Company Registration No. 5940510 (England and Wales)
Back on Track People Limited
Unaudited accounts
for the year ended 31 March 2022
Back on Track People Limited
Unaudited accounts
Contents
Back on Track People Limited
Company Information
for the year ended 31 March 2022
Company Number
5940510 (England and Wales)
Registered Office
Suite 3, Trent House
234 Victoria Road
Stoke on Trent
Staffordshire
ST4 2LW
Accountants
Thursfields Accountancy Limited
Business Lodge, Trent House
234 Victoria Road
Stoke-on-Trent
Staffordshire
ST4 2LW
Back on Track People Limited
Statement of financial position
as at 31 March 2022
Tangible assets
4,931
1,538
Cash at bank and in hand
24,885
8,855
Creditors: amounts falling due within one year
(27,677)
(23,031)
Net current assets
47,813
38,644
Total assets less current liabilities
52,744
40,182
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
51,707
39,790
Shareholders' funds
51,807
39,890
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 August 2022 and were signed on its behalf by
Ms T Dowe
Director
Company Registration No. 5940510
Back on Track People Limited
Notes to the Accounts
for the year ended 31 March 2022
Back on Track People Limited is a private company, limited by shares, registered in England and Wales, registration number 5940510. The registered office is Suite 3, Trent House, 234 Victoria Road, Stoke on Trent, Staffordshire, ST4 2LW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight Line
The accounts are presented in £ sterling.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Back on Track People Limited
Notes to the Accounts
for the year ended 31 March 2022
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Total
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Repayable on demand loan. Interest payable at 2%.
24,268
23,756
24,268
23,756
24,268
23,756
24,268
23,756
7
Average number of employees
During the year the average number of employees was 3 (2021: 0).