093

NET BOOK VALUE

At 31 August 2016

5,745

At 31 August 2015

6,533

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

100

Ordinary

1

100