IRIS Accounts Production v23.2.0.158 11301056 Board of Directors 1.1.22 31.12.22 31.12.22 30.9.23 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh113010562021-12-31113010562022-12-31113010562022-01-012022-12-31113010562020-12-31113010562021-01-012021-12-31113010562021-12-3111301056ns10:Originalns15:EnglandWales2022-01-012022-12-3111301056ns14:PoundSterlingns10:Original2022-01-012022-12-3111301056ns10:Originalns10:Director12022-01-012022-12-3111301056ns10:Original2022-01-012022-12-3111301056ns10:Original2022-12-3111301056ns10:Originalns10:PrivateLimitedCompanyLtd2022-01-012022-12-3111301056ns10:Originalns10:SmallEntities2022-01-012022-12-3111301056ns10:Originalns10:Audited2022-01-012022-12-3111301056ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3111301056ns10:SmallCompaniesRegimeForAccountsns10:Original2022-01-012022-12-3111301056ns10:Originalns10:FullAccounts2022-01-012022-12-3111301056ns10:Originalns10:Director22022-01-012022-12-3111301056ns10:Originalns10:Director32022-01-012022-12-3111301056ns10:Originalns10:Director42022-01-012022-12-3111301056ns10:CompanySecretary1ns10:Original2022-01-012022-12-3111301056ns10:Originalns10:RegisteredOffice2022-01-012022-12-3111301056ns10:Original2021-12-3111301056ns10:Originalns5:CurrentFinancialInstruments2022-12-3111301056ns10:Originalns5:CurrentFinancialInstruments2021-12-3111301056ns5:ShareCapitalns10:Original2022-12-3111301056ns5:ShareCapitalns10:Original2021-12-3111301056ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3111301056ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-12-3111301056ns10:Original2021-01-012021-12-3111301056ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3111301056ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-12-31
REGISTERED NUMBER: 11301056 (England and Wales)










TrackTik UK Ltd.

Financial Statements

for the Year Ended 31 December 2022






TrackTik UK Ltd. (Registered number: 11301056)






Contents of the Financial Statements
for the year ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TrackTik UK Ltd.

Company Information
for the year ended 31 December 2022







DIRECTORS: S Ferragne
TC Campion
SL Leightell
W M Johnson





SECRETARY: W M Johnson





REGISTERED OFFICE: 5 New Street Square
London
EC4A 3TW





REGISTERED NUMBER: 11301056 (England and Wales)





AUDITORS: Walkers Accountants Limited
Statutory Auditor
Aireside House
Aireside Business Centre
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ

TrackTik UK Ltd. (Registered number: 11301056)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £   
CURRENT ASSETS
Debtors 5 190,940 120,036
Cash at bank 207,130 1,056,856
398,070 1,176,892
CREDITORS
Amounts falling due within one year 6 320,941 1,128,715
NET CURRENT ASSETS 77,129 48,177
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,129

48,177

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 76,129 47,177
77,129 48,177

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





TC Campion - Director


TrackTik UK Ltd. (Registered number: 11301056)

Notes to the Financial Statements
for the year ended 31 December 2022

1. STATUTORY INFORMATION

TrackTik UK Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition
Revenue is recognised when the licence is granted to the customer and to the extent that it is probable that the economic benefit will flow to the company and it can be reliably measured regardless of when the payment is made. Revenue is measured at the fair value of consideration received or receivable taking into account the terms of the contract an excludes taxes.

Turnover is the contract value of the agreement attributable to the financial year.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

TrackTik UK Ltd. (Registered number: 11301056)

Notes to the Financial Statements - continued
for the year ended 31 December 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 3 ) .

4. AUDITORS' REMUNERATION
31.12.22 31.12.21
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

2,025

2,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 143,424 111,749
Amounts owed by group undertakings 41,500 -
Other debtors 6,016 8,287
190,940 120,036

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 5,033 3,522
Amounts owed to group undertakings 132,389 979,400
Taxation and social security 55,552 46,998
Other creditors 127,967 98,795
320,941 1,128,715

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Day (Senior Statutory Auditor)
for and on behalf of Walkers Accountants Limited

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Trackforce Topco Inc., a company incorporated in USA, which prepares group financial statements. This company's registered office is Corporation Trust Center, 1209 Orange Street, Wilmington, New Castle, Delaware, USA.